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Bajaj Auto Ltd and British bike maker Triumph Motorcycles on Monday said they have completed transfer of the latter's India sales and marketing operations to the Indian firm. The two companies would also be launching a jointly developed mid-sized range of bikes later this year. The development is part of the strategic partnership between the two companies announced in 2020 under which they planned to collaborate to create a new range of mid-sized Triumph Motorcycles. The partnership offers Triumph an opportunity to further build their business as the portfolio expands, Bajaj Auto Executive Director Rakesh Sharma said in a statement. "We will also leverage our formidable distribution network to rapidly expand the exclusive Triumph stores in India in preparation for the soon-to-be-launched, exciting new motorcycles," he added. As part of the partnership, the current 15 Triumph Motorcycle dealerships will be managed by Bajaj Auto but will remain exclusive to the brand and continue to
Premium and luxury motorcycle manufacturer Triumph Motorcycles plans to start exports from India as it plans to increase the Completely Knocked Down (CKD) assembly of its products in the country to 90 per cent of its portfolio this financial year from current level of 20 per cent.The company has CKD assembly facility is at Manesar, Haryana. The bike manufacturer plans to start exporting to Nepal in this fiscal."In the first phase, we will be sending motorcycles to Nepal in the next four to five months", said Vimal Sumbly, managing director, Triumph Motorcycles India Pvt Ltd said at the opening of their new dealership in Bhubaneswar here.With the opening of the new showroom, the British bike manufacturer has now 14 dealers in the country and aims to increase it to 25 by 2020.The motorcycle manufacturer has dealers in Delhi, Jaipur, Bangalore, Hyderabad, Indore, Vijaywada, Chandigarh, Mumbai, Pune, Ahmedabad, Chennai, Kochi and Kolkata.Now, it is betting big on more such dealerships in .