While speaking to the media, Keita Muramatsu, President and CEO, HMSI said: "We have retained the brand Dream as part of our global strategy that was first unveiled way back in 1949. What is more, the new motorcycle is very economical and fuel efficient. Dream Yuga is powered by a 110 cc engine".
HMSI sells 110 cc motorcycle, Honda CB Twister in India. Last fiscal, the two-wheeler major has sold 21.07 lakh motorcycles and scooters in the cuntry. Furthermore, the company has targeted to sell 27.5 lakh units in 2012-13.
Maramatsu added: 'We expect India to contribute 30 percent of our global motorcycle revenues by 2020'. Honda, biggest motorcycle manufacturer in the world had parted ways with its 26 year joint venture partner Hero Group last year in an $ 851 million settlement deal. For a full report, visit automotivehorizon.sulekha.com/