Harley-Davidson to Launch its New Street Rod 750
Premium
motorcycle manufacturer to launch its new Street Rod 750 in Indian Market
India: The company’s all new Street 750 has
taken its inspiration from the company’s own XR series heritage dirt-trackers.
The company recently unveiled its new entry-level motorcycle and the model is
already being listed in the Harley-Davidson’s Indian product portfolio.
Moreover, the new motorcycle also
features a flat handlebar coupled with a re-designed seat to provide a sportier
riding posture and it also has an increased ground clearance of 205mm.
In addition, the all new motorcycle
boasts a 750cc, liquid-cooled, "Revolution X" V-Twin engine and runs
on 15" rear and 17" front alloy wheels. Street 750 also features an
improved ride quality owing to its coil-over rear shock absorbers paired with
external reservoir. The new motorcycle is anticipated to have a price tag of
around USD9100 in India.
As per TechSci Research, with the launch
of all new motorcycle model, Harley-Davidson would further expand its product
portfolio and product offering to the consumers of India. The launch is also
anticipated to further intensify the competition among the premium motorcycle
companies. Moreover, the model is also anticipated to help the company boosts
its share in the premium motorcycle market of the country.
According
to a recent report published by TechSci
Research, “India
Premium Motorcycles Market By
Segment (500 to 800cc, 800 to 1600cc and >1600cc), Competition Forecast
& Opportunities, 2011-2021”,
premium motorcycle market in
India is projected to exhibit a CAGR of ~30% during 2016-2021, on account of
growing trend of CKD and SKD assembly, launch of new model, coupled with
declining average selling price and rising number of high net worth individual.
India premium motorcycle market was dominated by southern and northern regions
in 2015, and they are further expected to continue to dominate the market
during forecast period as well, owing to growing demand for premium motorcycles,
coupled with increasing number of motorcycle clubs and groups in cities like
Hyderabad, Chennai, Bangalore, Delhi, Chandigarh, etc.