KTM hikes prices across the range in India
KTM, the popular Austrian motorcycle manufacturer, has announced a price hike across its range of bikes in India. The company has cited rising input costs and global market dynamics as the reason for the hike, which will come into effect from June 2023. The price increase ranges from Rs. 3,000 to Rs. 8,000 across various models.
The news of the price hike has been met with mixed reactions from KTM enthusiasts and bike enthusiasts in India. Some have expressed disappointment at the increased cost of their dream machines, while others have pointed out that the increase is reasonable given the current market conditions.
KTM's range of bikes in India includes the Duke, RC, Adventure, and Supermoto series. These bikes are popular among enthusiasts for their powerful engines, sporty styling, and advanced features. The price hike is expected to affect all these models, although the exact increase will vary depending on the specific model and variant.
The Duke series, which includes the Duke 125, Duke 200, Duke 250, and Duke 390, has seen the lowest price increase of Rs. 3,000. The RC series, which includes the RC 125, RC 200, and RC 390, has seen a slightly higher increase of Rs. 4,000. The Adventure series, which includes the Adventure 390 and Adventure 790, has seen the highest increase of Rs. 8,000. Finally, the Supermoto series, which includes the 690 SMC R and 690 Enduro R, has seen an increase of Rs. 5,000.
The price hike by KTM is part of a broader trend in the Indian motorcycle market, which has seen several manufacturers increase their prices in recent months. This trend can be attributed to several factors, including rising input costs, global supply chain disruptions, and the impact of the COVID-19 pandemic on production and logistics.
Despite the price hike, KTM remains optimistic about its prospects in the Indian market. The company has reported strong sales in recent years and has introduced several new models in the country. Moreover, the demand for premium bikes in India is expected to continue to grow in the coming years, driven by rising disposable incomes and changing consumer preferences.
In conclusion, the price hike by KTM across its range of bikes in India is a reflection of the current market conditions and rising input costs. While some enthusiasts may be disappointed at the increased cost of their dream machines, the increase is reasonable given the current market conditions. KTM remains optimistic about its prospects in the Indian market and is expected to continue to introduce new models and technologies in the coming years. As the demand for premium bikes in India continues to grow, KTM is well-positioned to capitalize on this trend and maintain its position as one of the leading motorcycle manufacturers in the country.