Can't get off...?! Er, well, the company hopes to post a turnover of Rs 5 billion in any case
Kolkata-based Xenitis Group, whose motorcycle manufacturing division, Global Automobiles manufactures the Xpression, Xpression Plus and Rock 100 bikes, has said its motorcycle division may post a turnover of Rs five billion in 2008-09.
The company makes about 30,000 bikes a month, in technical collaboration with Guangzhou Motors of China. The company’s first bike – the Xpression – was launched in April last year, followed by the Xpression Plus and the Rock 100 shortly thereafter. These inexpensive bikes cater to the lowest end of the Indian two-wheeler market.
While the Xpression is available in 100cc, 125cc and 150cc variants, the Rock is only available with a 100cc engine, for which claimed fuel efficiency is 115km/l. Recently, Global Automobiles also launched their first scooter – the 150cc UFO, which is a gearless scooter priced at Rs 35,000.
According to Xenitis, the company is already exporting its bikes to Bangladesh, Nepal, Sri Lanka, Chile, Nigeria, Iran and Argentina. And apart from this, there are plans to launch a bicycle brand next month, and perhaps a very low-cost car in the future, if the company can find the right technology inputs from a foreign collaborator.
