Employees work on an assembly line of Hero Motocorp during a media tour to the newly opened plant in Neemrana, in the desert Indian state of Rajasthan, Oct.20, 2014.
Hero to launch new motorcycle under Rs 30,000. Picture: Employees work on an assembly line of Hero Motocorp during a media tour to the newly-opened plant in Neemrana, Rajasthan.REUTERS/Anindito Mukherjee

If the emerging reports are anything to go by, Hero MotoCorp is working on a new commuter motorcycle for the Indian market, which would rival Bajaj's new CT100B. Hero's rumoured bike is expected to cost less than Rs 30,000.

According to a ShiftingGears report, Hero is working on a new low-cost bike that would embark on its testing phase soon in the country. The bike, which is currently said to be in its initial stages of development, would be priced below Hero's HF Dawn. Hero HF Dawn has been priced at Rs 39,470 (ex-showroom). Other details about the new entry-level bike of Hero are scanty at this point of time.

Meanwhile, rumours are rife that Hero Splendor iSmart 110, the first in-house-made bike of the company, which was unveiled at the Auto Expo 2016, will be launched in India in April this year. Hero Splendor iSmart 110 is powered by an air cooled single cylinder 4-stroke 110cc engine, which can churn out 8.9bhp at 7,500rpm and 9Nm at 5,500rpm. The engine comes mated to a four-speed gear box.

At the Auto Expo, Hero had showcased red and black, and blue and black colours of the Splendor iSmart 110. In India, the bike is expected to get a price tag of around Rs 58,000 (ex-showroom).