Ducati drives in 959 Panigale Corse at Rs 15.2 lakh
New Delhi: Italian super bike maker Ducati Tuesday launched the 959 Panigale Corse in India priced at Rs 15.2 lakh (ex-showroom). The model coming to India is a special edition, sporting a dedicated livery inspired by the Ducati Corse MotoGP colours, the company said in a statement. “The 959 Panigale embodies absolute excellence through the advanced electronics package that inspires confidence and allows riders to explore the limit,” Ducati India Managing Director Sergi Canovas said. The bike comes with a 955-cc engine which generates a power of 157 HP of power. It comes with an electronics package, including latest ABS from Bosch, Ducati traction control (DTC), Ducati quick shift (DQS), engine brake control (EBC) and ride-by-wire (RbW). It also features three riding modes -- Race, Sport and Wet.
Triumph plans network expansion in India
New Delhi: British superbike brand Triumph Motorcycles plans to introduce in India around six products, a mix of new models and upgrades of current bikes, by June next year, a top company official said Tuesday. The company, which sells superbikes priced between Rs 7.7-22 lakh in the country, also aims to expand its sales network from the current 16 dealerships to 25 over the next 3-4 years with an aim to reach smaller towns as well. “Before June 2019, we plan to launch six products. It would be a mix of new and facelifts of the current models,” Triumph Motorcycles (India) General Manager Shoeb Farooq told PTI. Triumph Motorcycles (India), which follows July-June financial year, sells 13 models, including variants, in the Indian market. It gets 65-70 per cent of its sales from top 20 cities of the country although its customer footprint spreads across 400 cities and towns across India. Among the new launches, Triumph plans to drive in 1,200 cc Triumph Scrambler, which will make global debut in October, into the Indian market in January next year. Elaborating on the sales growth target during the current fiscal, Farooq said the company expects to grow in the range of 10-12 per cent. “In the last five years, the premium motorcycle segment (500 cc and upwards) has been growing at a CAGR of 20 per cent as compared to around 6-7 per cent for the normal two-wheelers. For Triumph, the growth has been at 47 per cent in the last five years,” he added. The premium segment industry is around 7,500 units a year and Triumph had about 20 per cent market share last fiscal. Bullish on the growth prospects, Farooq said in the next four to five years, the industry is expected to grow at 10-15 per cent touching a size of around 13,000 units a year. “We (Triumph) should be doing not less than 2,000 units per year,” he added. On the potential for growth from smaller cities and towns, he said: “Today, Triumph has customer footprints in 400 cities and towns across India but around 60 per cent of the sales comes from the top 20 cities.”
