New Delhi: Triumph Motorcycles has an aggressive product pipeline for India market in the next six months with nine new bike models, including some special editions, slated for launch as the British premium bike maker looks to consolidate its position further in the niche space, a top company executive has said.
Triumph India is hopeful of growing by 20-25 per cent in its current fiscal year, though it may see almost flat sales growth in calendar year 2020 on account of zero business in the first few months of the pandemic.
Triumph India has 16 motorcycles in its portfolio ranging from modern classics to adventure motorcycles, including the iconic Rocket 3R and the recently launched Rocket 3GT.
“We are planning to launch nine new models from January to June, which will include some special editions in our current product range. This will be for the first time that we will be adding special editions in our product portfolio here. And, of course, some of the current products will also go with the regular refresh,” Shoeb Farooq, Business Head, Triumph Motorcycles India, told PTI in an interaction.
These motorcycle models include the Trident 660 and new Tiger 850 Sport, which will be adding volumes in the company”s overall sales kitty, he said, adding that the company is going to address a completely new segment of the industry.
“So all this put together, we are going to have a very very busy six months from January onwards and somewhere in June we will have a completely new range and much larger portfolio to customers,” he added.
The overall premium motorcycle segment has de-grown by around 35-38 per cent in the last 12 months, in line with the rest of industry, he said, adding that people generally tend to defer decisions on purchasing luxury products when the economy is under stress.
