The new product powered by a 200cc air-cooled engine will hit markets across the country in April this year.
Starting this year, the company would focus on the 150 cc and above premium segment and would continue to bring in more products in the category, he added.
The bike can accelerate from 0-60 km/hr in 4.6 seconds and attain a top speed of 114 km/hr, the company added.
"The all new Xtreme 200R is reflective of our product development capabilities and also demonstrates the strenuous R&D efforts that are underway at Hero Centre of Innovation and Technology (CIT)," Hero MotoCorp Chief Technology Officer Markus Braunsperger said.
The bike is a perfect amalgamation of performance, technology and masculine attributes, he added.
"We also have a strong pipeline of new products for the rest of the year," Braunsperger said.
Hero is the leader in the commuter bike segment with a market share of over 60 per cent.