Hero Motocorp Bets Big On Scooters

Hero MotoCorp said it will launch three new scooter models and a variant by March 2016, a move that is likely to drive up competition in the country's scooter market.

While the first model 110-cc Dash will be rolled out in the first half of the next fiscal, the 125-cc Dare will hit the road in the second half of FY 15, Hero MotoCorp managing director and chief executive Pawan Munjal said.

Bollywood actor Ranbir Kapoor unveiled the three models at the Auto Expo. Hero MotoCorp is the second largest scooter maker in India.

However, the 150-cc Zir model will be launched in the first half of the financial year 2015-16, Munjal said, adding a European style step-through variant of ZIR will also be rolled out.

"Having seen a much faster pace than the industry in the scooter market, we are rapidly expansing our scooter portfolio with the clear objective of attaining leadership in this segment as well. Our new range of models is a reflection of our strong technology prowess and determination to keep innovating in order to expand our global foot print," Munjal said.

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Terra Motors Unveils Electric Superbike Kiwami

Japan’s largest electric vehicle maker Terra Motors Corporation  ventured into India with the introduction of the country’s first ever 1,000-cc electric superbike Kiwami at a price of  Rs. 18 lakh.

With the aim to attract the youth, motorcycle enthusiasts and urban consumers who look for eco-friendly variants, Kiwami which in Japanese means ‘ultimate’, produces a maximum power of 13.4 bhp and a top speed of 160 kph. The bike can be fully charged in six hours and has a range of 200 km.

“India is the second largest producer of two-wheelers in the world. Hence, it is an important market in our strategic growth plan and we intend to invest Rs. 300 million ( Rs. 30 crore) in the Indian market next fiscal year,” said Toru Tokushige, chief executive officer (CEO), Terra Motors. “The electric vehicle market in India is very fragmented and consumers do not have a high image of the segment.

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Hero Motocorp Diesel Vehicle Unveiled

In a technological showcase designed to highlight the company's future plans, Hero MotoCorp unveiled on Wednesday a diesel-electric hybrid scooter concept, 'RNT', which sports what is likely the world's first and smallest diesel engine for two-wheelers. This was part of a showcase of five completely new products, which will be shown at the Auto Expo and, of which, four will be launched from the April-June, 2014 quarter.

“Ahead lies a very promising destiny. We want to become a global brand, which we cannot without a full range. A year ago I had promised a new range of technologically superior two-wheelers, we needed some time to go back to the drawing board,” said Pawan Munjal, Hero MotoCorp's MD & CEO, while referring to the company's new global strategy after splitting from Japanese giant Honda in 2011.

From just over 6-million-unit sales today, Hero is targeting 10 million units by 2016-17, of which 1 million will come from overseas markets. Hero was previously restricted by the JV with Honda to enter global markets or start its R&D, which it has since become aggressive about.

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Kawasaki Launched Z800 In India At Rs 8.05 Lakh

Kawasaki has added a seventh motorcycle to its lineup in India with the launch of the Z800 at Rs 8.05 lakh . This is the fifth CBU Kawasaki to go on sale in India. Kawasaki has rapidly expanded their range in India once they began their CBU operations with the excellent Ninja ZX10-R. The company aims to sell around 400 of the five CBU models this year.
"In 2014, we expect to sell around 400 units of five CBU models in the country, including the Z800," India Kawasaki Motors deputy managing director Shigeto Nishikawa told media. He added that the company also plans to sell around 1,400 units of Ninja 300 and Ninja 650 models, which are assembled in India.
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