JOIN USExpecting a huge growth in the super bike segment, particularly in the 500 cc category, UK-based high-end motorcycle manufacturer Triumph plans to sell about 1,800 bikes per year by 2020.
“We would like to almost double our volumes by 2020. We are aiming to sell around 1,700 to 1,800 bikes by that time,” Triumph Motorcycles India Managing Director Vimal Sumbly said after launching three models in the Auto Expo.
Triumph has launched three models of its iconic Bonneville range — Street Twin, T120 and Thruxton R in De. The company has priced its 900 cc Street Twin at Rs 6.90 lakh (ex-showroom Delhi), and its 1,200cc model T120 at Rs 8.70 lakh. However, it is yet to announce the price of Thruxton R, delivery for which would start from July 2016.
Heavy competition
Triumph competes with brands like Harley Davidson, Ducati, Kawasaki and Suzuki in the top-end segment.
The company, which started its operations in the country two years ago, has sold 2,500 units so far. “We have almost 30 per cent market share in India in 2015 in 500cc category as per industry data,” Sumbly said.
Triumph Motorcycles India has a network of 12 dealers. Triumph has one assembling unit in Manesar, Haryana and produces seven bikes out of its total range of 15. Its portfolio spans across superbike categories of classics, cruisers, roadsters.
Toyota unveils hybrid Prius
Aiming to push alternative fuel technology vehicles in the Indian market, Japanese auto major Toyota unveiled its all-new version of hybrid car Prius.
The new fourth generation Prius combines a premium styling and an enjoyable driving dynamics, to showcase the advanced technology and the Prius DNA which Toyota intends to carry forward in future.
“Considering the rising oil imports and increased pollution, environment-friendly vehicles will go a long way. We are working to promote hybrid and other environment-friendly vehicles, based on our stance that these vehicles can have a positive impact on the environment, only if they are used widely,” Toyota Kirloskar Motor Managing Director Naomi Ishii said.