New Delhi: Hero MotoCorp has commenced dispatch of the first batch of BS VI-compliant Splendor iSmart 110 motorcycles to its dealers for product familiarisation and training purposes, signalling its imminent launch, according to two people familiar with the development.
“The dispatches were made earlier this week, and bikes are expected to reach some of the dealerships in a day or two,” one of the persons cited above, told ET.
A spokesperson for Hero MotoCorp said they do not want to comment on speculations.
The Splendor iSmart 110 is likely to be competitively positioned and priced 12-15% higher than the current Splendor iSmart, said one of the sources.
As we have stated earlier, our preparation towards migration to BS-VI is well on track and we will bring our range of BS-VI motorcycles and scooters well before the stipulated timeline. We will make the announcements on specific launch dates at an appropriate time.”
One of the persons cited earlier said, “The Splendor iSmart 110 is likely to be competitively positioned and priced 12-15% higher than the current Splendor iSmart. Although the company has not informed the dealers of the exact pricing as yet, the product familiarisation and training initiative is a clear indication that the motorcycle is likely to be commercially launched soon.”
In June 2019, Hero MotoCorp became the first two-wheeler manufacturer in the country to receive the BS VI certification from the International Centre for Automotive Technology (ICAT). The company received the certification for its Splendor iSmart 110 motorcycle.
The BS VI-compliant motorcycle has been designed and developed at the company’s R&D hub, the Center of Innovation and Technology (CIT), in Jaipur, Rajasthan.
In the first four months of the fiscal, Hero MotoCorp sold 2.32 million units in the domestic market, down by 15% from the year-ago period.