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The race for buying the auto maker Scooters India has become intense. The new players M&M and Atul Auto have joined the race along with Tata motors and Piaggio. Scooters India is a public sector unit based in Lucknow.
According to sources in the Heavy Industries Ministry all the four suitors have expressed their interest in buying majority 74% stake in Scooters India. However , the companies will give the formal Expression of Interest (EoI) only after the Cabinet approval. Buying a majority stake in the company will enable a company to explore the fast growing scooter segment in the north Indian states.
Two-wheeler maker Suzuki India has launched its bike Slingshot 125cc motorcycle in India. The styling of the bike is inspired by Suzuki’s international line of high-performance motorcycles. It is equipped with a 125cc air-cooled single-cylinder type.
Slingshot 125cc has a Suzuki Pulsed-secondary AIR-injection system to cut down on emissions. It also has sharp-looking alloys. Based on the platform of the old 125cc Heat/Zeus motorcycles , the bike will be available in four colours. Slingshot 125cc is priced at Rs. 50 , 949 (on-road price , Mumbai) for Drum brake/Spoke wheels version while Drum/Alloy version will be sold at Rs. 52 , 998 (on-road , Mumbai).
The two-wheeler maker Yamaha has launched three new bikes in India. These include SZ , SZ-X and YBR125. Unveiled by Yamaha brand Ambassador John Abraham , the bikes are priced between Rs 47 , 000 and Rs 52 , 000 a unit. SZ and SZ-X are powered by a 153cc engine , while YBR125 is equipped with a 123cc engine.
"The launch of these three bikes are in line with Yamaha's true commitment to provide world class product to its customers. We are confident that these bikes will capture the imagination of the whole generation of bikers who are looking for something extra , " said Yukimine Tsuji , CEO and Managing Director , India Yamaha Motors.
India's leading two-wheeler maker Hero Honda is planning to set up a new manufacturing unit in Himachal Pradesh. The manufacturing unit will have an outlay of Rs.2 , 200 crores , according to Kishan Kapoor , Industries Minister of Himachal Pradesh. A team of officials of Hero Honda had visited the state in June this year to finalize the land. According to Kishan Kapoor , the state government is awaiting a formal investment proposal from the company.
Hero Honda seems to have identified 1 , 500 bighas of land near Nalagarh town in Solan district for the purpose. “It is private land and the company on its own has identified it , ” added Kishan. The company already has three manufacturing units in Gurgaon , Haryana , and Haridwar.
Honda Motorcycle and Scooter India has launched its new super bike VFR1200F in India. The bike , powered by a 1237 cc V4 engine , is priced at Rs 17.5 lakh in Delhi.
"This fun bike is manufactured at the Honda's most advanced facility and the mother plant of global motorcycles - the Kumamoto factory in Japan. VFR1200F is a concept driven by extensive customer needs , " said Shinji Aoyama , President and CEO , Honda Motorcycle & Scooter India. “VFR is the combination of sports and touring capabilities. It is also a high 'fun' quotient bike. This concept is driven by advanced customer needs and adaptation of state-of-the-art technologies , ” said Aoyama.
VFR1200F is Honda's third sports bike in India after CB1000R and CBR1000RR Fireblade. The bike will be available in the Indian market after August 16 2010. The bike is expected to give a mileage of 15.9 km a litre.