Honda Dream Yuga hits stores, priced at Rs 48,028

Dream Yuga, Honda's second mass segment motorcycle, rolled out on Tuesday, priced at Rs 48,028 (ex-showroom, Mumbai). The Japanese two-wheeler major said it is planning to take the bike to overseas markets towards the year-end.

Dream Yuga is powered by a 110-cc engine and comes in five colours and three variants.

"We plan to start (Dream Yuga) exports either from November or December this year," Honda Motorcycle & Scooter India (HMSI) President and Chief Executive Keita Muramatsu said in Mumbai after the launch of the bike.

The company will look at the neighbouring markets such as Sri Lanka and Nepal for the Yuga exports to begin with, he said.

Honda, which sold 21.07 lakh motorcycles and scooters last financial year, is aiming to sell 27.5 lakh units in 2012-13, HMSI Sales and Marketing Vice-President Y S Guleria said.

"We are also looking at pushing up our market share by three notches from the present 15 per cent with the launch of the Dream Yuga," he added.

Sounding optimistic on growth despite choppy economic conditions, which have impacted domestic car sales to a significant extent in the current fiscal, Guleria said: "We have seen 50 per cent growth in the first two months of this financial year. So, now with the dream Yuga in our product profile, we are quite confident of achieving the target."

The company has two manufacturing facilities, at Manesar in Haryana and Alwar in Rajasthan, with a combined capacity of 2.8 million scooters and bikes per annum.

Its third plant at Narsapuram in Karnataka with a 1.2 million capacity is expected to be up and running from the second half of the next year.

With PTI inputs