Until 2011 , due to high duty levied on |
Motorcycles Market Forecast & |
imported premium motorcycles in India , |
Opportunities , 2020 ”, India premium |
their reach was limited to the affluent |
motorcycles market is projected to grow |
class . However , with the entry of |
at a CAGR of over 27 % during 2015-20 . |
multiple international brands such as |
Rising number of high net worth |
Harley Davidson , Triumph , Hyosung and |
Individuals coupled with an increasing |
many others , India ’ s premium |
number of premium motorcycle players |
motorcycles market witnessed a major |
focusing on setting up domestic |
turnaround with rapid increase in |
production or assembly units in India |
demand for premium motorcycles over |
are the major factors expected to drive |
the last three years . The country ’ s high |
the country ’ s premium motorcycles |
net worth individuals and upper |
market over the next five years . In 2014 , |
middleclass section of the population |
Southern India comprising Hyderabad , |
was further lured with the introduction |
Chennai , Kerala , Bangalore , etc . |
of low priced domestically assembled |
dominated the India premium |
premium motorcycles , thereby boosting |
motorcycles market , followed by |
premium motorcycle sales in India . With |
Northern India . Harley Davidson Motor |
the trend of launching new motorcycle |
Company dominated the premium |
models at comparatively lower price |
motorcycles market in India in 2014 , |
tags by leading global players gaining |
however , on account of recent entry of |
increasing traction , the India premium |
other global giants such as Triumph |
motorcycles market is expected to grow |
Motorcycles , Indian Motorcycles and |
at a brisk pace through 2020 . |
Benelli in India , Harley is expected to |
According to recently published TechSci |
face stiff competition in the coming |
Research report “ India Premium |
years . |
Increasing demand for premium |
completely built units ( CBU ’ s ), which |
motorcycles by high net-worth |
used to result in imposition of heavy |
individuals coupled with upcoming |
custom duty , thereby restricting the |
domestic assembling plants to drive |
demand for premium motorcycles in the |
India premium motorcycles market . |
country . However , with lower import |
According to recently released TechSci |
duties on account of setting up of |
Research report , “ India Premium |
domestic assembling units by global |
Motorcycles Market Forecast and |
premium motorcycles manufacturers |
Opportunities , 2020 ’’, premium |
like Harley Davidson , Kawasaki and |
motorcycles market in India is forecast |
Hyosung , the premium motorcycles |
to grow at a CAGR of more than 27 % |
market in India has witnessed a |
CAGR during 2015-20 on account of |
complete turnaround . |
declining premium motorcycle prices |
The market penetration of premium |
and launch of new premium motorcycle |
motorcycles has been witnessing a |
variants . Prior to 2011 , premium |
continuous increase among high net |
motorcycles were imported in India as |
worth individuals in the country . |