Hero Honda today launched an all-new model of its 150-cc motorcycle CBZ, pricing the base variant at Rs 54,500 (ex-showroom Delhi). The company said it would follow the new 'CBZ X-treme' with another offering in the premium segment that could be out somewhere next fiscal. "We expect to capture the top position in the premium segment with the new bike. We are also working on another bike in the premium segment," Pawan Munjal, managing director said. The company said that the premium bike market, comprising of 150-cc and above models, was around 6,00,000 units or 10% of the total motorcycle market.The new model has been jointly developed by teams from Japan's Honda and Hero Honda. Hero Honda also plans to launch six new bikes this fiscal.
