Honda to introduce 100cc bike in India
14 Jun 2007
New Delhi: Honda Motorcycle Scooters India (HMSI) is developing a new motorcycle in the 100cc segment for the Indian market which is expected to be launched in three years.
According to company officials the new 100cc model could be positioned slightly higher than the existing ones in the market and would sport a premium price tag.
The
bike would be produced from Honda''s existing facility
at Manesar and would take about two years to develop
while another year would be spent for commercial production
and marketing.
The company has already announced investments of Rs400
crore for increasing Manesar plant capacity to 12 lakh
units per annum from the existing 9 lakh units, as well
as marketing initiatives and product development.
The
company is also looking at the possibility of introducing
its popular high-end bikes in the domestic market that
could cost a whopping Rs10 lakh per unit as high-end
bikes are levied 60 per cent duty.