World's second largest two wheeler market India is heading up again, this time with Triumph Motorcycle, which gonna showcase its new plant in Karnataka, India. Being India is the third plant of UK based Triumph Motorcycle, UK and Thailand are the other plants. Investing an amount of 215 crores, Triumph will register new price tags by cutting away its duty tax it had which would make the iconic British a genuine competitor in the premium segment in the Indian market.
Triumph signed a memorandum of understanding with the Karnataka Government approved by the Karnataka State High Level Clearance Committee (SHLCC). The allotment of 40 acres of land at the Narsapura Industrial Area in Kolar district will enrich Triumph's procession. "About 40 acres of land has been identified by the company at Narasapur (Kolar district) on the Bangalore-Chennai highway. This is about 50 km from Honda's upcoming motorcycle plant," the official said. Earlier the States of Tamil Nadu and Maharashtra rejected to open up a new plant for Triumph motorcycle in their states.
Triumph also plans to manufacture a new venture typically for the Indian customers. The company is working on it, a smaller capacity motorcycle comparing Triumph's other motor machines, around 350 cc. They had announced that they would be assembling the Bonneville, Street Triple, Speed Triple and Daytona 675 models. At first the company will be assembling bikes and may start exporting if required.
"We are gearing up to commence our Indian operations at the earliest. Of the seven motorcycles that will be entering the market, we will be assembling four of our bike models in India. We will be looking at setting up the CKD assembly facility in a propitious location," said company official.
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