The launch is part of the company's strategy to increase its sales in the Indian two-wheeler market.
"Last fiscal we sold about 10.7 lakh units of two-wheelers and this year we are targeting 12 per cent increase at 12.5 lakh units. And the CBF Stunner will play an important role," HMSI Chief Executive Officer Shinji Aoyama told reporters in New Delhi.
The new bike will be equipped with PGM-FI (programme fuel injection) technology which gives more power, the company said.
It will be available in the market by the first week of June, it added.
According to Society of Indian Automobile Manufacturers, the total two-wheeler sales in the last financial year increased by 2.60 per cent at 74,37,670 units compared to 72,49,278 units in FY'08.