Triumph Motorcycles is eyeing 15 per cent of market share in the 500cc and above category and also plans to have 13 dealerships by the end of FY 15 to support its services.
“We are looking at 15 per cent of market share in the 500-cc and above bike category. It comes out to be 1,500 units as the overall market is expected to touch 10,000 units by the end of 2014,” said Triumph Motorcycles Managing Director Vimal Sumbly.The UK-based iconic superbikes maker on Thursday expanded product portfolio in the country with the launch of 1,700-cc cruiser bike Thunderbird lT at Rs 15.75 lakh (ex-showroom Delhi) .
“With this addition Triumph Motorcycles will now offer three motorcycles for consumers interested in the cruiser segment,” Sumbly said.
Talking more about Indian market Sumbly said that given the kind of response, Triumph will be in a position for more CKD products in time to come. “ Out of the total 12 products, we assemble locally 7 products and by next year we will be assembling two more products locally and to pass on the benefit to the customer,” he added.
When asked about exapnsion or its dealerships, Sumbly said: “We have eight dealerships currently. Two more at Chandigarh and Kolkata will open by mid-October followed by Jaipur and Indore by the end of this year.”
The company aims to have 13 dealerships in the country by the end of FY 15.Triumph Motorcycles, which is present in India via a wholly-owned subsidiary, also plans to open dealership in Nepal next year as it expects the market for super bikes to grow in the neighbouring country.“We plan to open a dealership in Nepal before March next year. We expect to sell 100-125 units in the market starting next year,” Sumbly said
Triumph is the largest British motorcycle manufacturer and has more than 740 dealers across the world.