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December 28, 2007
Kinetic launches new scooter; to sell 75,000 units
Mumbai -- Reeling under heavy losses, two-wheeler maker Kinetic Motor Co (KMC) on Friday rolled out its 125 cc gearless scooter Flyte in an attempt to revive fortunes in the 7.8 million unit strong Indian market.
Flyte, which was launched in select North Indian markets two months ago, is the first product to be developed jointly by KMC and its Taiwanese partner Sanyang Motor (SYM).
So far, the company has sold 5,000 units of Flyte. It expects to sell 75,000 scooters pan-India in the next fiscal.
"This year the sales of motorcycles have shrunk by 13 per cent, whereas scooters have witnessed a 30-per cent growth. We will continue to focus on scooters which is the fastest growing two-wheeler segment," KMC Managing Director Sulajja Firodia Motwani told reporters here.
Posted by Frank at December 28, 2007 12:09 PM
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