The Economic Times of India reports that motorcycle maker Hero Honda Motors Ltd (HHML) has decided to launch a 250-cc bike in April which is to be imported through the CBU route from Honda.
The report says that the company had earlier planned to launch an ‘indigenously-developed 200-cc bike’ in the first quarter of 2003. The report adds that the company is also believed to have put on hold its plans for setting up a third plant.
Currently, HHML has two plants, at Dharuhera and Gurgaon, both in Haryana, with a total capacity of 1.9 million. A third plant could be located near one of the existing plants though it is not clear which one.
The Economic Times says that the 250-cc super sports bike is expected to showcase the technological capabilities of the company.
The paper adds that while HHML dominates the motorcycle segment, its market share has declined from 50% in the first quarter of the fiscal year to 43% in the third quarter.