Honda Motorcycles & Scooters India (HMSI) is planning a low-cost motorcycle for India, a company spokesperson said on Thursday.
The low-cost bike for India will be developed with the help of local R&D. The Japanese two-wheeler major already sells low-cost bikes in South Africa priced at around $600.
The company is also planning to launch over 10 new two-wheeler models in India next year. "We plan to launch over 10 new models which will include 7 new products and a few refreshes," Keita Muramatsu, President &CEO, HMSI, told ET. The company expects to achieve double digit growth in the domestic market next year.
HMSI is also aiming to increase its sales network to 3,800 outlets by the end of this fiscal year from 3400 at present. "In the next 3 years, we expect to take this to 6000 outlets," said YS Guleria, VP, sales & marketing.
The company also plans to increase its capacity to 5.8 million units after the Gujarat plant becomes operational in the next fiscal year. At present, the company produces 4.6 million units. According Guleria, HMSI has a backlog of 70,000 units in the scooter segment.
Source : http://economictimes.indiatimes.com/