The Indian distributor of the Benelli and Keeway motorcycle brands, Adishwar Auto, has announced a significant price cut for the Leonicno 500, 502C, and Keeway K300 N.
Revised Prices for Benelli and Keeway Models
The Leoncino 500 is currently available for 4.99 lakh rupees, which is 61,000 rupees less than the 2023 model. The cost of the 502C has decreased by Rs. 60,000 to Rs. 5.25 lakh. However, the Keeway K300 N is now 26,000 less expensive, with a revised price tag of Rs. 2.29 lakh. All of these rates are ex-showroom and will be in effect starting on February 8 for all models made in 2024.
Market Implications and Customer Response
These price reductions imply that Indian customers aren’t considering purchasing these motorcycles. In addition, Benelli and Keeway motorcycles need to sell well because they have a sizable network of showrooms and an extensive after-sales network. However, this is only anticipated to occur if the bikes are priced competitively. It will be fascinating to observe how these price reductions are received by the market. It’s likely that a sizable number of customers will begin to pour into the Benelli showrooms.