Honda to launch two new motorcycles by second quarter

New Delhi/Tokyo, May 13 (IANS) Two-wheeler manufacturer Honda Motorcycle and Scooter India (HMSI) will launch two new motorcycles in the second quarter (July-September) of fiscal 2014-15.

The company made the announcement Tuesday at its 13th annual business meet held in Japan with over 900 business partners, including dealers, distributors, transporters, stockists and Honda associates from India.

According to the company, while the first motorcycle shall be the latest addition to the Dream series as Honda's most affordable motorcycle in India, the second will be a sporty 160cc high displacement motorcycle.

"Sustaining its superior growth, HMSI has set the challenging target of 45 lakh unit sales in 2014-15," said Keita Muramatsu, president and chief executive, HMSI.

The company added that it will add 1,000 new touch-points to its network, thereby doubling its network in two years from 1,950 outlets in 2012-13 to 3,800 outlets by end of 2014-15.

The company parted with its erstwhile Indian partner Hero in 2011.