The new generation Pulsar NS 160 caters to the fast- growing segment of customers who seek premium quality, international style and performance, Bajaj Auto said in a statement.
Eric Vas, President of Motorcycle Business at Bajaj Auto, said that post demonetisation there has been a significant decline in the sales of 2-wheelers. It was 50 percent in rural India and 25 percent in urban areas.
The two-wheeler major further plans to hike the production of the bike, which has been crafted from the metal of INS Vikrant, in order to meet demand.
The new variant, CT100B, delivers a fuel economy of 99.1 kmpl and comes with a two-year warranty, the company said in a statement.
The commuter segment bike is expected to be priced between Rs 60,000 to Rs 70,000 (ex-showroom Delhi). Sales of the bike would commence from March and the final pricing would be announced at that time.
Buoyed by robust response to new sports bike Pulsar RS200, Bajaj Auto is ramping up monthly production of the motorcycle model by over two-fold to 4,000 units in the next two months.
Two wheeler major Bajaj Auto is looking at expanding its Chakan plant capacity in Maharashtra as part of its plans to raise its market share to 23 percent from the current 17 percent.
Pulsar sells more than 55,000 units every month in the domestic sports motorcycle market with a leadership market share of 43 percent making it India's no.1 sports bike for 14 years in a row.
The Pune-based company had earlier raised prices of its Pulsar model range by Rs 1,000 at the end of festival season this year.
Two-wheeler major Bajaj Auto today said it has made changes in the organisational structure effective October 1.