Benelli, the Italian superbike maker, continues to focus on the 250-500cc motorcycle segment in India. As per Vikas Jhabakh, Business Head, this is a high-growth potential premium segment.
India passenger vehicle market has slipped down to third position in terms of growth after Italy and China. According to the data released by OICA, passenger vehicles posted 2,966,637 units of sales in Jan-Dec 2016 period growing at rate of 7 percent when compared to 2,772,270 units in Jan-Dec 2015 period.
Japanese carmaker Honda is pinning hopes on its upcoming compact crossover WR-V and the new City sedan to rev up its India sales in the next fiscal. The company has sold a total of 1,24,114 units in the April-January period this fiscal, a decline of 23.2 per cent.