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      Riding the Growth Wave: Royal Enfield April 2023 Sales Report

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      Royal Enfield Hunter 350Royal Enfield April 2023 Sales: Domestic Market Drives 18 Percent Despite Export Blues
      Royal Enfield sales data for April 2023 shows that the company sold a total of 73,136 motorcycles. A significant increase of 18 percent from 62,155 unit sales in March 2022. However, sales performance of the two different types of models/segments, based on their engine capacity are a marked contrast.
      RE motorcycle sales with engine capacity up to 350cc increased by 25.53 percent, whereas model sales for engine capacity exceeding 350cc declined by 20.61 percent. The high-volume 350cc segment accounted for 64,728 units in April 2023, up from 51,564 in April 2022. Strongly indicating growing market demand for smaller engine capacity models.
      Royal Enfield’s April 2023 Sales: The Importance of Engine Capacity, Smaller is the Big Bet
      Decline in sales of models with engine capacity exceeding 350cc, from 10,591 in April 2022 to 8,408 in April 2023, suggests an overlap of trends. Sales performance of the international business segment/exports was also poor.
      Exports were reported at a 49 percent decline in sales, while domestic sales increased by 27.91 percent. Sales in India accounted for 94.18 percent of the total sales. There’s an overlap in sales of larger cc bikes and exports as the auto manufacturer has been concentrating on exports of bigger cc bikes to establish itself as a global mid-segment manufacturer.
      Royal Enfield Sales April 2023
      Domestic Market Dominates: Royal Enfield’s April 2023 Sales Figures
      The data highlights that Royal Enfield’s popularity in the domestic market is strong. Decline in sales of models with engine capacity exceeding 350cc and exports could be due to the company’s concentration on exports of bigger cc bikes to establish itself as a global mid-segment manufacturer.
      While exports almost halved, above 350cc segment sales didn’t decline as much in the domestic market. This could indicate that more larger cc bikes were sold in the domestic market. However, decline in export sales is a cause for concern for the company as it represents a portion of their revenue.
      Royal Enfield’s April 2023 Sales: Domestic Market vs. International Market
      Overall sales suggests that domestic consumers prefer smaller engine capacity models, particularly Royal Enfield’s 350cc wide range of products. With a clear differentiation in model types and market segments, Royal Enfield is working on manufacturing expansion to achieve sustainable growth. The company needs is focused on strengthening its domestic market while improving its exports, particularly by introducing new models that cater to consumers’ preferences.
      In March 2023, the company sold a total of 72,235 motorcycles, representing a 1.25 percent month-on-month increase in April 2023. The data shows that MoM domestic sales increased by 15.02 percent, while exports declined by 65.55 percent. More

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      KTM 390 Adventure X Delivery Starts – LCD Display, MRF Tyres (Walkaround)

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      New KTM 390 Adventure X – Delivery StartsNew affordable 390 Adventure X will help target a wider audience base and also improve competencies against rivals like BMW G310GS
      KTM 390 Adventure is one of the best machines to explore the great outdoors. However, being the costliest KTM in India, it used to be out of reach of many enthusiasts. The new affordable 390 Adventure X variant is more accessible at Rs 2.80 lakh, which is 58k cheaper than the standard variant.
      KTM 390 Adventure X is cheaper than both 390 Duke and RC 390, which are priced at Rs 2,96,230 and Rs 3,16,070, respectively. As 390 Adventure X is probably the most versatile among the three, it can generate higher demand than earlier. Also, the price gap with 250 Adventure is now just around 35k, which presents a good upgrade opportunity.
      KTM 390 Adventure X Delivery Starts – First Look Walkaround
      Delivery of the KTM 390 Adventure X variant has now started. First batch owners have started taking the delivery. Speaking about the changes / missing features of 390X Adv, it does not get traction control, quickshifter and cornering ABS. It also misses out on the Metzeler tyres, and gets MRF tyres instead.
      Features that have been retained include dual-channel ABS. There is an option to switch off ABS on the rear wheel, which will be useful in off-road environments. It gets an LCD screen from the ADV 250, in place of the colour-TFT display available with the standard ADV 390 variant. Also missing is the adjustable brake lever.
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      There are no other changes to KTM 390 Adventure X. The bike continues with the aggressive LED headlamp, compact windshield, sleek turn signals, sporty rear-view mirrors, sculpted fuel tank, alloy wheels, rugged engine guard, split seat design and compact upswept exhaust. Colour options for KTM 390 Adventure X include Orange and Dark Galvano.
      KTM 390 Adv X gets LCD display from KTM 250 ADV
      Riding ergonomics are the same as the standard variant, featuring a wide handlebar and centrally mounted foot pegs. The scooped rider seat improves balance and handling and is also suitable for shorter riders. The bike has customizable foot pegs, wherein the rubber inserts can be removed for better grip on off-road tracks. The bike’s ergonomics are suited for both on-road and off-road environments.
      KTM 390 Adventure X performance, specs
      There are no changes to the engine either. The bike is powered by a 373.2 cc, liquid cooled motor that churns out 42.9 bhp of max power and 37 Nm of peak torque. It is mated to a 6-speed gearbox. KTM 390 Adventure X has a lightweight, yet rugged trellis frame, integrated with WP Apex USD forks at front and a monoshock unit at rear. Suspension travel is 170 mm and 177 mm, respectively. Braking duties are performed by 320 mm and 230 mm disc at front and rear, respectively.
      KTM 390 Adv X gets MRF Tyres
      As KTM 390 Adventure X retains all the core mechanicals, it presents the best value-for-money one can get in this segment. It is more powerful than the BMW G310GS and yet around 40k cheaper. Folks planning to invest in Royal Enfield Himalayan can also consider KTM 390 Adventure X as an upgrade option. The price gap with Himalayan stands reduced to 65k. More

