Leading domestic two-wheeler makers like Hero MotoCorp, Honda Motorcycle & Scooter India and Bajaj Auto are set to launch nearly a dozen mid-weight bikes over the next few months, challenging the dominance of Eicher Motors’ Royal Enfield Classic and Bullet which have been long-time favourites on Indian roads.
Also on the cards are the next generation KTM 390 Duke from the house of Bajaj, Aprilia RS 440, Yamaha MT-03 and YZF-R3.
While demand for entry bikes has remained subdued amid weak consumer sentiment in rural markets, that for premium bikes has witnessed strong recovery among the young after the pandemic, with aspirational buyers looking at purchasing two-wheelers not just for daily commute but the whole experience of motorcycling, which includes rides, community, merchandise, accessories and connected technologies. This is prompting two-wheeler makers into action in this category, said industry stakeholders.
Sales of motorcycles with engine capacities ranging from 250cc to 750 cc, in fact, increased by 38% last fiscal, more than double of the overall two-wheeler category, shows data available with industry body Society of Indian Automobile Manufacturers (SIAM).
“If you look at the mid-weight category, 250cc to 750cc category globally, half of it is India…If we weren’t around, it wouldn’t have sort of come around because we have 90% of that market,” Lal said. “And we’ve created that market from scratch pretty much.”
To this end, Royal Enfield plans to launch four new products, including the RE Himalayan 450 Roadster and RE Shotgun 650, in the ongoing financial year, said industry sources.
The Harley Davidson X440, to be manufactured in India by Hero MotoCorp, is the first of a range of products the duo plan to co-develop to expand footprint in the performance bike segment.
Gupta declined to share the specifics of products the company is planning in the premium segment, but said, “There will be big launches that will then ensure that we can build the right premium portfolio and get our market share on that.”
Vimal Sumbly, head business (premium) at TVS Motor Company, said premiumisation is a “key pillar” for growth at TVS Motor. “As affluence grows, latent aspiration drives the need to stand out while being part of a like-minded community,” Sumbly said, adding, the company is working on continuous product interventions, introduction of first-in-segment technologies, unique customer experiences, engaged community to step up its play at the upper end of the market.
TVS Motor has just one offering in the midsize segment–Apache RR 310. The company is in the process of developing common platforms leveraging emerging technologies with partner BMW Motorrad. The first vehicle on this is scheduled to be unveiled later this year.
As many as 791,878 motorcycles with engine capacities in the 250-750 cc were sold in the local market last fiscal, compared with 574,675 units in the previous fiscal.
