Will expand its product range and dealership network this year.
British motorcycle manufacturer Triumph aspires to sell 2,500 units of its high-end bikes a year in India, in a period of three years, the company's managing director, Vimal Sumbly, said yesterday, as per a PTI report.
While launching two new models in the capital - Tiger 800 XCx and XRx - he announced plans to develop India as a large market by expanding its dealership network in three to four years to 20-24 outlets. As of now, the company's presence is in 9 cities.
Triumph Motorcycles entered the country last year and currently sells Tiger, Bonneville, Thruxton, Speed Triple, Daytona, Thunderbird, and Rocket ranges of bikes across Classic, Roadsters, Adventure, Cruisers and Super Sports categories.
A total of 12 products spanning from INR 5.99 lakh to INR 21.29 lakh (ex-showroom prices) compete with offerings from Harley Davidson, Ducati, Kawasaki and Suzuki in the top-end motorcycle market.
The director also said that a new product in the Tiger range will be launched shortly and would cost INR 10.50 lakh, adds the report. Triumph imports its products as CKD units and assembles them at its Manesar plant in Haryana.