Triumph Motorcycles, makers of premium motorcycles, is hopeful of selling about 500 high-end bikes in a year. The Triumph stable has 28 models and will look to bring more models depending on the market response.
“We are hopeful of selling about 500 units in a year, then 1,000 units the next year and 1,500 units the following year,” said Vimal Sumbly, managing director, Triumph Motorcycles India.
It already has about 100 orders from Bangalore and Hyderabad, where it has set up dealerships. It was anticipating more bookings as it has plans to increase the dealer network to nine after adding Chennai, Kochi, Mumbai, Pune, Ahmedabad, Kolkata and NCR by March end. The waiting period for the bookings would be about three months, he said.
It has launched ten models ranging from 865 cc to upto 2300 cc. These include four CBUs and six CKDs that are assembled at its Manesar plant. The CBUs attract close to 100 per cent import duty while the CKDs attract about 33 per cent. It will bring in more models based on the market response. A 250 cc bike is on the cards for the global market, he said without elaborating on when it would be launched in India.
In the same direction, it has plans to set up a manufacturing facility in Karnataka in 2016. “The proposed plant in Karnataka will be for smaller CC vehicles. Since the super bike segment is about only 3,000 units in India, we will continue to bring the premium bikes via the CBUs and CKDs route,” he said. He said the investment details for the plant would be firmed up later.
Competition is building up in the premium bike segment. On Wednesday, Polaris India launched three models for India priced between Rs 26.5 lakh and Rs 33 lakh.
“Super bikes are a niche segment. The needs of the Indian customers are varied and no single player can meet all of them. It is nice to have competition in the segment as this will increase the choice for the customers,” he said adding that it has a range of products priced a little less than Rs six lakh to more than
Rs 20 lakh and it will back it up a good after sales service.
“Biking is an experience and more people are taking to it. The biking culture is catching up,” he said.
“We are hopeful of selling about 500 units in a year, then 1,000 units the next year and 1,500 units the following year,” said Vimal Sumbly, managing director, Triumph Motorcycles India.
It already has about 100 orders from Bangalore and Hyderabad, where it has set up dealerships. It was anticipating more bookings as it has plans to increase the dealer network to nine after adding Chennai, Kochi, Mumbai, Pune, Ahmedabad, Kolkata and NCR by March end. The waiting period for the bookings would be about three months, he said.
It has launched ten models ranging from 865 cc to upto 2300 cc. These include four CBUs and six CKDs that are assembled at its Manesar plant. The CBUs attract close to 100 per cent import duty while the CKDs attract about 33 per cent. It will bring in more models based on the market response. A 250 cc bike is on the cards for the global market, he said without elaborating on when it would be launched in India.
In the same direction, it has plans to set up a manufacturing facility in Karnataka in 2016. “The proposed plant in Karnataka will be for smaller CC vehicles. Since the super bike segment is about only 3,000 units in India, we will continue to bring the premium bikes via the CBUs and CKDs route,” he said. He said the investment details for the plant would be firmed up later.
Competition is building up in the premium bike segment. On Wednesday, Polaris India launched three models for India priced between Rs 26.5 lakh and Rs 33 lakh.
“Super bikes are a niche segment. The needs of the Indian customers are varied and no single player can meet all of them. It is nice to have competition in the segment as this will increase the choice for the customers,” he said adding that it has a range of products priced a little less than Rs six lakh to more than
Rs 20 lakh and it will back it up a good after sales service.
“Biking is an experience and more people are taking to it. The biking culture is catching up,” he said.
