More and more premium motorcycle companies are approaching the Indian market and are working hard to make their stand prominent with their new and belligerent bike models. Young Indian enthusiasts are true bike lovers who feel that these premium products enhance their personality, status and provide true adrenaline based driving thrill. “Companies are strategically working to gain momentum in this premium motorcycles market, where quality and price are unidirectional in line with the available international brands. Volumes of these bikes are boosted each time these are showcased in any of the performances at social level, as in the case seen in the Hindi movie Dhoom or the famous English movie Torque” said Karan Chechi, Research Director with TechSci Research.
During 2009-2011, the Indian Premium Motorcycle market revenues have been growing at a CAGR of 215%, which is an eye opener for the new companies aspiring to enter into this lucrative market. This figure is further expected to become three fold by the year end 2017, where companies would cash out some profits from these huge sales figures.
“India Premium Motorcycles Market Forecast & Opportunities, 2017” gives detailed and unprejudiced overview on the premium motorcycles or superbikes in India. This report helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in the coming years. The report will help industry consultants, superbike manufacturers and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.