Honda debuts new bike 'Dream Neo' targeting Hero’s Splendor
Honda
Motorcycle and Scooter India, country's second-largest two-wheeler
company, launched a new 110cc motorcycle, the Dream Neo, targeting its
rival Hero MotoCorp's largest selling model, Splendor.
Honda's second bike in the Dream series, Neo would be priced at Rs 43,150 (ex-showroom Delhi), making it the company's cheapest twowheeler model sold in the country. The company aims to sell three-lakh units of Neo in the current fiscal, and around 8 lakh bikes under its Dream badge in the same period.
Honda Motorcycle & Scooter India president & CEO Keita Muramatsu said, "We have developed this affordable bike keeping in mind the Indian customers. It is also the most fuel efficient motorcycle at 74 km/litre in the country. The bike would be our answer and next big leap in the Indian commuter segment that forms over 50% of the bike market."
Honda's Neo would be directly pit ted against its erstwhile two-wheeler jointventure partner, Hero MotoCorp's Splendor, which remains India's largest-selling bike with an average monthly sales of around 2.5 lakh units. The Splendor range starts from Rs 42,250 (exshowroom Delhi).
The company has launched several new features in the bike to take on Splendor. Honda's second mass market model Neo, comes with maintenance-free battery, high ground clearance of 179mm along with six-spoke alloy wheels and drum brakes with additional option of front disc brake on the top end variant.
The Dream Neo is offered in 6 dual tone colours. It features the same 110cc, air-cooled, 4-stroke engine from the Dream Yuga model, that produces 8.25 BHP of raw power at 7500 rpm. The company is strengthening its marketing setup to increase its penetration in India with the debut of its high volume models. It also plans to expand its sales outlets to about 2,500 by end of this fiscal.
Honda raises price of its entire range
Honda Motorcycle & Scooter India on Wednesday said it has raised the prices of its entire range of two-wheelers by up to Rs 800, mainly to offset the impact of hike in diesel rates. Post-hike, Dio, Activa and Aviator are priced between Rs 44,718 and Rs 53,547.
Bajaj hikes prices by up to Rs 500
Bajaj Auto on Wednesday said it has raised the prices of its entire range of motorcycles by up to Rs 500 due to rise in logistics and other expenditures. According to the company's official website, its entrylevel bike Platina is currently available at Rs 39,293.
Honda's second bike in the Dream series, Neo would be priced at Rs 43,150 (ex-showroom Delhi), making it the company's cheapest twowheeler model sold in the country. The company aims to sell three-lakh units of Neo in the current fiscal, and around 8 lakh bikes under its Dream badge in the same period.
Honda Motorcycle & Scooter India president & CEO Keita Muramatsu said, "We have developed this affordable bike keeping in mind the Indian customers. It is also the most fuel efficient motorcycle at 74 km/litre in the country. The bike would be our answer and next big leap in the Indian commuter segment that forms over 50% of the bike market."
Honda's Neo would be directly pit ted against its erstwhile two-wheeler jointventure partner, Hero MotoCorp's Splendor, which remains India's largest-selling bike with an average monthly sales of around 2.5 lakh units. The Splendor range starts from Rs 42,250 (exshowroom Delhi).
The company has launched several new features in the bike to take on Splendor. Honda's second mass market model Neo, comes with maintenance-free battery, high ground clearance of 179mm along with six-spoke alloy wheels and drum brakes with additional option of front disc brake on the top end variant.
The Dream Neo is offered in 6 dual tone colours. It features the same 110cc, air-cooled, 4-stroke engine from the Dream Yuga model, that produces 8.25 BHP of raw power at 7500 rpm. The company is strengthening its marketing setup to increase its penetration in India with the debut of its high volume models. It also plans to expand its sales outlets to about 2,500 by end of this fiscal.
Honda raises price of its entire range
Honda Motorcycle & Scooter India on Wednesday said it has raised the prices of its entire range of two-wheelers by up to Rs 800, mainly to offset the impact of hike in diesel rates. Post-hike, Dio, Activa and Aviator are priced between Rs 44,718 and Rs 53,547.
Bajaj hikes prices by up to Rs 500
Bajaj Auto on Wednesday said it has raised the prices of its entire range of motorcycles by up to Rs 500 due to rise in logistics and other expenditures. According to the company's official website, its entrylevel bike Platina is currently available at Rs 39,293.
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