The recently launched CB300FHonda is preparing 4 new models, including a 300-350cc bike and a 160cc bike, all of which will go on sale in about a year
India’s second largest manufacturer of two-wheelers, Honda Motorcycle and Scooter India (HMSI), is preparing no less than 4 new models for launch in the country. The interesting thing is that all 4 products will go on sale in about a year.
Models include 300-350cc motorcycle, 160cc motorcycle, 125cc scooter and 100-110cc commuter motorcycle. Sources said the Japanese manufacturer is currently in the process of adopting OBD 2 requirements that will go live for the models in April 2023.
According to SIAM, between April and July 2022, Honda had a 27 percent market share in the domestic market, while its main competitor Hero had 34 percent. However, the gap between the 2 narrowed to just 2 percent last month.
Honda is looking at a commuter bike that will compete against Hero’s Splendor and HF series of small bikes. The commuter segment has a monthly sales volume of a whopping 3.5 lakh units and only Hero has an 80 percent market share in that segment.
With the chip shortage easing, Honda is looking to capitalize on the opportunity in production. The oldest factory in Manesar will be the center for the production of first-class bicycles from 160 cc displacement.
Honda gears up to launch a 125cc scooter
Currently, 8 premium motorcycles are assembled at the facility and peak production can reach up to 4 lakh units if required. The company is planning a production run from the upcoming holiday season, when demand picks up.
Finally, the Japanese maker is also quietly working on its first electric 2-wheeler. But, sources said, the launch is still a while away. The company is almost done with the feasibility study and is on the way to developing the product.