New bike from Bajaj in four months time
Bajaj India is going to launch a new bike in next four months. The new bike would be Bajaj's attempt to put some speed breakers in the path of the Splendor and Passion motorcycles from Hero Honda, which rule the roost.
Bajaj has a meager 9% market share in the 100cc segment while its rival Hero Honda has 80%. It had launched the Discover 100cc motorcycle last month to give it some hope of moving ahead and not losing more to HH. The 100cc segment contributes to one-third of the total motorcycle market in India.
Hero Honda's 100cc models are CD Dawn, CD Deluxe, Splendour, and Passion while Bajaj has just the Discover and Platina. Naturally, progress will happen only if Bajaj fattens its line-up. With the new launches, Bajaj hopes to inch towards its previous overall 2-wheeler market share of 36%, which now has slipped to 21%.
[Via: IAB)
CARPLUS Stores from TVS Motors for Auto Accessories
It's the age of retailing and more car manufacturers are entering systematic retailing market looking at the growing economy and changing buying patterns. As India remains unfazed by the economic crisis around the world, Indian buyers still hold better purchasing power.
TVS Motors has now entered the car accessories market with its 'CARPLUS' stores to sell auto accessories in the retail market. Lucas India Service Limited, a part of TVS Motors will own these stores in India and will offer complete range of car accessories under one roof.
The first car store of CARPLUS is located in Gurgaon spread over an area of 4000 sq. ft. the showroom is well-equipped with world class accessories and showcases an impressive range of the same.
"With the number of new passenger car models being launched in India, the car accessories market is all set to witness an exponential growth over the next few years. Currently, 35-40 per cent of the total car accessories market estimated at Rs. 4,200-4,500 crore lies in the unorganized sector. It is imperative, therefore, for players like Lucas to carve a niche in the mind of the consumer and bring home the value proposition.Given the nascent state of organized retail and the rapid evolution of the industry, it is crucial for retailers, manufacturers, real estate developers, logistics providers and partners along the value chain to work in a collaborative spirit," said Arvind Balaji, director, Lucas Indian Service Limited.
[Via: cartradeinida]
Scooter from Bajaj Auto soon
Bajaj Auto is gearing up to provide some tough competition to Honda Activa by developing a new scooter with the help of some Chinese support. The launch however will be two years later. Keeping in mind the success of Honda Activa, Bajaj Auto plans to develop its scooter in a manner that is unique in a specific technology.
Apart from this scooter, Bajaj Auto has also ventured into the bike zone through its facility from China. These bikes are made in China and then shipped to various countries. A shipment of the first thousand bikes was shipped to Nigeria through India.
[Via: BIKE]
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