I think its not gonna happen. Because,
1) Hero strongly showcased their Gen.2 ZMA/ZMR in auto expo 2016 (& continues their productions), this means they have faith in their new models despite sales failure.
2) Bringing back a discontinued old Karizma shows Hero's failure in Gen.2 ZMA/ZMR, which is not good for company reputation. The company cannot reverse its investment, time & reputation being put on Gen.2 ZMA/ZMR.
By these reasons & as per Hero's company tradition/rules I believe, forget the old Karizma




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