Arab Today, arab today honda launches its cheapest motorbike
Last Updated : GMT 19:37:45
Arab Today, arab today
Arab Today, arab today

Honda launches its cheapest motorbike

Arab Today, arab today

Arab Today, arab today Honda launches its cheapest motorbike

New delhi - Arabstoday

Honda Motor Co (7267.T) launched its first mass-market motorcycle for India and its cheapest motorbike worldwide on Tuesday, as it aims to tap low-cost emerging markets including more than doubling India’s share of its motorcycle revenue by 2020. Honda, which ended a 26-year joint venture with Hero MotoCorp (HROM.NS) in March of last year in an $851 million deal, has announced fresh investment worth 20 billion rupees since then as it looks to chase down its former partner, the current market leader. Honda’s 110cc Dream Yuga motorcycle, its first in India’s 75-125cc commuter segment, will start at 44,642 rupees and will compete with Hero’s Splendor brand, India’s biggest-selling bike. Honda expects India to account for 30 percent of its global motorcycle revenues by 2020, up from 13 percent currently, said Keita Muramatsu, president of Honda Motorycle & Scooter India at the bike’s launch in New Delhi. “Our long-term target is to be the number one in India by 2020,” said Yadvinder Singh Guleria, marketing head for Honda India. He said the company targets sales of 300,000 Dream Yugas in the current financial year that ends in March 2013. Entry-level commuter bikes account for around 70 percent of the domestic market in a country that sold over 10 million bikes in the last financial year, second only to China. Under the joint venture agreement, Honda was banned from directly competing with Hero Honda vehicles. Honda’s foray into the mass-market arena is part of a larger assault by Japanese motorcycle makers ramping up capacity and targeting volumes in a market that grew 14 percent in the 12 months to March 2012. Yamaha Motor Co this week announced a new $280 million factory in India to almost triple capacity to 2.8 million motorcycles by 2018, while Suzuki Motor Corp (7269.T), which will likely launch a mass-market offering this month, is building a new factory to take its India capacity to close to 1 million motorcycles by 2014. Local rivals are taking note. Bajaj Auto (BAJA.NS), India’s Number 2 but beaten into third place in March by Honda, launched a souped-up version of its flagship commuter bike, the Discover, on Monday. Honda sold 220,487 two-wheelers in India in March, 50 percent more than in the same month last year, and marginally more than Bajaj. The Japanese company, which also sells passenger cars in India, is currently constructing its third two-wheeler factory in the country. The new plant is expected to begin production early next year and take total capacity to 4 million two-wheelers.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda launches its cheapest motorbike Arab Today, arab today honda launches its cheapest motorbike

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 22:05 2017 Wednesday ,22 February

RTA completes Phase I of smart parking project

GMT 01:06 2017 Monday ,20 February

Dubai set to be leader in driverless mobility by 2030

GMT 00:36 2017 Monday ,20 February

Abu Dhabi merges key parking sectors

GMT 11:19 2017 Sunday ,19 February

Syrian Khallouf Trading Company launches two new cars

GMT 10:37 2017 Thursday ,16 February

Motorsport fans encouraged to buy GP tickets

GMT 13:21 2017 Wednesday ,15 February

200 Teslas to join Dubai Taxi fleet

GMT 21:20 2017 Tuesday ,14 February

Tesla brings electric cars to supercar-loving UAE
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday