‘Dream Neo’ is the name of Honda’s latest cheapest motorcycle. Japanese vehicle maker Honda recently launched its low cost high power bike Dream Neo, a 110cc petrol bike giving an average of 74kmpl. The customer friendly bike has been developed keeping in mind the needs of the average Indian customer.
Honda’s dream neo is priced at 43,150 Rs, making it cheaper than Honda’s 110cc scooter ‘Dio’ which was priced 44,718 Rs. Since it is Honda’s cheapest bike, all those youngsters with small budget who are dreaming of buying a bike can now invest on dream neo, which is a dream come true for guys. Honda with this bike is digging its roots deep into the Indian commuter segment. The company’s dream series is surely going to create problems for its competitors as the company is planning acquire over 150 percent in 100-110cc bike segment.
HMSI President and CEO Keita Muramatsu said that his team and company are confident that the demand for Honda two wheelers will rise with this step of theirs, and they are eyeing 43 percent of sales growth which will be achieved if they sell 39.3 lakh units during financial year 2014. HMSI is also expanding its sales outlet with an astonishing extra 50 outlets for its valuable customers. The company had 1,950 outlets in 2013 and now the company is planning to own 2,500 outlets.
HMSI’s another commuter segment dream series bike Dream Yuga is the cheapest bike with an 110cc engine, which is available in the market for a price between 45,101 Rs – 48,619Rs on road. Honda’s competitor and market leader, Hero, is presently selling its cheapest bike at a price lower than Honda I.e.36,600 Rs.