Now Honda is preparing to bring a new bike to strengthen its grip in rural areas. The most important thing is that this Honda bike will be very cheap.
Honda occupies number 1 in scooter segment
Preparations to bring new bikes to rural areas
The price of the bike will be less than 60 thousand rupees
Honda two-wheelers have a strong hold in the Indian market. Scooter segment is occupied by No.1. Now the company is preparing to bring a new bike to strengthen its grip in rural areas. The most important thing is that this Honda bike will be very cheap.
Honda Motorcycle and Scooter India (HMSI) hopes that this bike will strengthen the company’s claim at the entry level. Apart from this, Honda also wants to increase its bike portfolio in the country. The company is now preparing to target rural and urban customers with different products.
Honda dominates in scooter segment
Honda continues to dominate the scooter segment due to products like Activa and Deo. According to the report, the new bike that the company is thinking of bringing to the rural areas, its price can be less than 60 thousand rupees.
Actually, Honda’s new bike will be the entry level. Which will be below its CD110 range. Currently, Honda’s cheapest bike in the market is the CD110, whose ex-showroom price in Delhi is Rs 64,505.
Let us know, Honda’s new bike will compete with Hero Splendor, TVS Radeon, Bajaj CT100 and TVS Victor. Although the company has not told how long this bike will be launched in the market. But the company has indicated that it will not take much time.