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| Honda�s 100 cc bike to be on a new platform |
| 27-05-2009 | http://www.indiacar.net/news/n109910.htm |
New Delhi, Honda Motorcycles and New Delhi, Honda Motorcycles and Scooters India says there will be no cannibalisation between its 100 cc bike and the existing models of its sister company, Hero Honda.
Built on a completely new platform, its bike in the entry-level category will be launched by the end of the current fiscal. The company stated that its entry level bike could be priced between Rs 40,000-45,000.
HMSI, which has so far claimed that its entry bike will be in premium category and with sporty look, indicated that the price gap between its model and Hero Honda would be marginal.
Currently, Hero Honda, which has a joint venture with Honda Motor Co, is the largest player in the segment with models such as CD Deluxe, Passion and Splendor.
�There will be no cannibalisation. Our bike will be bit higher priced. But it will be less than the cost of a 125 cc bike. There is a market for the 100 cc bike.
�I am not aiming to make the product a big business in terms of volume. But I want to satisfy HMSI customers who are looking to buy the product,� said Mr Shinji Aoyama, President and CEO, HMSI at the launch of a PGM FI (programmed fuel injection) Stunner in the 125 cc category.
The new Stunner priced at Rs 64,630 (ex-showroom Delhi), offers more mileage and top speed.
With the new variant launch, the company is aiming to sell 1.25 lakh units in the current fiscal. Last year, the company sold 83,000 units of its existing Stunner.
In the current fiscal, the company intends to sell 12.5 lakh two-wheelers against 10.7 lakh units, last year.
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