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Dealers for Triumph Motorcycles are offering an exchange scheme for owners of Royal Enfield motorcycles. Dealers across Mumbai, Pune, Bangalore, and Delhi are offering up to Rs 1.5 lakh in exchange for any Royal Enfield model. The exchange offer however, is restricted only to the Triumph Street Twin model.
Mumbai and Pune dealers have confirmed that they are offering a flat Rs 1.5 lakh, without conditions, for any RE model. Dealers at Bangalore and Delhi however are willing to offer up to Rs 1.5 lakh depending on the model and the condition of the Royal Enfield motorcycle.
The Rs 1.5 lakh being offered is paid towards a new Triumph motorcycle. Dealers say that the money can either be used as a down payment or used as part of a full pay-out for a new motorcycle.
Should one choose to use the Rs 1.5 lakh as a down payment, an additional Rs 34,000 has to be paid towards insurance at the time of booking the motorcycle. Insurance is valid for five year, and is broken down as fully comprehensive for the first year, and third-party for the full period of five years.
In addition, the Mumbai dealer is willing to offer the exchange on Royal Enfield motorcycles that are registered in a different state. They require a No-Objection Certificate from the registering RTO, and a set of Form 29, Form 30, and Form 31, to be signed by the owner of the Royal Enfield motorcycle.
This is good news for those who own Royal Enfield's 500cc motorcycles and want to upgrade. Royal Enfield is planning to stop production of its entire range of 500cc motorcycles that include the Bullet 500, the Thunderbird 500, and the Classic 500.
The current-generation Triumph Street Twin is powered by a 900cc liquid-cooled engine that produces 64bhp of power and 80Nm of torque. The engine is mated to a five-speed gearbox. The Street Twin is priced at Rs 7.70 lakh (ex-showroom, India).
Thoughts About The 1.5 Lakh Being Offered For A Royal Enfield Motorcycles
This is a smart move by Triumph dealers, and the Mumbai and Pune based dealers are playing their cards to perfection. Any one selling a Royal Enfield expects over a lakh rupees for the motorcycle. The real question however is, does a Royal Enfield owner want to move to a Triumph? Royal Enfield owners are used to paying a few thousands for a service, and the biggest advantage they have is that any mechanic, across the country, can fix any Royal Enfield motor.