Honda Motorcycle and Scooter India Pvt ltd, the 100 per cent subsidiary of Honda Motor Company, Japan, has targeted to sell 12 lakh bikes during the fiscal 2009-10, Company CEO and President Shinji Aoyama said today.
Announcing the launch of new variant bike CBF Stunner PGM-FI here, he said last year the company had sold 10.5 lakh bikes and this year it was targeted to achieve 18 per cent growth.
To a question, he said the company would come out with a 100 cc bike by end of this year and there was no proposal to manufacture bikes below 100 cc.
To another question, he said the global recession seen in automobile industry had not affected the two-wheeler sector.
Though there was dip in sales, it was very negligible and the market would pick up very soon.
Mr Shinji said Honda, rather than becoming No one in the market, aimed at satisfying all the customers.
''We are not interested in occupying No one or two positions, we want to attract and satify all sections of the society,'' he said.
He said manufacture of 350 cc and 500 cc motorbikes was under progress.
To promote and expand fun-biking culture, the company has been conducting 'Honda 1 Make Race' motor sports event since last year and the second edition will be held this month in Coimbatore.