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      KTM India Sales March 2023 – Duke, RC, 125, 200, 250, 390 ADV

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      KTM India Sales Mar 2023KTM sales more than doubled YoY both in domestic market and exports in March 2023 – It was MoM exports that declined
      KTM India has registered strong sales in March 2023. Total sales (domestic + exports) improved by 63.07 percent YoY to 11,952 units in March 2023 from 7,289 units sold in March 2022. It was a de-growth of 17.62 percent MoM from 14,509 units sold in Feb 2023.
      KTM sales increased 71.27 percent YoY and 7.55 percent MoM in domestic markets. Sales in March 2023 stood at 6,284 units, up from 3,669 units sold in March 2022 and from 5,843 units sold in Feb 2023. The month of March 2023 saw the company introduce a new variant of the KTM 390 Adventure called 390 Adventure X. It is below the Standard trim, missing out on several features that are available on the standard model and priced at Rs 2.8 lakh (ex-showroom).
      KTM India Domestic sales Breakup March 2023
      KTM’s 200 series (Duke + RC) saw maximum sales in domestic markets with 2,915 units sold in the past month, up 50.03 percent over 1,943 units sold in March 2022. This was a 972 unit volume growth with the KTM 200 commanding a 46.39 percent share. MoM sales however, dipped 10.42 percent from 3,254 units sold in Feb 2023.
      A 11.44 percent YoY and 3.94 percent MoM sales of KTM 250 (Duke + ADV) have been reported in March 2023. Sales in March 2023 stood at 1,715 units, up from 1,539 sold in March 2022. Feb sales had been at 1,650 units. Share percent stood at 27.29 in the past month.
      KTM Domestic Sales March 2023
      In 3rd place was the KTM 390 series (Duke + RC + ADV) which has seen the maximum YoY growth. Sales stood at 1,208 units in March 2023, up 120700 percent from just 1 unit sold in March 2022. It was also a 92.05 percent MoM growth from 629 units in Feb 2023. Sales of the KTM 125 (Duke + RC) also increased by 139.78 percent to 446 units in March 2023 from 186 units sold in March 2022 while MoM growth was at 43.87 percent over 310 units sold in Feb 2023.
      KTM India Exports Breakup March 2023
      Total exports on the other hand, saw a 56.57 percent YoY growth but fell 34.59 percent on a MoM basis. Exports which had been at 3,620 units in March 2022 improved to 5,668 units in March 2023. It had been higher at 8,666 units in Feb 2023. In export markets, it was the KTM 390 that commanded the most attention. Sales improved by 84.07 percent to 2,496 units in March 2023 from 1,356 units sold in March 2022 with a 44.04 percent share. MoM sales fell by 50.63 percent from 5,056 units sold in Feb 2023.
      KTM 200 series (Duke + RC) was next on the export list with a 104.80 percent YoY growth and 4.32 percent MoM growth to 1,450 units shipped in March 2023. This was as against 708 units and 1,390 units exported in March 2022 and Feb 2022 respectively.
      KTM Exports March 2023
      The KTM 125cc series saw YoY increase in exports by 18.28 percent to 1,294 units while MoM sales dipped 18 percent. The KTM 250 on the other hand posted a de-growth both in terms of YoY (-7.36 percent) and MoM (-33.33 percent) down to 428 units in the past month. This was against 462 units shipped in March 2022 and 642 units exported in Feb 2023.
      KTM Total Sales March 2023
      Total sales stood at 11,952 units in March 2023, a 63.97 percent YoY growth from 7,289 units sold in March 2022. MoM sales dipped 17.62 percent. Every model on the list has posted a MoM de-growth in terms of total sales brought down due to a dip in export figures. It was the KTM 200 series that topped the total sales list with 4,365 units sold in March 2023 up 64.65 percent over 2,651 units sold in March 2022. It was a 6.01 percent MoM de-growth from 4,644 units sold in Feb 2023.
      KTM Total (Sales + Exports) March 2023
      KTM 390 sales also grew by 172.96 percent YoY to 3,704 units in March 2023 but fell 34.85 percent MoM. KTM 250 series saw a 7.10 percent YoY growth to 2,143 units in the past month but fell 6.50 percent MoM from 2,292 units sold in Feb 2023. YoY growth in total sales were also seen for the 125 series up 35.94 percent YoY to 1,740 units from 1,280 units sold in March 2022 while MoM sales dipped 7.84 percent over 1,888 units sold in Feb 2023. More

