HMSI, which aims to grow over 150% in the 110-110 segment, said Dream Neo is Honda's next big leap towards creating deep inroads into the Indian commuter segment. The company has expressed its confidence towards getting positive customer response, while eying 43 per cent growth with 39.3 lakh unit sales in FY'14.
To establish a greater presence in the Indian market, the company is in the process of expanding its sales outlets to about 2,500 by end of this fiscal from 1,950 outlets in FY'13.
Dream Neo is the Honda's cheapest bike in the Indian market, but it may not be the cheapest two-wheeler available in the Indian market. Honda's former partner in India Hero Motors' “HF Dawn” is available in the market at a starting price of Rs 36,600 (ex-showroom, Delhi).
Motorbike manufacturer Yamaha had also claimed recently that it was making the world's cheapest motorcycle which may be available in the market at Rs 27,000-Rs 28,000.