Friday, May 16, 2003
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The company would also invest Rs. 100 crores for new models and new engine technology. The new engine technology would be put in place by fiscal 2005, Hero Honda Chairman, Brijmohan Lall Munjal, told a news conference here. Karizma had been priced at Rs. 79,000 (ex-showroom, Delhi) and would be available from June in a phased manner through almost 1,500 sales network across the country, he said. The company recently launched its 100cc motorcycle, CD Dawn, and with the introduction of a 223cc motorcycle, the product portfolio of the company caters to a cross section of riders, he said. "We have already introduced two motorcycles this fiscal and two more variants will also be offered this year itself. The new versions will be introduced keeping in mind the required alterations," Mr. Munjal said. Karizma had 10 per cent import content which would go down in due course, Mr. Munjal said adding that Hero Honda was in talks with Honda to export motorcycles to the Western countries. — PTI
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