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      Yamaha Sales, Exports March 2023 – FZ, R15, MT15, Fascino, RayZR

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      Yamaha R15FZ series commanded the domestic sales list for Yamaha Motor in March 2023 with the R15 taking a second spot
      Yamaha saw its domestic sales improve YoY and MoM while its export performance ended in the negative. The company sold a total (domestic + exports) of 57,124 units in March 2023. This was against 70,420 units sold in March 2022 which was on account of lower exports. Sales in Feb 2023 (domestic + exports) stood at 55,091 units relating to a MoM de-growth as well and also due to lower exports numbers.
      Yamaha sales stood at 43,561 units in March 2023. This was a 9.73 percent YoY growth over 39,697 units sold in March 2022. MoM sales also improved by 10.57 percent from 39,397 units sold in Feb 2023. Yamaha had the FZ in top form both in domestic and global markets in March 2023.
      Yamaha Sales Breakup March 2023
      It was the Yamaha FZ that accounted for the most sales despite a YoY de-growth. There were a total of 19,092 units sold in the past month, down 17.05 percent from 23,016 units sold in March 2022. MoM sales improved by 10.60 percent over 17,262 units sold in Feb 2023. The FZ series currently commands a 43.83 percent share in the company lineup.
      At No. 2 was the Yamaha R15 with a 31.43 percent YoY growth but 1.51 percent decline in sales on a MoM basis to 7,581 units. There had been 5,768 units and 7,697 units of this model sold in March 2022 and Feb 2023 respectively. Earlier this year, the company updated the R15 with new colours and TFT display. Yamaha MT15 sales were at 6,201 units in the past month, a MoM growth of 1.13 percent from 6,132 units sold in Feb 2023. In Feb 2023, the company introduced the updated MT15 which this time round comes in with several feature updates and new colour schemes.
      Yamaha India Sales, Exports March 2023
      Fascino sales improved YoY by 39.02 percent to 5,661 units in March 2023 from 4,072 units sold in March 2022 and by 66.70 percent MoM from 3,396 units sold in the said month. Ray ZR sales dipped 2.74 percent YoY to 5,026 units from 6,341 units sold in March 2022. It was a MoM improvement by 4.93 percent from 4,790 units sold in Feb 2023. FZ25 sales were down to 0 units in the past month even as the company had seen sales of 500 units in March 2022 and 120 units in Feb 2023.
      Yamaha India Sales March 2023
      Yamaha Exports March 2023 Breakup
      Exports of Yamaha Motor India dipped 55.87 percent YoY and 13.58 percent MoM to 13,563 units in March 2023. This was against 30,731 units shipped in March 2022 relating to a 17,168 unit volume de-growth. Exports in Feb 2023 stood at 15,694 units.
      At No. 1 on the export list was the Yamaha FZ with 3,746 units shipped in the past month, down 72.60 percent over 13,670 units sold in March 2022. This was a 9,924 unit volume de-growth with the FZ series commanding a 27.62 percent on this list. MoM sales also fell by 47.31 percent over 7,110 units shipped in Feb 2023.
      Yamaha India Sales, Exports March 2023
      Sales improved YoY and MoM for the Yamaha Saluto to 3,400 units with a 25.07 percent share. However, the higher YoY growth was reported for the Saluto RX that improved 2416.67 percent to 1,812 units in March 2023 from just 72 units shipped in March 2022. MoM sales also increased by 7.47 percent over 1,686 units exported in Feb 2023.
      The export list also had the Ray ZR (1,664 units), MT15 (1,240 units), FZ25 (952 units) and SZ (512 units) out of which it was only the MT15 that posted 1450 percent YoY growth. Exports of the R15 dipped YoY and MoM by 66.95 percent and 40.45 percent to 237 units. This was against 717 units exported in March 2023 and 398 units in Feb 2022. Exports of the YD125, Crux and Alpha which had accounted for good numbers in March 2022 have since been discontinued. More

