The UK based Triumph motors, as many of us would be knowing is all set to mark its foray into the Indian market. The company came up with an announcement regarding this in the Delhi Auto Expo 2012. We’d already given lotta live updates regarding this news right from the official announcement to the models that will be coming up here and the prices of the same.
The company has now decided to set up its assembly plant in the state of Karnataka. The company had earlier considered setting up of plants in the Southern state of Tamilnadu, besides also considering Maharashtra. This is the company’s third plant across the globe with its first one located in the home country UK and the other one in Thailand.
Business Line had recently stated that ‘Triumph signed a memorandum of understanding with the Karnataka Government about a month back, an official close to the development told Business Line. One of the pre-requisites for the location had been proximity to a port for both importing completely knocked-down (CKD) kits and later exporting bikes, if required.’
An official of Triumoh Motors said, “About 40 acres of land has been identified by the company at Narasapur (Kolar district) on the Bangalore-Chennai highway. This is about 50 km from Honda’s upcoming motorcycle plant.”
The company is looking to assemble the Bonneville, Street Triple, Speed Triple and Daytona 675 models locally. At a later point of time it may even consider the full manufacturing as well.
“We are gearing up to commence our Indian operations at the earliest. Of the seven motorcycles that will be entering the market, we will be assembling four of our bike models in India. We will be looking at setting up the CKD assembly facility in a propitious location,” the company said.
The company will be commencing its operations from the month of July. There’ll be four dealerships appointed by this time and a target of 12 dealers will be appointed within the next 3 years span. Also, the capital city New Delhi is most likely to be selected as the local headquarters.
“While the plant would take around a year to come up, the bike models would be launched earlier to build excitement around the brand. Though initially imported as fully-built units, the pricing will be kept on the lower side keeping in mind the reduced costs after local assembly starts,” a source said.