1. Triumph Motorcycles eyes sales of 1,400 units in FY17

Triumph Motorcycles eyes sales of 1,400 units in FY17

Iconic British premium motorcycle maker Triumph plans to double sales in India, besides increasing the number of models assembled at its India factory, a top official said today.

By: | Chennai | Published: October 25, 2016 5:29 PM

 

The company, which entered the Indian market in November 2013, sold about 3,300 units. Last year, it sold about 1,200 units, he said. (Reuters) The company, which entered the Indian market in November 2013, sold about 3,300 units. Last year, it sold about 1,200 units, he said. (Reuters)

Iconic British premium motorcycle maker Triumph plans to double sales in India, besides increasing the number of models assembled at its India factory, a top official said today.

“In the first half of this year, that is between April and September period, we sold about 659 units. We hope to sell around 1,300-1,400 units this year”, Triumph Motorcycles Ltd., Managing Director, Vimal Sumbly told reporters after unveiling the new-generation Bonneville T100 here.

The company, which entered the Indian market in November 2013, sold about 3,300 units. Last year, it sold about 1,200 units, he said.

Triumph Motorcycles currently sells about 16 models across various categories, he said, adding a few models were assembled at its Manesar unit in Haryana.

“We are assembling some of our models. About 40 per cent is CKD (Completely Knocked Down) units. We have enough capacity there. Our plan is to increase the models in the Classic series. That is the plan”, he said, but declined to elaborate.

Triumph has 14 dealerships across the country and about 55 per cent of its products sold in India are financed through banks.

“Our plan is to increase the dealership to 25 by 2020”, he said, adding currently some of the products are sourced from the United Kingdom and Thailand.

Triumph Motorcycles has manufacturing facilities in the United Kingdom, Thailand and assembly units in Brazil and India.

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