British luxurious two-wheeler maker Triumph has set its sight to an elevated market share within the area of interest two-wheeler section in India within the subsequent one 12 months. The firm is eyeing a 3 per cent rise in a 12 months, which is able to take its market share to 25 per cent from 23 per cent at current.
Having bought a “little more” than 1,200 items within the final 12 months, Triumph Motorcycles India has seen a 30 per cent development, stated an official.
Shoeb Farooq, Business Head, Triumph Motorcycles India stated, “We are at a healthy spot right now, and hope to clock a growth of 25-30 per cent in the next one year, selling around 1,500 units.”
Farooq stated that the Covid-19 pandemic has slowed down the expansion of the premium section within the nation in the previous few years because the gross sales had been affected.
“The positive news that is coming out is that the industry segment just below ours (the 250-500cc category) is doing pretty well, registering sales of over 100,000 motorcycles per annum. This is good news for us as consumers are likely to graduate to the next segment of 500cc and above from here on,” he added.
“We passed the portion of the rising commodity and logistics costs to customers in the last 6 months, effecting a price hike of around 2 per cent across all categories. There is likely to be a marginal rise in August too, though the exact amount is yet to be decided”, he concluded.
(Inputs from PTI).
Source: www.financialexpress.com”