Honda Motorcycles and Scooters India (HMSI) launched the much anticipated CB Unicorn 160 yesterday. They also announced that they were planning to develop a low-cost motorcycle for the Indian market.
The Japanese manufacturer is looking at the developing markets so that they can offer an affordable motorcycle to their consumers in such countries. At present, the company already sells motorcycles priced less than Rs 40,000 in South Africa and will bring in similar products to India as well. In fact, the manufacturer's local R&D in our country will work on the new product for the Indian market.
Apart from this, they also announced that they expect to achieve double digit growth in the domestic market next year. In order to achieve this they will launch 10 new two-wheelers, which include completely new products and facelifted models as well.
The company will also extend their dealership network with an aim of expanding to 3,800 outlets by the end of this fiscal year from the 3,400 at present. They also plan to increase this number to 6,000 in the next three years. From a current production capacity of 4.6 million units, the company will increase this capacity to 5.8 million units as soon as their manufacturing facility in Gujarat becomes functional in the coming year.
Source: ET
