Kolkata based Vibgyor Vehicles, launched a 100cc economy class motorbike ‘Gallop’ for the suburban markets, and targets to sell 1.4 lakh units in 2009.
The company is eying an all-India presence banking on an extensive dealer and sub-dealer network of 521 and 1200 outlets respectively. The Gallop is priced at Rs. 28,999 ex-showroom in Kolkata.
The company plans to sell 1.5 lakh units of the Gallop in the very first year of the launch and take the numbers up to 2.5 lakh in 2010 and 3.5 lakh units 2011. Vibgyor’s Dhulagori plant near Howrah is capable of manufacturing 17,000 vehicles per month in multiple shifts and Bhadra claimed that the company already had an orderbook of over 20,000 motorbikes.
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