Honda reduces 2-wheeler prices due to reduction in excise duty

As a result of 4% reduction in excise duty of two-wheelers with reference to the Interim Budget 2014-15, Honda Motorcycle & Scooter India (HMSI) decided to give the entire benefit to customers by reducing its products’ prices by up to Rs. 7,600.

The minimum reduction served by the company is Rs. 1,600 on Dream Neo motorcycle, which is offered at a cost between Rs. 43,150 and Rs. 47,289. Its maximum price cut, Rs. 7,600, is given on CBR 250R performance bike which is priced between Rs. 1.58 lakh and Rs. 1.93 lakh.
According to the budget, the reduction in excise duty is applicable on motorcycles, small cars, scooters and commercial vehicles, which is 8% in comparison to 12%, before. On SUVs, it has been cut down from 30% to 24 %. While large cars witnessed reduction from 27% to 24%, mid-sized cars faced the reduction from 24 % to 20%. 

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Used bikes –boon to India’s automobile sector

Eye on Used Vehicle Market in India

Indian used vehicle market is expected to hot up with a lot of rank 1 brand proactively lining up their used assets in the said market. Leading brands of both cars and bikes have unveiled plans to expand in the segment.

The trend also shows that more first time drivers are looking to buying a used car and more first-hand car owners are in plans to exchange their assets within four to five years' time. Also, used vehicle market is expected to grow with many original equipment manufacturers launching their used car ventures.

With the flourish of the market for used cars and used bikes, a daunting apprehension has also been growing regarding the authenticity of the assets. Hence it becomes equally important to be knowledgeable enough about the vehicle that you are attempting to buy. A proper pre-purchase inspection is hence required.

While inspecting a used car or pre-owned bike get to your appointment 20 minutes early. The early bid not only catches the worm it might catch the seller polishing the get up like adding fluids etc. to make an engine or transmission run smoother, thereby making the asset convincing enough for selling.

More than believing on the story tellers in this particular segment of market for second hand cars and bikes, you must inspect your selected asset and must not opt for it in case of even a fraction of doubt related to the same.

Shriram Automall India Limited (SAMIL) offers the most transparent platforms to appease the customer’s comfort. Innovative, practical business platforms like Physical Bidding, Online Bidding, Private Treaty and Shriram One Stop, implemented with high operational integrities have been the core driving strategies in a competitive market scenario.

Other than addressing the segment of used bikes online and used cars, Shriram Automall has been ever active in terms of promoting its services and benefits in transaction of construction equipment, commercial vehicles and farm equipment as well. Regular consorted promotional initiatives keep the customers and clients updated about SAMIL’s offers and services. 

Used Bikes in India

Commuter bikes and motorcycles have seen a lot of growth in the recent years. Gone are the days when a bike as basic as the Hero Honda Splendor would vindictively dominate the segment. The winds of change has brought along with it a demand for added features, improved styling and a certain inclination towards technology and performance over and above the must haves like efficiency and comfort. Aspirants with less a budget and in ardent need, have no other way than to incline toward used bikes and commuter motorcycles.

Market for used bikes

And as much as the argument may exist that the two wheeler industry is gradually moving to a higher displacement, market for used bikes continues to bring majority sales for all two-wheeler manufacturers in India. Although style is a very relative term and hasn’t quite been the priority in the past, there’s no denying the fact that in today’s day and age it is the need of the hour. Having said that, in case of used bikes, whether or not it takes preference over practicality is indeed debatable. But to say in the simplest, a fair amalgamation of both is the safest way of playing your cards.

Shriram Automall to serve the market for used bikes

Shriram Automall India Limited (SAMIL) assists in deciding the best of bikes, depending upon our concerns. SAMIL puts forth the most professional bidding platforms for buying and selling of pre-owned bikes and two wheelers. SAMIL has evolved as a pioneer in providing consolidated services to two wheelers to address the buyers and sellers of the said segment. The first of its kind initiative, SAMIL offers a plethora of services under a single roof. Right from providing bidding platforms, arranging private treaty, to services like repairs & refurbishment, finance and documentation, SAMIL takes care of all the nitty-gritty details related to the buying and selling of used bikes and used three wheelers..

Kawasaki Ninja ZX-10R,ZX-14R may be launched next month in India

Kawasaki may launch their two super-sport motorcycles in India, the ZX-10R and the ZX0-14R by this September, reports Overdrive. There have not been any official announcement in this regard, but expect the ZX-10R and the ZX-14R to be launched in India through completely-built-up (CBU) route with a price tag of around Rs 15 lakh and Rs 17 lakh respectively.

It is likely that both of the motorcycles will be sold through Bajaj’s Pro-Biking dealership which previously had the Kawasaki branding and now replaced with its Austrian company, KTM. Bajaj Auto was planning to launch the Kawasaki ZX-10R in India few years back but Kawasaki was against the Indian authorities’ rule of the number plate on the front and the saree guard. Indian authorities expected the front number plate to be placed on the visor, however Kawasaki objected it as they feared at high speeds the plate might come off and hit the rider which might result in a crash. The low volumes and high operating costs also might have resulted in this decision. However, looks like the company has finally realised the potential of premium motorcycle growth in India looking at Harley Davidson’s sales numbers.

The Kawasaki Ninja ZX-10R is Japanese company’s flagship model and is powered by a 998cc inline-four liquid cooled engine that develops 197PS and is mated to six-speed gearbox. The motorcycle features the S-KTRC (Sport-Kawasaki Traction Control) system making this machine a perfect track tool.

The Ninja ZX-14R on the other hand is one of the fastest production motorcycles in the world and is powered by 1441cc inline-four liquid cooled engine. It is sold in the American market with the optional ABS, but we are not sure if the company will launch this variant in India.

Source: Bikewale

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Sameer Malhotra