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      Yulu Wynn Electric 2W Launch Price Rs 55k – Made By Bajaj Chetak

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      Yulu Wynn Electric 2WYulu Wynn is a low-speed electric scooter and comes with battery-swapping tech
      The steady growth of India’s 2W EV market has resulted in new launches very often. The latest electric two wheeler to be launched is Yulu Wynn. With this, the brand has forayed into personal EV space.
      Yulu Wynn costs Rs. 55,555 and bookings have commenced. The quoted price is introductory and is a limited-period offer only. Once the offer has expired, prices go up to Rs. 59,999. This is an increment of Rs. 4,444 after the introductory offer expires. Prospective buyers can book Yulu Wynn for a nominal price of Rs. 999 (fully refundable).
      Made by Bajaj Chetak – CTL (Chetak Technologies Ltd)
      One doesn’t require a driving license to ride Yulu Wynn. This means a top speed capped at 25 km/h. Specs, range and other details are not yet out. CTL (Chetak Technologies Ltd), a subsidiary of Bajaj Auto, which manufactures Yulu Wynn.
      Rakesh Sharma, Executive Director, Bajaj Auto Ltd., said, “Mobility is still quite underserved in our country and there is a huge scope for new mobility categories built around continuously changing user needs. We are delighted to see Yulu enter the personal mobility space with the Wynn to offer easy mobility to a wide base of users. Wynn will be built at our CTL plant and will have the same world-class quality that Bajaj vehicles are known for.”
      Yulu Wynn Electric 2W
      Yulu Wynn is a single seater personal use electric scooter
      One look at Yulu Wynn is enough to see that it is an appealing product. Especially in Ravishing Red shade. It is small, light and easy to ride and own. It is a strict single-seater. Seat squab can accommodate just one rider and there are no footpegs for a pillion anyway. Body panels are minimal and there is a vertical LED headlight setup too.
      A tubular frame underpins Yulu Wynn. There is a hub motor, propelling the rear wheel. Yulu cleverly offers battery as a service. Hence the attractive up-front cost. Lower by up to 40% as opposed to rivals. Yulu offers mobility subscription packs. Battery swapping happens at Yuma Energy swapping stations (JV between Yulu and Magna).
      If that is not your intended use, you can buy a wall charger as an accessory too. For additional cost, of course. Yulu Wynn promises a truly keyless experience. Family sharing is instant as per Yulu. At Rs. 55,555 introductory price, Yulu Wynn is a compelling city vehicle for personal use. If the 25 km/h top speed is not a concern, obviously.
      New Yulu Wynn deliveries will commence from mid-May. There are two colours to choose from, Scarlet Red and Moonlight White. The company intends to extend its battery-swapping stations for added convenience. More

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      New KTM Duke 390 Fully Spied – LED Headlight, Tail Light, Alloys

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      New KTM Duke 390 Spied. Images – MotorradWith refreshed looks and new componentry, next-gen KTM 390 Duke has achieved a sportier profile in comparison to the current model
      Next-gen KTM 390 Duke has been spotted in production-ready format, indicating towards its launch in coming months. The last time the bike had received a major overhaul was back in 2017, when the BS4 version was launched. In the next stage of its evolution, the bike packs in a new colour scheme, more pronounced bodywork and updated cycle parts.
      New KTM 390 Duke is likely to debut first in international markets, before being launched in India. It will continue to rival the likes of Kawasaki Z400 and BMW G310R. With the new equipment, prices are likely to be bumped up. The current model is available at a starting price of Rs 2.97 lakh.
      Next-gen KTM 390 Duke – what’s new
      Visual updates for new-gen KTM 390 Duke include a new colour theme, based on the larger capacity 1290 Super Duke R. Introducing blue shade to the mix ensures a more dynamic profile for the bike.
      The current model is available in colour options of Dark Galvano and Liquid Metal. Both these are largely a mix of black and KTM’s signature orange shade. The blue and white shade used in the new colour scheme helps moderate the bike’s aggressive stance; achieving affable overtones.
      New KTM Duke 390 Spied
      At front, next-gen KTM 390 Duke gets a new LED headlight. It is a leaner unit that does away with the plastic shrouds seen with current model. Switchgear and TFT dash are new as well, indicating that the bike could be equipped with IMU. It will enable new features such as traction control and cornering ABS. Other updates include a reworked swingarm and refreshed tail light. It is wearing orange alloys.
      New KTM Duke 390 Spied
      Design of the fuel tank and tank extensions have been updated for a more muscled look and feel. Tank extensions get cut-outs and refreshed grooves, which are likely there for improving aerodynamics and engine cooling. Change in fuel tank design could result in a change in fuel storage capacity. Existing KTM 390 Duke can store 13.4-litres of fuel.
      Next-gen KTM 390 Duke – New hardware
      Some of the updates that are clearly evident include new design for the engine casing and reworked exhaust routing. The coolant reservoir has been relocated and an O2 sensor has been placed on the exhaust header pipe. What is not known at this point of time is whether the bike’s engine will get a performance boost or if it will come with higher displacement. In its current format, KTM 390 Duke is equipped with a 373.27 cc, liquid cooled engine. It generates 43.5 PS of max power and 37 Nm of peak torque.
      New KTM Duke 390 Spied
      Another significant update is adjustable front forks, as evident with the adjusters attached to fork caps. However, this feature could be exclusively for export markets. Made-in-India smaller capacity KTM bikes are meant for both domestic and export markets. It is possible that adjustable front suspension could be offered as an optional feature with new 390 Duke in India.
      Next-gen 390 Duke has an offset monoshock suspension, which could be adjustable for rebound and preload. Something similar is already available with existing RC 390. Braking hardware for new 390 Duke has also been updated. As compared to the current model, the disc and calliper are mounted on the right-hand side.

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      2023 Yamaha Neo’s Electric Scooter – New Colour Launched, Price Hike

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      2023 Yamaha Neo’s Electric ScooterYamaha Neo’s electric scooter has showcased to dealers in India – Yamaha is working on launching an electric scooter soon
      Yamaha currently sells the R15, MT-15 and FZ range of motorcycles in India while the company’s scooter range includes the likes of Aerox 155, RayZR Street Rally 125 FI, RayZR 125 FI and Fascino 125 FI. The electric two wheeler segment has seen a near 188 percent YoY growth in FY2023 from sales in FY 2022 and Yamaha expects to garner some portion of this pie.
      Keen to have an electric offering in the country where demand is increasing by leaps and bounds, a new Yamaha electric scooter India launch is planned for next year. Yamaha has already showcased two electric scooters to their dealers in India. These are E01 and Neo’s. Both these electric scooters are likely to play a major role in Yamaha’s global two wheeler EV portfolio.
      2023 Yamaha Neo’s Electric Scooter
      Yamaha has updated the Neo’s electric scooter with new features and colour schemes. It gets a new turquoise colour scheme as a part of its update for the 2023 model year. This new colour option is being offered along with Midnight Black and Milky White that have been available on the NEO’s electric scooter ever since its launch in 2022.
      Yamaha Neo’s electric scooter sports retro styling with sleek lines and minimalist body work. It gets LED headlamps with LED DRLs, LED tail lamps positioned on its number plate LED turn signals. There is an LCD display with smartphone connectivity, offering the rider updates on battery status, calls, messages and route tracking.
      2023 Yamaha Neo’s Electric Scooter
      Battery Specs, Range
      Yamaha Neo’s electric scooter draws its power via a 2.03kW electric motor paired with two removable lithium-ion batteries. Yamaha claims a 70 km range on the Neo’s electric scooter and a top speed limited to 40 km/h.
      Charging time is around 8 hours. In 2022, the Yamaha Neo’s electric scooter was priced at 3,199 Euros (US $3,527 or Rs 2.88 lakh). Following its recent update, it now sells at 3,599 Euros (US $3,968 or Rs 3.24 lakh).
      New Yamaha Electric Scooter for India
      Compared to the electric scooters on sale in India, the Yamaha Neo’s seems a lot more expensive. India launch of the Neo’s might not happen. Instead, we are more likely to get a Neo’s based localized version of Yamaha electric scooter.
      2023 Yamaha Neo’s Electric Scooter
      Yamaha has confirmed that the prototype testing of their first electric scooter for India has started. Launch is expected sometime next year. Upon launch, it will rival the likes of Ather 450X, TVS iQube, Bajaj Chetak, Hero Vida, etc. Yamaha electric scooter price could be in the Rs 1.5 lakh range. More

