Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 13 2019

Italian motorcycle maker Benelli eyes to double its product portfolio in India by 2020

Benelli India is also looking to have around 60 dealers in 50 cities by the end of 2020.

Italian motorcycle maker Benelli eyes to double its product portfolio in India by 2020

Benelli, an Italian motorcycle maker, is planning to double its product portfolio in India by 2020. The company aims to strengthen its foothold in the premium bikes category.

Benelli India will ramp up production at its assembly unit in Hyderabad. It has also set itself a target of selling around 12,000 units by that year.

The company has roped in Adishwar Auto Ride India, a partner of the Mahavir Group, for managing its operations in the country.

Vikas Jhabakh, Director of the Mahavir Group, which are distributors of the brand in India, said, “The company would double the current product portfolio by 2020, with prices ranging between Rs two lakh and Rs 6.2 lakh (ex-showroom).”

Currently, Benelli retails six models, including the latest 500 cc Leoncino, priced at Rs 4.79 lakh (ex-showroom).

“By the end of 2020, we will have 12-13 bikes in the Benelli portfolio. We are planning to launch two 250 cc bikes and a 400 cc motorcycle. Benelli planned to sell around 12,000 bikes by the end of 2020 and to increase plant capacity to 20,000 units per annum from the current 3,000 units,” Jhabakh stated.

Benelli India is also looking to have around 60 dealers in 50 cities by the end of 2020. Currently, the company has 19 dealers in 18 cities.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
      Investment Brand Fee Space Staff Exp. Monthly Sales Pro..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Organic Products
    An umbrella that encompasses the well-being of our mind, body,..
    Locations looking for expansion Goa
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mormugao Goa
  • After School Activities
    I-Max Academy has been established in April 2010. In short..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 50000 - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Tea And Coffee Chain
    About Us: Stark Bistro is an effervescent & lively cafe with..
    Locations looking for expansion Orissa
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhubaneswar Orissa
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities