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#1 (permalink) |
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Junior Member
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KRISHNA KANT
TIMES NEWS NETWORK[ MONDAY, OCTOBER 18, 2004 01:15:13 AM ] NEW DELHI: The countdown has begun for the launch of Suzuki motorcyles in India. The Japanese auto major has kicked off the ground work for its entry into world’s second largest two-wheeler market by Diwali next year. Suzuki will enter Indian market with a 125cc segment motorcycle and expects to sell around one lakh vehicles in first full year of its production. Sources say the launch time-table has frozen and is now being circulated to the various interested parties including its proposed vendor base. The production and testing of components is expected to begin in a phased manner starting January next year. “The whole project has been divided into various milestones and the reverse counting has begun for the people associated with it,” said a source close to the development. According to industry sources the technical specification of the proposed vehicle is now ready. The company is now learnt to be working with its vendors for developing and manufacturing the parts and systems of the proposed vehicle in India. The auto major learnt to have finalised the supplier base for its two-wheeler venture. “The major vendors have already been selected. Many of them have even begun the preparatory work for manufacturing the parts specified by Suzuki,” says a source in the auto component industry. Simultaneously, construction has begun at Suzuki’s proposed two-wheeler facility at Manesar in Haryana. The plant with a capacity to produce one lakh vehicles initially is expected to be ready for commercial production by the third quarter of next fiscal. Suzuki is the third Japanese two-wheeler major after Yamaha and Honda to make a direct entry into India. Earlier, Suzuki was present in India by way of a joint-venture with TVS group, which ended unceremoniously in September ‘01. Under its separation agreement with TVS, Suzuki has to wait out its “30-month cooling off period” till March ‘04 before debuting in India’s two-wheeler market. Earlier last year, Suzuki had acquired land in Manesar for its two-wheeler facility. The Japanese company has obtained the Foreign Investment Promotion Board (FIPB) approval for $10m (Rs 47 crore) to set up a facility and has also obtained the green signal to either go it alone or acquire an Indian partner.
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#5 (permalink) |
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Biker for life
Join Date: Jul 2004
Location: Lodi, New Jersey, USA
Posts: 32
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by next diwali the market will be heading towards 250cc bikes with 150cc's becoming the commuter segment
how can suzuki be so dumbheaded to launch 125cc when Honda started off so well with it's 150cc no body will be waiting for these suzukis till next diwali cos we already have good bikes in the segment(these guys will go the yamaha way........... into extinction)
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Everyone crashes. Some get back on. Some don\'t. Some can\'t. @$!T |
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#10 (permalink) |
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Junior Member
Join Date: Oct 2003
Location: kirti nagar,new delhi, delhi, India.
Posts: 1
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in my view,every company thats into bike business has underestimated the INDIA.yamaha launched the ugly fazer, honda cant fly with 125c.c wings and now the suzuki.the only company that stepped out is kinectic,which in my view had taken very bold steps with aquila and now the comet.good work kinetic and keep on goin.
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