200-800 cc motorcycles to be priced from sub Rs 2 L: Bajaj-Triumph

200-800 cc motorcycles to be priced from sub Rs 2 L: Bajaj-Triumph

The bikes produced under the brand will be available from 2022 and will have price starting at less than Rs 2 lakh, Triumph Motorcycles Chief Commercial Officer Paul Stroud said.

AgenciesUpdated: Saturday, January 25, 2020, 04:36 AM IST
article-image
Bajaj Auto MD Rajiv Bajaj (left) with Triumph Motorcycles CEO Nick Bloor announce the start of the Bajaj-Triumph partnership in Pune, India, on Friday. | Bajaj Auto

Bajaj Auto and iconic British motorcycle brand Triumph formally commenced their non-equity global partnership to manufacture a new range of mid-capacity motorcycles in the country.

The two automakers had announced a non-equity partnership in August 2017.

The bikes produced under the brand will be available from 2022 and will have price starting at less than Rs 2 lakh, Triumph Motorcycles Chief Commercial Officer Paul Stroud said.

The partnership will build a new engine and vehicle platform in the mid-capacity range (200-800 cc) and offer multiple options to address different segments in this class.

"The triumph brand is an iconic one the world over. So, we are confident that there will be a huge appetite in India and other emerging markets for these new products," Bajaj Auto MD Rajiv Bajaj said.

"The products that will come out of the partnership will also help attract a younger, but still discerning, customer audience and is another step in our ambition to expand globally, particularly in the fast-growing markets of South East Asia but also driving growth in more mature territories like Europe," Triumph Motorcycles CEO, Nick Bloor said.

The Triumph-Bajaj collaboration will combine strength in design, technology, cost-competitive manufacturing and an intimate knowledge of key target markets to deliver a range of products and business successes, as per the pact.

RECENT STORIES

Gaja Capital Plans IPO, Files Draft Papers With Sebi

Gaja Capital Plans IPO, Files Draft Papers With Sebi

At BRICS Meet, FM Nirmala Sitharaman Holds Bilateral Talks With China, Russia, Brazil, And Indonesia

At BRICS Meet, FM Nirmala Sitharaman Holds Bilateral Talks With China, Russia, Brazil, And Indonesia

New Aadhaar Rules Announced, Check Updated Document List For Enrolment & Changes

New Aadhaar Rules Announced, Check Updated Document List For Enrolment & Changes

Microsoft Exits Pakistan After 26 Years, Major Blow To Tech Ecosystem

Microsoft Exits Pakistan After 26 Years, Major Blow To Tech Ecosystem

Telangana Government's Big Decision On Work Hours, Now Only This Much Work Required Daily

Telangana Government's Big Decision On Work Hours, Now Only This Much Work Required Daily