Hero MotoCorp dips as Honda unveils cheaper bikes

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Hero MotoCorp dips as Honda unveils cheaper bikes

SI Reporter / Mumbai 06 Jan 12 | 12:00 PM

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Hero MotoCorp is trading lower by 3% at Rs 1,775 on reports that the world's largest two-wheeler maker and its former partner, Honda Motor, Japan, is planning to launch motorcycles at competitive prices.

The Japanese giant hopes to sell 125cc made-in-China models with an ex-showroom price in Delhi of a little over Rs 30,000 - almost Rs 4,000 cheaper than the CD Dawn and Rs 17,000-18,000 cheaper than the Super Splendor, the report suggests.

Hero MotoCorp, the new avatar of Hero Honda, which accounts for 46% of all bikes sold in India, dominates the market with models like the 100cc CD Dawn, Splendor, Passion and the 125cc Super Splendor.

Honda operates in India through wholly-owned subsidiary Honda Motorcycle & Scooter India (HMSI).

The stock opened at Rs 1,822 and hit a low of Rs 1,767 on the National Stock Exchange (NSE). A combined 297,832 shares have changed hands on the counter so far on the NSE and BSE.