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MODENAS WILL LAUNCH ELECTRIC MOTORCYCLE AFTER ELEGAN 200

By • Aug 12th, 2010 • Category: ! Product News

MODENAS WILL LAUNCH ELECTRIC MOTORCYCLE AFTER ELEGAN 200
Motosikal Dan Enjin Nasional Sdn Bhd (Modenas) aims to sell 65,000 units of Modenas motorcycle models in 2010 with the launched of new modenas scooter, Modenas Elegan 200 and the Modenas electric bike expected before end of the year.
The newly launched Elegan 200 is a 175cc four-cyclinder engine with a liquid cooling system comes in three color. Elegan 200 price is expected to be retailed at RM8,500 subjected to approval.

In other hand, the Malaysia fully electric motorcycle will using a ready motorcycle frame that has been homologated with changing the drive system and the engine system. The electric motor still waiting for legislation approval to launch and it will be launched at very affordable pricing.

Extension models derived from the current product line up will be launched next year.
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Modenas Expects To Sell 65,000 Motorcycles This Year

SHAH ALAM, August 5 (Bernama) — Motosikal Dan Enjin Nasional Sdn Bhd (Modenas) aims to sell 65,000 units of its motorcycle models this year.

“It is a big jump for us but I think we have the right products this year to achieve this sales target, with newer products coming in after the Raya celebrations and also before the new year,” said Modenas chief executive officer Bastamam Hamzah.

Extension models derived from the current product line up will be launched next year, he said at the launch of the company’s new scooter model, the Elegan 200.

For its last financial year, Modenas achieved total sales of 54,000 units of its motorcycle models.

The company will need to sell at least 6,000 more units to achieve its target this year.

According to Bastamam, the motorcycle industry grew by 14 per cent from January to June this year.

“The increase was driven by recovery of the economy that improved the buying power of consumers. We predict overall motorcycle industry sales this year to increase by 10 per cent which will total 500,000 units,” he said.

Though the industry performance had improved, due to the introduction of new models from other companies, Modenas remained with 10 per cent market share, he said.

The company planned to launch another new model, an electric-based motorcycle, with the aim of increasing its market share to 13 per cent.

“As far as we are concerned, what have we done with electric bike is very simple. We kept a motorcycle frame that has been homologated and changed just the drive system and the engine system, the engine now is fully electric with its own electronic module and chain drive but the rest of the bike is still motorcycle,” Bastaman said.

“We are still waiting for legislation approval to launch the motorcycle and it will be launched at very affordable pricing,” he said.

On the export business, Bastamam said the company had achieved close to over 4,000 units for export this year and was currently working hard to enter the Asean market.

The newly launched Elegan 200 is powered by a 175cc four-cyclinder engine with a liquid cooling system.

The scooter comes in only one variant, with three colors to choose from.

It is expected to be retailed at RM8,500, once approval from the Finance Ministry has been obtained.

— BERNAMA

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One Response »

  1. 175 cc four-cylinder?
    or is it a four stroke one-cylinder engine

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