Honda’s entry level bike in final stages
Honda India is on the final stages of production of its 100cc bike and the Japanese automobile major plans to unveil it soon. The 100cc is the largest segment in terms of volume in the Indian two-wheeler market. HMSI has presence in the 125-cc segment with the Shine and the Stunner models and in the premium 150cc segment with the Unicorn.
HMSI vice-president and operating head-purchase Anupam Mohindroo told reporters that the firm will soon launch the 100cc variant at the Auto Expo 2010 in New Delhi. He further added that the 100cc vehicle will be a different model, unlike most other 100cc offerings as it will be based on the lines of the CBF Stunner 125.
[Via: BIKE India]
Michelin announces Rs 4,000 crore investment in India
French tyre manufacturer Michelin will set up a new manufacturing facility at Gummidipoondi (about 40km from Chennai), for which it will invest Rs 4,000 crore over a period of seven years. Michelin intends to produce truck and bus radial tyres at this plant, which is expected to be operational by 2012. These tyres will initially be meant only for the Indian market, though Michelin may also cater to some overseas markets at a later stage.
Michelin's tyre manufacturing facility will be situated on a 290 acre chunk of land situated in the SIPCOT industrial estate at Gummidipoondi. Michelin, which already supplies tyres to companies like Honda, Mercedes-Benz and Volvo in India, currently imports most of its tyres from its plant in Thailand.
This isn't Michelin's first foray into the Indian tyre market. The company first came to India with MRF in the early-1990s (the partnership was dissolved in the mid-1990s) and then set up a joint venture (for truck and bus radial tyres) with Apollo Tyres in 2003, which also ended in 2005.
[Via: cartradeindia]
Harley Davidson Will Enter India in 2010
Harley Davidson would be importing its motorcycle through the CBU route (Completely Built Units) and its base model is expected to be priced at Rs. 7 Lakh onward, while higher end models would cost even more. Harley Davidson is one of world's oldest motorcycle manufacturer with over 107 years of history behind it.
Harley-Davidson expects to start selling its best in the world cruiser motorcycles in January 2010. The company has established a subsidiary to be located in Gurgaon, near Delhi, and has begun the process of seeking dealers. "As India continues to extend its global reach, so does Harley-Davidson," said Levatich. "We believe Harley-Davidson has outstanding opportunities for continued growth around the world."
The company's current approach is to import its motorcycles, accessories and riding gear, and it will continue to evaluate how best to evolve its approach to the market as Harley-Davidson's business in India grows. Harley-Davidson is the global leader in cruising and touring motorcycles and ranks as one of the strongest brands in the world, with motorcycle sales now in more than 70 countries.
The company will focus its initial steps in India on growing the Harley-Davidson brand through a variety of consumer experiences and on establishing a local dealer network. The Harley-Davidson subsidiary in India will be led by Managing Director Anoop Prakash, who said the company has begun the process of identifying initial dealers in Mumbai, Delhi, Bangalore, Hyderabad and Punjab State.
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