India is the second largest motorcycle market in the world and it continues to grow and British motorcycle manufacturer Triumph plans to launch its bikes in the country later this year, and will be setting up a factory at Narasapur, near the city of Bangalore that should be up in running by 2015.
Initially Triumph will be assembling CKD (completely knocked-down) kits of existing models like the Bonneville, Street Triple 675, Daytona 675 and the Speed Triple 1050 from their other factories and sending them to India, in order to avoid the extremely high import duties that the country applies, while they work on opening dealerships first in Delhi, Mumbai and Bangalore, and then expand to twelve dealerships throughout the continent over three years.
According to some very strong rumors, Triumph is already developing a a 250cc single-cylinder bike (according to some with a liquid cooled engine) at a special R&D facility that they already have in India, which is expected to hit the markets in 2014 and to try to go up against Honda’s CBR250R, Kawasaki’s 250R and KTM’s 200 Duke.
Due to the immense Indian market and its booming economy, Triumph expects to make between 300,000 and 500,000 in India, almost ten times its current global production, while they currently manufacture about 50,000 bikes a year between its factories in the U.K. and Thailand.
Triumph CEO Nick Bloor said of the firm’s investment over there: “India is a very important motorcycle market and Triumph has assessed it carefully before deciding to invest. We see it as the next step in our global business model and this week’s visit will, I hope, help us to foster further relationships with local businesses to allow us to progress our plans within the Indian market.”
Triumph was one of the over 100 companies that accompanied Prime Minister David Cameron on a trade mission to India earlier this week.