Join BikersUnite Submit your own news & stories easily at 'Submit Story' above.
Suzuki Motorcycles India (SMI), a fully-owned subsidiary of Japanese major Suzuki Motor Corporation, plans to increase its capacity to 1.25 lakh units at its Gurgaon plant by next year with an additional investment of Rs 150 crore.
The company launched a new scooter Access in the 125 cc segment on Monday and plans to introduce other models at regular internals to offer a complete bouquet of products in the two wheeler market by 2010. SMI MD Satya Sheel told ET: “We are a fringe player yet and don’t have the entire product line to match other big two-wheeler makers like Hero Honda and Bajaj Auto.
We will be launching many Indian specific products including 150 cc bikes in next three year to harness the potential of the Indian market. Our plant capacity could be ramped up to a million units if required.â€
The company plans to grab 4% market share (3.5 lakh units) by 2010 from 63,534 units. SMI had invested Rs 350 crore at its Indian facility and produces two bikes Heat and Zeus in the 125 cc segment. The launch of Access marks its foray into the scooter category. The scooter has been integrated with Suzuki’s Xtra Torque Performance technology and has a central locking system with a unique shutter mechanism from a single control point to avoid theft.
Discuss Add this link to... Kill Story
Comments