Triumph Motorcycles India has confirmed that it will be setting up four new dealerships in the country within the next two years. Speaking t...
Triumph Motorcycles India has confirmed that it will be setting up four new dealerships in the country within the next two years. Speaking to carandbike.com, Shoeb Farooq, General Manager, Triumph Motorcycles India said, "We'll be coming up one new dealership in Guwahati this year, and three more will come up next year. The idea is to have at least 20 dealerships in India by the end of 2020." As of now, the Triumph has 16 dealerships across India. Triumph India is also gearing up to enter the pre-owned motorcycle business from August 2019, which will be sold via the company's existing dealerships. The addition of the four new outlets will surely come in favour of the used bike business as well.
Triumph will launch one dealership in Guwahati this year, and three more will come next year
Early this year, Triumph India announced completing five years in the Indian market, and so far, the company has sold over 6000 motorcycles in India. In the last five years, between FY 2013-14 and FY 2018-19, Triumph Motorcycles India grew with a CAGR (compound annual growth rate) of 29 per cent, whereas, motorcycle segment itself grew by just 5 per cent. On the other hand, when we consider motorcycles that are above 500 cc, the industry grew by 22 per cent in the last five years. Currently, in the above 500 cc and Rs. 5+ lakh space, Triumph Motorcycles India commands a market share of 16 per cent, as of FY 2018-19.
Also Read: Triumph Scrambler 1200 To Be Launched In India In May 2019
In 2019 alone the company has planned to launch five motorcycles in India, and so far, Triumph has already launched four motorcycles including, 2019 Street Twin, 2019 Street Scrambler, Tiger 800 XCA, and the most recent one was the all-new, 2019 Triumph Speed Twin. As for the company fifth product, we have already told you that the company will launch the new 2019 Triumph Scrambler 1200, next month, in May 2019.
from NDTV CarAndBike - Latest News http://bit.ly/2PwDs9w
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