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Japanese motorcycle company Kawasaki is planning to introduce at least two more models this year and three more models by next financial year adding to its already strong portfolio.
Shigeto Nishikawa, Deputy Managing Director of India Kawasaki Motors Pvt Ltd, said the company accounts for a market share of about 10 per cent in a market that sells about 9,000 to 10,000 units per annum and growing at about 20 per cent year-on-year.
“We are looking at taking this share up to 20 per cent within couple of years as we introduce more models and expand our network,” he told BusinessLine .
Nishikawa was in Hyderabad to announce the opening of its dealership in Hyderabad, its eighth in the country for high-end bikes. The price range starts from about Rs 7 lakh and go up to Rs 29 lakh ex-showroom.
The Japanese company offers four models below 650 cc and seven models which are completely built units.
Nishikawa said: “The market for such super bikes is slowly growing in India as income levels go up. Therefore, there have been a number of offerings from several other manufacturers such as Harley Davidson, Indian, and Triumph. The more the number of players and models, it is good for the consumer, who gets more choices and the market also grows.”
Asked if they are looking at introduction of more models in the entry segment, he said, “We are evaluating various opportunities and would bring products that the market demands.”
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