Tweet
Garware Motors aims to sell 2,000 Hyosung bikes in India this year
MUMBAI: Pune-based Garware Motors targets a sale of 2,000 Hyosung bikes this year and expand its dealership to 15 pan-India in the next three-months, a top company official said.
The company, along with South Korea's S&T Motors, had launched two Hyosung branded premium bikes in the country earlier in the week.
"We are targeting a sale of 2,000 bikes this year. We are in the midst of expanding our dealerships -- we presently have five which we plan to increase to 15 in the next three-months," Garware Motors' Managing Director, Diya Garware, told reporters here today.
The bikes are priced between Rs 4.97-lakh and Rs 5.96-lakh (ex-showroom, Mumbai), she said.
The company plans to open five dealerships in Hyderabad, Cochin, Chennai, Ahmedabad & Chandigarh within next two-months.
The company has launched its GT650R ( bike), powered by a 650 cc engine, in two options for Rs 4.97-lakh (single colour) and Rs 5.13-lakh (double colour). It has also rolled-out a 700 cc cruise bike, ST7, for Rs 5.96-lakh.
"We are the first Indian company to launch bikes in the 650-700 cc segments. We are happy to bring to India the Hyosung bikes by S&T Motors of South Korea. We plan to add their entire range of bikes into our collection in the next three-years," Garware said.
This is the second entry for the Hyosung brand in India. In 2004, the company, then known as Hyosung, had forayed into the Indian market under a different management.
In 2007, the Hyosung Motors Division was acquired by the S&T Group, which has retained the brand name 'Hyosung'.
For its latest Indian venture, S&T Motors has formed a partnership with home-grown Garware Motors, which has invested Rs 20-crore to set up the assembly line at Wai with a production capacity of 8-10 bikes per day on a single shift.
Source: http://articles.economictimes.indiat...and-superbikes
The company, along with South Korea's S&T Motors, had launched two Hyosung branded premium bikes in the country earlier in the week.
"We are targeting a sale of 2,000 bikes this year. We are in the midst of expanding our dealerships -- we presently have five which we plan to increase to 15 in the next three-months," Garware Motors' Managing Director, Diya Garware, told reporters here today.
The bikes are priced between Rs 4.97-lakh and Rs 5.96-lakh (ex-showroom, Mumbai), she said.
The company plans to open five dealerships in Hyderabad, Cochin, Chennai, Ahmedabad & Chandigarh within next two-months.
The company has launched its GT650R ( bike), powered by a 650 cc engine, in two options for Rs 4.97-lakh (single colour) and Rs 5.13-lakh (double colour). It has also rolled-out a 700 cc cruise bike, ST7, for Rs 5.96-lakh.
"We are the first Indian company to launch bikes in the 650-700 cc segments. We are happy to bring to India the Hyosung bikes by S&T Motors of South Korea. We plan to add their entire range of bikes into our collection in the next three-years," Garware said.
This is the second entry for the Hyosung brand in India. In 2004, the company, then known as Hyosung, had forayed into the Indian market under a different management.
In 2007, the Hyosung Motors Division was acquired by the S&T Group, which has retained the brand name 'Hyosung'.
For its latest Indian venture, S&T Motors has formed a partnership with home-grown Garware Motors, which has invested Rs 20-crore to set up the assembly line at Wai with a production capacity of 8-10 bikes per day on a single shift.
Source: http://articles.economictimes.indiat...and-superbikes
Comment