By IANS,
Kolkata: Two-wheelers maker Vibgyor Vehicles plans to enter Nepal and African markets by March 2011, a top official of the company said here Tuesday.
“We have plans to export our two-wheeler products to African nations such as Senegal and Kenya by March 2011. Already, we have set up a showroom at Senegal,” said Vibgyor Vehicles Limited CEO Mrigen Banerjee.
The company has also conducted an experimental run with its 125-cc bikes in Nepal. “We plan to start our export of two-wheeler products in Nepal by January 2011,” he said.
Banerjee said the company’s operational centre in Africa will be based at Senegal, from where it would begin its foray into the continent which has a vast field for two-wheelers.
The company currently exports to Bangladesh. “So far, we have exported around 3,500 100-cc bike Gallop to Bangladesh and we have got a good response,” Banerjee said.
Vibgyor Vehicles is scheduled to set up their second manufacturing plant at Dankuni in West Bengal’s Hooghly district by the first quarter of the next financial year.
“It will have a production capacity of 400 units in a single shift,” said the company’s general manger (sales) Partha Chatterjee.
Currently, the company has a manufacturing unit at Dhulagarh in Howrah district.
Chatterjee said the company was targeting men with an income ranging from Rs.8,000 to Rs.15,000 per month.
“The investment plan for three years since 2009 made by the company is Rs.660 crore,” said Banerjee at the eastern region launch of the 125-cc bike Hunter.