Advertisement
Help
You are here: Rediff Home » India » Business » Business Headline » Report
Search:  Rediff.com The Web
  Advertisement


Chinese bike Xoom to hit Indian roads by Jan '07
BS Reporter in New Delhi
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
   
  Advertisement
November 16, 2006 10:49 IST

The first Chinese made motorcycles will hit the Indian roads in January next year. Branded Xoom, these bikes would be available in four variants - 100cc, 125cc, 150cc and 180cc and will initially come in semi-knocked down condition.

The launch will mark the foray of first Chinese auto maker into the Indian territory. While the company has not revealed the prices but is throwing hints that it will be attractive enough to grab a good share of the two-wheeler market.

The bikes will be brought by Xenitis Group of China, which has floated a separate company, Global Motors, along with its joint venture Chinese partner Guangzhou Motors Company.

Santanu Ghosh, chairman, Xenitis Group said: "With a firm commitment for Indian market we have invested Rs 280 crore (Rs 2.8 billion) initially.

"The Indian subsidiary, Global Motors, will also start off its manufacturing capacity of 20,000 units each month, which could be scaled up to 60,000 per month depending on the demand and market response.

Powered by

   Discuss   |      Share with friends   |      Print   |   Ask a question  Ask a question   |  Get latest news on your desktop  Get latest news on your desktop

© 2009 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback