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We
have appointed M/s Kawasaki Motor Philippines Corporation
(KMPC) as our exclusive distributors to market our 2 wheelers
in that country. KMPCs is a joint venture company of KHI Japan
with a local Philippines company in the Philippines.. |
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They
have commenced with 3 of our motorcycles namely the BYK, Caliber
115 and the Wind 125. |
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Our
products shall be sold under 'Bajaj' brand throughout Kawasaki
network all over the Philippines. |
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This
is the first time that Kawasaki is sourcing products from
Bajaj for selling the same through its network outside of
India. |
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Currently
the Philippines market is being catered by Japanese and Chinese
products. This is for the first time an Indian Manufacturer
would be entering this market in a major way with its own
Brand Name. |
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Philippines
traditionally has been a market where motorcycles have been
used as tricycles after attaching a side car to them, as taxis.
Of late, mopeds/step-thrus from the Japanese and Chinese,
at much cheaper prices, have penetrated the market and that
has resulted in 2 wheelers being used for personal usage.
This has given the market good growth and the market today
stands at approx. 300,000 units. |
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Motorcycles
are being launched in the Philippines Market at a comparable
price to the Srtep-thrus. This is expected to result in a
substantial lateral shift from 100-125 cc Step-thrus to motorcycles
at a comparable competitive price. |
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Bajaj
models will present an opportunity to the Philippines customer
to use attractively styled motorcycles for personal use. Kawasaki
conducted consumer research over a period of 4 months-the
response was very positive. The products will be sold through
65 dealers with 365 branches across the Philippines. |
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The
Philippines launch on 3rd Feb was attended by Kawasaki Dealers
and their response to the Bajaj range was highly enthusiastic. |
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The
vehicles are being sent as CBU to Philippines. 360 vehicles
have already been exported with another 360 nos being sent
in February itself. Their plan is to sell approx. 3500-4000
units in the first year of operation. |
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Currently
the tie-up is only for the Philippines market. This will be
the be the test market for further expanding the Bajaj Kawasaki
tie-up to other S-E Asian and South American Markets. |