Honda to launch sporty 160cc motorcycle by September
Honda Motorcycles and Scooters India (HMSI) will launch a new premium bike in the 160cc segment aimed at younger set of buyers in urban cities in India. The launch is schedule to take place in the third quarter this year, between the July-September 2014 period.
With launch of a new 160cc bike, HMSI wishes to reposition itself in the premium commuter segment which till date is only represented by CB Unicorn and CB Trigger in 149cc category. Set to push up company sales in India, the soon to be launched 160cc bike will come in with an attractive design with a host of on board technology while fuel efficiency will also be given some attention.
Besides this 160cc bike, HMSI also plans on launching a new 110 cc commuter bike that will be the lowest priced bike in Dream series while the company is investing INR 1,000 crores on a fourth plant in Gujarat. This new plant is expected to commence operations by FY16.
HMSI has ambitious plans in store as announced at the 13th annual business meet in Japan. The company is targeting sales of 45 lakh units in 2014-15, adding 1,000 new touch points to their network and will be increasing company outlets to 3,800 by the end of this financial year.
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