CFMoto may enter into a joint venture to manufacture motorcycles locally - Report
Chinese two-wheeler brand CFMoto is looking to enter a joint venture to manufacture motorcycles in India, reports Financial Express. The source report also adds that the four products, which were launched in our market in July this year, have received over 700 bookings so far.
Also Read: CFMoto 250SR (CFMoto 300SR) - IAB Rendering
A spokesperson told the website that the initial response has been fantastic. He said:
This, however, may take a few years to shape up depending on various factors and how our discussions go. Initial response has been fantastic and we will continue to have this conversation in months to come.
Currently, the CFMoto products are imported via the CKD route and assembled at AMW Motorcycles’ facility in Hyderabad. The new partnership will allow the brand to manufacture its products locally and offer them at more competitive prices. The talks, however, are in the early stages.
Meanwhile, the company is catering to performance motorcycle in six cities – Mumbai, Bangalore, Hyderabad, Chennai, Kolkata and Guwahati. The most affordable product in its portfolio is the 300NK, which was introduced at INR 2.29 lakh*. Other three products compete in the 650 cc space of our market. They're the 650NK, 650MT and the 650GT which retail at INR 3.99 lakh, INR 4.99 lakh and INR 5.49 lakh respectively. However, do note that except the 650 GT, all three motorcycles carried an introductory price tag. Bookings for the motorcycle began in August, while the deliveries are likely to start soon (most likely in October).
The CFMoto 300 NK rivals the KTM 390 Duke, Honda CB300R and the BMW G 310 R. Engine specifications on the smallest CFMoto product in our market include a 292.4 cc single-cylinder, 4-valve, DOHC, liquid-cooled motor that pumps out 33.9 PS at 7,200 rpm and 20.5 Nm of peak torque at 8,800 rpm. The 650 range, on the other hand, gets a 649.3 cc, parallel-twin cylinder mill that comes in different tunings.
Also Read: CFMoto 650MT vs. Kawasaki Versys 650 vs. Benelli TRK 502: Spec Comparo
CFMoto is also working on a full-faired version of the 300NK, the 300SR, which is likely to debut at the 2019 EICMA motorcycle show, before reaching our market in 2020.
[Source: FinancialExpress.com]