Triumph Motorcycles India eyes 10 per cent growth

The company follows June-July as financial year and expects to sell 1,300 units by May, Triumph Motorcycles India managing director Vimal Sumbly said here. “We are expecting to sell around 1,300 units. For the next financial ‘18-’19, we are looking at 10 per cent growth” he said.

Sumbly and senior company officials were here for unveiling new-generation classic cruiser 1200cc Bonneville Speedmaster priced at Rs 11.11 lakh (ex-showroom Chennai). 

The company currently has 15 outlets across the country and would be opening the 16th in Mangaluru later this week, he said. Responding to a query, he said, in the last four years, the overall motorcycle sales grew by two percent while Triumph Motorcycles posted 63 percent growth with majority of sales contributing from Classic range.

The company has tied up with private sector HDFC Bank to offer financial schemes which cover 75 percent of the customers. Stating that the company would be rolling out various new models in the next financial year, he said 90 percent of the motorcycles were “assembled” at the company’s factory in Manesar, Haryana.

The company has several models with prices ranging from Rs 7.05 lakh to Rs 23 lakh (ex-showroom Chennai), he added. To a query, Sumbly said, the company plans to have 25 retail outlets in next two-three years across the country.