The 100-years-plus, UK-headquartered, Triumph Motorcycle is evaluating opportunities to mark a foray here, to cash in on the booming economy.
The Leicestershire-based firm, also the largest surviving British motorcycle manufacturer, is said to exploring a tie-up with an Indian company which would be able to handle imports and distribution not only in India but in neighbouring countries, also.
Triumph rolled out its first motorcycle in 1902 and has legendary status in the automotive space. Their move comes at a time when sales of luxury products, especially cars and motorcycles, have scaled new heights, thanks to improved spending power among Indians.
Triumph may launch their entire line-up in India. The range includes: STREET TRIPLE, SPEED TRIPLE, TIGER 800 & 800XC, TIGER 1050, DAYTONA, SCRAMBLER, BONNEVILLE, THRUXTON, AMERICA, SPEEDMASTER, THUNDERBIRD and ROCKET III.
The bikes will come via the CBU route and will attract the 120% import duty structure.