Tuesday, 29 May 2012

Triumph Motorcycles to Set Up a Plant in Karnataka

It’s been quite some time since we discussed about Triumph Motorcycles, the iconic British brand. The bike maker launched its breed of bikes at the Indian Auto Expo early this year. Now, the company is all set to open up a new plant in the state of Karnataka at Kolar by pumping in a sum of INR 215 crores.
Triumph’s proposal has finally got approved by the Karnataka State High Level Clearance Committee (SHLCC), they have approved the allotment of 30 acres of land at the Narsapura Industrial Area in Kolar district.
Triumph has already revealed the ex-showroom prices for its motorcycles in India, which are provided below:
Bonneville – INR 5.50 Lakh
Street Triple – 675 INR 5.75 Lakh
Daytona 675 – INR 7.00 Lakh
Speed Triple – INR 8.00 Lakh
Tiger 800XC – INR 11.40 Lakh
Storm – INR 17.00 Lakh
Rocket III Roadster – INR 22.00 Lakh

The company has plans to both assemble few of its higher end bikes and to manufacture a few bikes depending on the mindset of the Indian bike market.
Business Line had quoted, ‘The SHLCC meet chaired by Chief Minister, Mr. D. V. Sadananda Gowda, who cleared the proposal, has offered incentives and concessions as applicable in the industrial policy of the State, and has instructed to give employment to family members of the land losers.’
KIADB has also been instructed to supply 1.92 lakh liters a day (LPD) water and BESCOM to service power requirement of 4000 kva that would be required by the company.
With the company coming up with its new factory out here in India, it would prove a direct threat to  Harley Davidson and let’s hope that the competition only gets intense, by which we, as part of global  biking community will have more things to think and write about.

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