Hero MotoCorp forays into 125-cc scooter segment with launch of Destini 125
Hero MotoCorp's Destini 125 will compete with the likes of Suzuki Access 125, Honda Activa and Grazia, and TVS NTorq
New Delhi: The country's largest two-wheeler maker Hero MotoCorp on Monday forayed into the 125-cc scooter segment with the launch of all new product -- Destini 125.
The new model comes with two variants priced at Rs 54,650 and Rs 57,500, respectively (ex-showroom).
It will compete with the likes of Suzuki Access 125, Honda Activa and Grazia, and TVS NTorq.
"The scooter market is witnessing a shift towards products with higher engine capacity. The 125-cc segment, in particular, has been expanding at a rapid pace witnessing a growth of over 75 percent year to date this fiscal," Hero MotoCorp Head of Global Product Planning Malo Le Masson told reporters here.
The 125 cc segment is, therefore, is a focus area for the company, he added.
"We are strategically following a multi-brand approach in this space. In keeping with this strategy we have debuted today in this category with the Destini 125 and will soon introduce another scooter towards the end of the year," Masson said.
The 125-cc scooter market is estimated to be around one lakh units per month.
Hero MotoCorp Chief Technology Officer Markus Braunsperger said the new model has been developed completely in-house and comes with features like idle stop start feature, a first in scooters.
"We have a strong pipeline of new products in both scooter and premium motorcycle segments which we will launch in the coming months," he added.
Hero MotoCorp will start retailing Destini from Delhi/NCR from Tuesday, while sales in other parts of the country would begin in the next 3-4 weeks.
"We are confident that the Destini 125 will be a strong contender for us in growing our presence in this category," Hero MotoCorp Head of Sales, Customer Care and Parts Business Sanjay Bhan said.
When asked about sales in the ongoing festive season, he added: "The first few days have not been so phenomenal. It has rather been tepid due to various ongoing turbulences. But, we expect sales to firm up going ahead".
Hero June sales jump 13% to over 7 lakh units; co announces upward revision of prices for motorcycles and scooters
Hero sold 2,104,949 units in the first quarter, bettering its own previous record in the September quarter of FY18, when it had 2,022,805 units.
The company hopes to introduce a low-cost bike, possibly the cheapest, in India - currently being manufactured in China - at around Rs 30,000 (ex-showroom Delhi).