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Honda's Dream Neo: another addition to range of cheapest bikes
Japan's auto major Honda Motors Pvt. Ltd. has launched its cheapest motorbike 'Dream Neo' in India priced at Rs 43,150. Honda's Indian arm Honda Motorcycle & Scooter India (HMSI)'s Dream Neo is powered by an 110cc engine and the company claims that it will give a mileage of 74 km per litre of petrol.

Auto analysts believe Dream Neo, which is developed specifically for the Indian customers, is the new entry-level 'Dream' series motorcycle like HMSI's another mass segment bike 'Dream Yuga'. Dream Yuga, with an 110 cc engine is the cheapest bike that is available between Rs 45,101 and Rs 48,619 (ex-showroom, Delhi).

Prior to the launch of Neo, the company's two-wheeler brand 'Dio” was the cheapest motorbike. Dio which was priced at Rs 44,718 has 110cc engine.

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.

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