Bajaj Auto has reportedly hiked the price of its best selling KTM 390 Duke Bikes in India.
According to a report by Over Drive, Bajaj Auto has announced a price hike of ₹7,000 for KTM 390 Duke. However, some reports claimed that the price of the KTM 390 Duke has gone up by ₹6,000. Baja has not cited any reasons behind the price hike but said the current price is introductory.
KTM 390 Duke, an innovative offering from Austrian motorcycle maker KTM, has been posting good sales in India since its entry to the domestic market. The bike which was launched in June for ₹1.80 lakh has been conceptualised, developed and designed at the company's local Chakan production facility in Maharashtra.
The company exported nearly 25,000 KTM motorcycles to Europe, Latin America and South-East Asia annually. The 390 Duke Sports motorcycle is Bajaj's third offering under the KTM brand. The bike which is the country's first mid-size sports motorcycle comes with an engine that delivers 43.5 ps of power and 35 NM of torque.
Bajaj is said to bring back its black KTM 390 Duke to India in the near future. It is also expected to showcase two RC brand 'faired' racing bikes at the upcoming Delhi Auto Expo 2014.
Baja's new offerings may help the company revive lost ground in sales. It registered a dip of 15 percent in sales for November, selling just 2,78,703 motorcycles compared to 3,26,727 units in the same period last year. Exports showed an increase percent increase with 1,337,31 units sold, compared to 1,24,115 in the corresponding period last year.
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