royal enfield plans to launch four new products including the re himalayan 450 roadster and re shotgun 650 in the ongoing financial year said industry sourcesleading domestic twowheeler makers like hero motocorp honda motorcycle scooter india and bajaj auto are set to launch nearly a dozen midweight bikes over the next few months challenging the dominance of eicher motors royal enfield classic and bullet which have been longtime favourites on indian roadsin july hero motocorp will introduce its first motorcycle developed in collaboration with harley davidson it is slated to be among the most affordable products from the stable of the cult american bike maker advt also on the cards are the next generation ktm 390 duke from the house of bajaj aprilia rs 440 yamaha mt03 and yzfr3while demand for entry bikes has remained subdued amid weak consumer sentiment in rural markets that for premium bikes has witnessed strong recovery among the young after the pandemic with aspirational buyers looking at purchasing twowheelers not just for daily commute but the whole experience of motorcycling which includes rides community merchandise accessories and connected technologies this is prompting twowheeler makers into action in this category said industry stakeholderssales of motorcycles with engine capacities ranging from 250cc to 750 cc in fact increased by 38 last fiscal more than double of the overall twowheeler category shows data available with industry body society of indian automobile manufacturers siameicher motors managing director siddharth lal told et the market for midweight motorcycles in india is growing at a brisk pace with the country accounting for half of the 2 million midsize motorcycles sold annually the world overif you look at the midweight category 250cc to 750cc category globally half of it is indiaif we werent around it wouldnt have sort of come around because we have 90 of that market lal said and weve created that market from scratch pretty much advt overseas royal enfield has a 10 market share but lal said the company can not only become a leader in the middleweight globally which of course is our ambition but that we can grow the market also from a million to much more as weve done in indiato this end royal enfield plans to launch four new products including the re himalayan 450 roadster and re shotgun 650 in the ongoing financial year said industry sourceshero motocorp chief executive officer niranjan gupta said premium is growing much faster than the commuter you can already see that one part of india has started growing and started spending and being more confident about itthe harley davidson x440 to be manufactured in india by hero motocorp is the first of a range of products the duo plan to codevelop to expand footprint in the performance bike segmentgupta declined to share the specifics of products the company is planning in the premium segment but said there will be big launches that will then ensure that we can build the right premium portfolio and get our market