"I agree it is an excellent step. It is a good step. I think it will not have any significant impact on the business. It is just a correction. Right now, there is just confusion in the market, which needs to be solved. I think the situation will limp back to normalcy," Managing Director Ajinkya Firodia told PTI.
Firodia said buyers of MV Agusta are high-end customers who do online purchases and is hopeful that the present confusion due to demonetisation will not affect them.
"For our first year, we plan to sell 400 vehicles by December-end, which we think is realistic and aggressive. Our eventual target is to reach 600-800 for only MV Agusta in India, maybe by 2018, because the market is growing so much," he said.
The company has sold 70 bikes in Pune and Ahmedabad since inception in May or June, Firodia said.
Also Read
"Our target in Bengaluru is about 60-70 vehicles every year," he added.
Earlier, MV Agusta India today announced its official entry in South India through an exclusive showroom in the city and unveiled the limited edition F3 800 RC AMG.
MV Agusta is the most premium motorcycle brand in the country and its motorcycles are designed by legends like Massimo Tamburini, he added.
The F3 RC is an AMG branded limited edition version of the highly popular model, the F3-800, he said.
Of 250 vehicles produced in the world, only nine are allocated for India, making it a collector's edition, Firodia said.
Disclaimer: No Business Standard Journalist was involved in creation of this content