New Delhi, Oct 23 (UNI) Suzuki Motorcycle India Pvt Ltd (SMIL), a subsidiary of Japan-based Suzuki Motor Corporation, today said it is conducting a feasibility study for foraying into the 100cc bike segment, which accounts for 70 per cent of the overall market.
''We are studying the market of 100 cc bike segment,'' company Vice President (Sales and Marketing) Atul Gupta told reporters on the sidelines of a conference here.
The two-wheeler maker today entered the 150 cc segment with the launch of its 'GS150R' bike. SMIL is currently present in the 125cc segment and now considering to get into lucrative 100cc segment.
Asked about the timing for the launch, Mr Gupta said ''not so soon...we will announce it when the time will come.'' Auto major like Bajaj Auto, Hero Honda, and TVS are already present in this segment, which accounts for 70 per cent of the overall market with the spare parts of such models becoming cheaper.
The company also plans to launch two motorcycles every year, primarily in the above 125cc segment.
''We plan to meet you (journalists) twice every year,'' he said.
Set up in February 2006, SMIL has three bikes for the Indian market-- Heat, Zeus and Access 125.
UNI MP AK HS2011