While the company has not disclosed the exact price, the new bike is expected to be tagged around Rs 42,000 (ex-showroom, Delhi).
The new bike will available in three variants and will be marketed from February 2010. "The introduction of this bike will create a new segment and expand the two-wheeler market in India," HMSI managing director S Aoyama told reporters in New Delhi.
The exact price of the bike will be announced during next month's Delhi Auto Expo, he added.
HMSI sells bikes in the higher engine performance segment of 125cc to 150cc segment and models include the Unicorn, Shine and the Stunner.
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