"We plan to achieve a sale of one million units in the current fiscal and the launch of this new bike will help us in materialising this target," HMSI Pvt Ltd Divisional Head (Sales and Marketing) N K Rattan said in New Delhi.
"We plan to sell 80,000 units of the new bike, CBF Stunner, in this fiscal," he added.
The company had recorded sales of 9.07 lakh units in the previous fiscal.
In the current fiscal year, the firm targets to sell three lakh motorcycles and seven lakh scooters, he added.
HMSI had earlier announced to set up a new manufacturing facility, but it has now decided to go slow on this front.
"Currently, our production capacity is of 1.2 million units, but it can be stretched up to 1.35 million units. So we can avail of this facility for the next 2-3 years. As of now, we do not have any plans to set up a new facility," he said.
Besides the new bike, the company plans to launch two new models this year.
"There will be one or two more new launches in this financial year. We also expect our bikes above the 800 cc category to launch in FY'09, which will be priced above Rs 10 lakh," Rattan said.
The company would import these high performance bikes as a completely built unit, he added.