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Thread: Hero Motors to try hands in Three-wheeler market!

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    Default Hero Motors to try hands in Three-wheeler market!

    As the process of acquiring 26% share from Honda putting an end to the 26 year old partnership, Hero group is planning to enter into the three wheeler segment to counter the local competitor Bajaj Auto. The company sources hinted that the group has got more agenda in the sleeves passenger carrier and commercial goods mover. Hero group seems to have apprised these proposals to its vendors In Delhi meeting. In the process, the engine employed in its two wheeler may be refined to be fit for the three wheelers. The meeting was attended by nearly 50 suppliers and vendors to whom Hero group has set the proposal for devising the three wheeler components. Currently Hero Honda premium vehicles such as Hunk are fitted with 150cc engines while Karizma is fitted with 225cc engine. Since 2007, TVS motors has been pressing the piggyback for its three wheelers in a bid to share the costs.

    Though the three wheelers are generally termed as auto rickshaws in India, Hero Honda Motors has neither confirmed this proposal nor denied. However, sources from the company said that Hero group may seek the node from its ally Honda for proceeding with this proposal. Hero groups spokesperson said that the split has envisaged new outlook for Hero group to go alone in its new journey but no concrete picture could evolve as of now. Hero finds the growth strategy of Bajaj and TVS from the diversified activities and thus it is not quite new in the industry that Hero group too takes the same road to much profitability. Bajaj secured profit margins of 20% from the three wheeler segment indicating an increased one from its two wheeler segment which fetched 15-17%. The increased margin in three wheeler segment is attributed to the export volume which has been consistently growing by which Bajaj and TVS gain a lot, said an analyst from Angel Broking, Mumbai.

    The potential markets for three wheelers are Bangladesh, Nepal, Srilanka and SE Asia, in addition to gradual rise in African market. As of now Bajaj is the top most producer of three wheelers in India which has got huge volume of business in both domestic and export market. It has got a dominating share of 40% in Indian three wheeler market followed by DiMaggio of Italy which possesses 38%. The three wheeler domestic market has been on the rise with 18.4% at the sale volume of 3.39 lakh units till November 2010. Hero group, bound by the JV with Honda Motor, could not enter into the three wheeler segment and export too will be restrained to select neighboring countries.

    Source:living.oneindia.in

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    Super Moderator sunilg's Avatar
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    News approved.
    (Been There Done That) x 3.25

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    Rusted aargee's Avatar
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    Quote Originally Posted by NewsReaper View Post
    The potential markets for three wheelers are Bangladesh, Nepal, Srilanka and SE Asia, in addition to gradual rise in African market.
    Pls HH, have only export oriented products. Enough of three wheeled "Idiot safe's" in this country.

    So what happens to the 400cc Diesel engine motor? Is that to be plonked on this one?

    Going by this thread - http://www.xbhp.com/talkies/news/163...el-engine.html and this news, looks like HH is expanding into commercial market.
    Skill is what keeps you on a Motorcycle
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    Rusted dual disc 200's Avatar
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    A 400 c.c Diesel bike thinking the future is based on Diesel & now a three wheeler? God knows what this one will run-on. Might-be they should come up with a sensible team first. Or am i wrong in what i said and Hero is thinking of these kind of three wheelers to envy of;

    Last edited by dual disc 200; 01-18-2011 at 02:50 PM. Reason: Pic
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    Rusted aargee's Avatar
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    Quote Originally Posted by dual disc 200 View Post
    God knows what this one will run-on.
    May be this one...


    Quote Originally Posted by dual disc 200 View Post
    Might-be they should come up with a sensible team first.
    Lol !!!

    PS - Lol!!! @DualDisc - you spoke my mind!!! Just as I was posting this, you posted something that's almost similar . They may not make a Spyder as its quite expensive. This one will be easy to begin with!!!
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    Awareness + Skill is what keeps you out of harm's way
    ATGATT + Awareness + Skill means you might Live To Ride another day

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    Rusted dual disc 200's Avatar
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    Quote Originally Posted by aargee View Post
    May be this one...



    Lol !!!

    PS - Lol!!! @DualDisc - you spoke my mind!!! Just as I was posting this, you posted something that's almost similar . They may not make a Spyder as its quite expensive. This one will be easy to begin with!!!
    Very true bro, atleat they don't come up with a machine that isn't half sensible as what's posted above
    Whenever there is a Rainbow in the sky, I know it's u mastering the art of Cornering. U will always be remembered brother, R.I.P Arun.

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    /2001 Yamaha Rx 135 5 Speed/ 1999 Yamaha RXZ 135/ 2012 Honda Dio/ ?

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