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      Royal Enfield Himalayan 450 Inching Towards Launch – New Spy Shots

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      New Himalayan 450 Liquid-cooled EngineThe 450cc liquid-cooled engine on Royal Enfield Himalayan 450 is expected to develop 35 bhp power and 40 Nm torque
      Royal Enfield is expanding its portfolio to include a new 450cc lineup. The first of which is likely to be Himalayan 450, followed by Scram 450 at a later date. Both these motorcycles will sit above the current 411cc Himalayan and Scram lineup. Royal Enfield’s new 450cc platform is likely to be in final testing stages.
      This new 450cc motor will throw powerful jabs against fast-paced rivals like BMW G 310 GS and current 390 Adventure and upcoming 2024 KTM 390 Adventure. Another rival will be the upcoming Hero Xpulse 420. Recent spy shots reveal most of the componentry and hardware offered by Royal Enfield. Let’s take a look.
      The beefy Royal Enfield Himalayan 450
      After Classic 350 Bobber test mules, we get to witness Himalayan 450 testing as well. For starters, Royal Enfield has used hard cladding instead of wraps or soft cladding to camouflage its upcoming motorcycle. It reminds me of creative improv masks from Covid-19 pandemic era. Except for that, there are a lot of firsts associated with this upcoming motorcycle.
      Himalayan 450 is the first single-cylinder motorcycle from the company to get LED headlights, LED turn indicators, USD front forks, and a fully digital instrument cluster among others. Other 350cc and 411cc motorcycles from Royal Enfield miss out on these features. In terms of powertrain-related firsts, Himalayan 450 will be the first single-cylinder bike to get a liquid-cooling setup and rumoured to get a 6-speed gearbox.
      New Himalayan 450 Digital Console
      To keep costs in check, Royal Enfield is unlikely to offer ride-by-wire, slip and assist clutch, quick shifter and the likes. That said, dual-channel ABS with switchable functionality at the rear wheel is highly probable. Allowing fast-paced rear wheel turns and associated fun. The fully digital instrument cluster can get navigation and Bluetooth functionality built-in, negating the need for a Tripper screen.
      A large radiator at front, upmarket switchgear, a new sump guard, grippy off-road foot pegs with removable rubber, and a new brake fluid reservoir are notable elements. Royal Enfield isn’t offering fins on the engine for the retro vibe as Jawa Adventure does. The test mule looks production ready.
      Performance, handling, price, rivals
      Exact figures for the new 450cc engine are not yet out. 35 bhp of power and 40 Nm of torque are likely figures. Rider’s triangle is fairly comfortable with an upright riding position. Standing and riding should be easy as well. The rumoured sixth gear will offer better long-leggedness, sitting at lower engine speeds at higher vehicle speeds.
      New Himalayan 450 USD Forks
      The front wiser looks like it offers decent wind protection, and seats look comfy enough as well. We would have liked wire-spoke wheels with tubeless tires. But that is not the case. Front 19” and rear 17” wheel sizes could be similar to Himalayan 411 as well. Royal Enfield Himalayan 450 prices could be around Rs. 2.5 lakh. Launch expected early next year. More