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Honda to price its new bike at Rs 1.5 lakh

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Swaraj Baggonkar Mumbai

Honda Motor Company, the biggest manufacturer of two-wheelers in the world, is expected to launch its much-awaited performance sports motorcycle CBR250R in India at Rs 1.5 lakh (ex-showroom, Delhi) in April.

Honda Motorcycle and Scooter India (HMSI), the country’s fourth largest bike maker and a 100 per cent subsidiary of Honda, Japan, will assemble the bike at its Manesar, Haryana unit after importing parts of the bike from Asian countries.

With a likely on-road price of about Rs 1.8 lakh, the CBR250R will be sold at nearly half the price of Kawasaki Ninja 250 which carries an on-road price tag of about Rs 3.01 lakh and sold through select outlets of Bajaj Auto.

 

“The bike will be priced at Rs 1.5 lakh (ex-showroom) in Delhi and a little more than that in Mumbai. It should hit showrooms in April,” said a company executive.

Bajaj recently stated that 1,000 units of the Ninja 250 have been sold since its launch in October last year.

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First Published: Nov 19 2010 | 12:45 AM IST

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