Honda Motorcycle & Scooter India Pvt Ltd (HMSI), the 100 per cent owned two-wheeler subsidiary of Honda Motor Company, Japan, is targetting sale of 12.5 lakh units in financial year 2009-10, its top official said.    

Unveiling the new CBF Stunner PGM-FI (Programmed Fuel Injection) technology here today, Shinji Aoyama, President and CEO, Honda Motorcycle & Scooter India Pvt Ltd told reporters HMSI was targetting to achieve a sales mark of 12.5 lakh units in financial year 2009-10, "an 18 per cent growth over last year's 10.7 lakh units with a similar growth".    

Click here for Cloud Computing

Also Read   Related Stories News Now - Audi launches Q5 premium SUV at Rs 38 lakh - Chinese firm all set to drive away Hummer - Govt may impose 10% safeguard duty on aluminum product imports - GM accounts for less than 1% of Wipro's revenues - Public companies' bankruptcies to make 2009 record year - GM shares worth less than a dollar as it exits stock market

Also Read   Related Stories News Now - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing More

The latest version has a top speed of 100 km/hr and the FI technology has enabled bringing down the emission levels to one-tenth.    

Targetting youngsters in 18-24 years age group to promote and expand fun-biking culture, the new Stunner will hit roads by first week of June and will be available in two colours- CBR red and CBR silver metallic at an ex-showroom price of Rs 66,200 at Bangalore.    

"The bike will be available by June 13, 2009 all over India. We plan to sell 1.25 lakh of CBF Stunner (all four variants) in year 2009-10", N K Rattan, Operation Head, Sales & Marketing, HMSI said.

Responding to a query on the impact of recession on the motorcycle market, Aoyama said "the momentum in this sector is still stronng and we are witnessing a positive growth".    

"Though the Bangalore market is dipping now, it is sustainable and we are still keeping strong momentum in sales", he said.    

On whether new stunner was "totally indigenous", Aoyama said "except for the FI technology, which is imported from Japan, it is indigenous".    

To another question on exports, he said the new Stunner was already being sold in Europe since November last.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing

Tags : Honda | auto industry | Japan | recession   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  Save over Rs.3000 with IndianOil Citibank Card -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more