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Honda’s Dream Neo bike launched at Rs. 43,150
Honda Motorcycle & Scooter India, the country's second largest two-wheeler maker, has launched its new entry level Dream Neo 110 cc motorcycle in the domestic market. The Honda Dream Neo carries an introductory price tag of Rs. 43,150 (in the ex-showrooms of New Delhi), which makes it the company’s cheapest offering in the country.
Honda’s Dream Neo bike launched at Rs. 43,150
The new Dream Neo entry level bike is
pitched against Honda’s arch rival- Hero MotoCorp’s Splendor motorcycle
in the Indian two-wheeler market. Being company’s second offering in the
Dream series, this 110 cc bike would be looking at upping the ante
against Splendor, which remains the best selling model in the segment,
at present. As per reports, Honda Motorcycle & Scooter India is
targeting sales of 3 lakh units of its Dream Neo during the ongoing
2013-14 fiscal, along with sales close to 8 lakh units of its Dream
range in the same period. The company is also working on increasing the
number of its dealerships in India to about 2,500, by end of current
fiscal.
Speaking his mind on the
launch of Dream Neo 110 cc bike, Keita Muramatsu, President and Chief
Executive Officer, Honda Motorcycle & Scooter India, was quoted as
saying, “We have developed this affordable bike keeping in mind the
Indian customers. It is also the most fuel efficient motorcycle at 74
km/litre in the country. The bike would be our answer and next big leap
in the Indian commuter segment that forms over 50 per cent of the bike
market.”
Coming to the engine
specification of Honda Dream Neo, the entry level bike is powered by the
same 110 cc, 4-stroke, air-cooled motor borrowed from its Dream Yuga
sibling. This 110 cc engine develops 8.25 bhp of peak power at 7,500
rpm. The company has claimed that the new bike delivers a class-leading
fuel efficiency of 74 kmpl. Further, the new Honda Dream Neo is offered
in 6 dual tone colour options, and comes trimmed with maintenance-free
battery, six-spoke alloy wheels and front disc brakes.
At
present, Hero MotoCorp’s Splendor remains the best selling bike in the
Indian two-wheeler market, with average monthly sales of more than 2.5
lakh units. Therefore, Honda Dream Neo has a big mountain to climb, if
it aspires to dislodge Splendor from the top of best selling charts. The
Hero Splendor entry level is offered to domestic audience at a price
tag of Rs. 42,250 (ex-showroom New Delhi).
Source:http://www.cartrade.com
Source:http://www.cartrade.com
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