While the company has not disclosed the exact price, the new bike is expected to be tagged around Rs 42,000 (ex-showroom, Delhi).
"We sold 16.85 lakh units in FY 2011. In the current fiscal, we plan to increase it to 21 lakh units. We will continue to grow faster than industry. The turnover is also expected to jump to Rs 7,500 crore (Rs 75 billion) this year," company head sales N K Rattan said in New Delhi at the launch of the bike CBR 250R.
After witnessing a buoyed response for the premium class superbikes it has been selling since the past one year, Honda Motorcycle and Scooters India, the Indian subsidiary of Japanese auto giant Honda Motor Corporation, will launch yet another superbike by the end of this year.
Pressure is mounting on Honda Motorcycle and Scooters India, India's fourth biggest two-wheeler maker by volume, to resume normal supplies of scooters and motorcycles to its dealers, who are forced to ask customers to wait for up to four-five months for delivery.
Addressing a press conference before the launch of the bike, Deepak said Bhopal provides huge opportunity for expansion and the company is looking forward to introduce and promote its range of products in the city. With increased choices now available in the market, he said Indian youth today were actively on a look out for brands that have a high 'style and attitude' quotient.
Stating that the plans for unveiling the vehicle are at the final stage, Mohindroo said, "the company would showcase the motorcycle in the Auto Expo 2010."
Honda Motorcycle & Scooter India, fully owned Indian subsidiary of the Japanese firm, launched on Friday a new version of its gearless scooter Activa, priced at Rs 39,800 (ex-showroom, Delhi). The company would focus on gearless scooters in the future and with the launch of the new Activa, HMSI is looking at a total of 18 per cent growth in its two wheeler sales in the next fiscal, 2009-10.
The launch is part of the company's strategy to increase its sales in the Indian two-wheeler market. The new version of its 125 cc sports bike -- CBF Stunner -- priced at Rs 64,630 (ex-showroom, Delhi) -- will be equipped with PGM-FI (programme fuel injection) technology which gives more power, HMSI said. It will be available in the market by the first week of June, it added.
In a relief to the management of Honda Motorcycle and Scooter India (HMSI), which is facing labour unrest, a civil court in Gurgaon has ordered the local administration, including police, to evict striking contract workers.
The Mumbai-based company will take on Hero Honda, Bajaj Auto and HMSI and will have models in the 100cc, 125cc and 150cc mobike segments, and also in the ungeared low and high-powered scooter segments. Hero Honda has a 60 per cent share of the motorcycle segment, while HMSI commands a 58 per cent of the scooter market. Anand Mahindra said: "Our two-wheeler project is complete; we have already begun marketing the fleet in Bangalore."
There could be some significant changes in motorcycles over the next few years says Shobhana Subramanian.
The Honda company is working on entering the same segment, with a sporty bike, in 2010. It hopes to sell a few lakh of these a year, to begin with
Around 200 contract workers of two-wheeler manufacturer Honda Motorcycle and Scooter India, the fully owned subsidiary of Japan's Honda Motor Co, went on strike on Tuesday demanding regularisation of services.
Honda Motorcycle Scooter India, a 100 per cent subsidiary of Honda Motor Company, Japan, will launch a slew of high-power premium bikes in India, the first of which will debut by March next year, according to company executives.
HMSI is likely to announce a tie-up with Snapdeal for online two-wheeler sales next month.
Little response to Left parties strike call in Gurgaon
The workers were protesting against the suspension of 50 and the dismissal of four HMSI employees after a strike at the Honda plant in Manesar in Haryana.
Motorcycle production has been suspended at the Manesar plant of Honda Motorcycle and Scooter India, which is in the midst of a major labour unrest.
Honda Motorcycle and Scooter India (HMSI), Suzuki Motorcycle India (SMI) and Yamaha Motor India (YMI) are building motorcycles and scooters to suit the Indian market. The models will be manufactured at the company's research and development centres in Japan and will use new platforms.
Passenger vehicle wholesales in India rose by 14.16 per cent in August to 2,15,916 units, driven by pent-up demand, industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers, passenger vehicle wholesales stood at 1,89,129 units in the same month last year.
Hero MotoCorp sold 254,813 Splendors, about 4,000 more than the 250,681 Activas sold by its rival Honda Motorcycles and Scooters India.
The bike-maker will expand its capacity to 1.2 million from the current 9 lakh.
Honda Motorcycle and Scooter India Pvt Ltd, 100 per cent subsidiary of the Honda Motor Company, will launch its MotoGP edition motorcycle in the country next month, a top company official said.
The company also plans to introduce a 100 cc bike by the end of 2010. HMSI has a current market share of 11 per cent and is expecting to raise the figure to 15 per cent by 2010. Asked if the company has plans to phase out its scooter Eterno, Rattan said, "Though the sale of Eterno has come down, we do not have any plan to stop the production, rather we will revamp its sale with new strategies".
'It was brutal, barbaric and organised gangster-ism of the Haryana police force. It was sheer savagery,' says CPI MP Gurudas Dasgupta.
Japan on Tuesday said the labour unrest at Honda Motorcycles and Scooters India could impact foreign direct investment inflows into India, but ruled out its intervention in the matter.
Market leader Maruti Suzuki India's passenger vehicles sales declined by 2.34 per cent last month at 133,702 units. Hero MotoCorp reported total two-wheeler sales of 480,196 units last month, down 20.05 per cent.
The workers of Honda Motorcycle and Scooter India had enough reasons to cheer in the early hours of Saturday morning
Japan's Honda Motors on Wednesday unveiled its second bike -- 125-cc 'Shine' -- in the Indian market and said it will invest Rs 400 crore
The stand-off at the facility, which employs around 1,900 permanent workers and 2,500 contract workers, began on November 5 morning when the company management did not allow some of the contractual workers to go inside the plant.
Mopeds are sought by people with smaller businesses, with their weight-carrying and haulage ability beside being lighter and easy to manoeuvre in traffic.
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