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Premium bike segment getting bigger in India

The Indian two wheeler market is now the place chosen by almost all the two wheeler companies in the world as a place where they can easily build their empire with the quality products they own. That much big is the Indian two wheeler industry now.

The sale of superbikes which are in the range of 600 cc+ and mini supers, in the 250 cc-650 range is set to see a drastic increase in sales in the next couple of years. This might be the reason attracting global brands to India.

Their sales volume is expected to rocket to a mindboggling figure of nearly two lakh units a year, according to a senior executive of Garware Motors which has tied up with South Korean company S&T Motors, manufacturer of Hyosung motorcycles, for importing them as CKD units.

150 cc up to 200 cc bike range is estimated to have a market of about 1.7 million units a year in the country. But in the next two years, the market share of the mini-super bikes is expected to explode to about 1.7 lakh units. These are in the price range of Rs 1.2 lakh to Rs 2.7 lakh.

Last updated on 21-02-2012. Published on 21-02-2012. Written by .
Category: News
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