Bajaj Auto will launch an all new sub-500cc motorcycle for the Indian market, with a launch slated for sometime this year. Bajaj, which is famous for its Pulsar range in India, recently entered the sub-400cc segment with the all new Dominar 400. The new sub-500cc segment motorcycle will be based on the same platform as the Dominar 400 and will be in the Rs 1 lakh-Rs 2 lakh price range.
In an interview to MoneyControl, Rajiv Bajaj, Managing Director, Bajaj Auto said, "We would like to introduce more and more products in the Dominar range, in the Rs 1-2 lakh price range. We have some very active plans for this and in the next 2-3 months we should be able to make some important announcement on this." Bajaj added, "(New launches) could be in the Dominar brand, KTM brand or it could be a new brand."
That's not all. Rajiv Bajaj also revealed that the company will also look to refresh their Pulsar and Avenger range.
Bajaj said, "There is going to be action in the existing brands. There will be lots of action this year and next. So definitely the Pulsar and Avenger brands are very important for us and there will be more attention there to increase the business of both the brands."
The overall automobile sales in India rose marginally in February signalling revival in the industry that was hit hard by the currency pullback in November last year. According to SIAM, total two-wheeler sales in February declined marginally to 13,62,045 units compared to 13,62,177 in the year-earlier month. The figure for motorcycles last month read 8,32,697 units as against 8,59,582 a year earlier, down 3.13 per cent. Hero MotoCorp's scooter sales came in at 61,732 units compared to 88,156 in February 2016, down 29.97 per cent.
Source : India Today