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Thread: Korea's Hyosung to announce re-entry into India by Oct-end

  1. #1
    Moderator Samarth 619's Avatar
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    Default Hyosung releasing GT 650R and ST7 in India (Nov-Dec).

    Official press release:

    Garware Bestretch Limited Ventures into the Automotive Sector

     Launches Garware Motors Limited, a wholly owned subsidiary of Garware Bestretch Ltd
     Announces partnership with Korean giant S&T Motors a part of S&T Corporation
     Sets up assembly line in Wai and plans to sell 2000 units in the first year of operation

    Pune, 27 October 2010: Garware Bestretch Limited, one of the world's leading manufacturers and exporters of Latex and Latex-Free Elastic Rubber Products today announced their maiden business venture into the automotive segment with the launch of Garware Motors Limited. On this occasion, Garware Motors announced their association with Korean giants S&T Motors, who will partner Garware Motors for assembling, marketing and selling ‘Hyosung’ two wheelers in the Indian market.

    S&T Motors are world class technology giants in the South Korean market since 1978. Garware Motors with the help of S&T Motors will set up an assembly plant at Wai in Maharashtra with a capacity to manufacture 8-10 bikes a day. The plant would have a full fledged assembly line, CKD storage facility, test track and a quality centre. ‘Hyosung’ will be providing Garware Motors with technical & manpower support right from setting up the assembly plant, assembling the product, sales & marketing as well as after sales service. Garware Motors will introduce motorcycles and cruisers in the untapped 650cc-700cc segment for the first time in India. Garware Motors will aim to provide the Indian consumer with a world-class biking experience in the affordable luxury segment

    Speaking on this occasion, Diya Garware Ibanez, Managing Director of Garware Motors, said, “We are glad to be associated with a brand like Hyosung which is known for its stylized powerful bikes at affordable prices. We want to emulate their global success in the Indian market and develop a new segment whose potential is waiting to be unleashed. Hyosung has the experience, technology and product mix required for the Indian market. We plan to leverage each other’s strengths to make a mark in the Indian market. With rising incomes, Indians want more and we believe there will be a good demand for our motorcycles in this untapped segment”

    “With India being the second fastest growing auto market and this segment witnessing robust growth over the past decade, joining our complementary forces can help us tap the mushrooming market. Hyosung’s capabilities with extensive global market knowledge and presence of Garware Motors in the Indian market will help us to be more effective.” said Jimmy Park, Chief Operating Officer, S&T Motors

    Garware group is not new to the automotive business in India. Established in the year 1933 by noted businessman and industrialist- Mr. B.D. Garware, Garware Motors Ltd imported cars like Jaguars and Lagondas into India which provided luxury transportation to the country’s royalty.

    About Garware Bestretch:
    Established in 1994, Garware Bestretch Limited (formerly known as Bestretch Elastomers International Limited) is one of the world's leading manufacturers and exporters of Latex (Natural Rubber) and Latex-Free (Synthetic Polyisoprene) Elastic Rubber Products. Garware Bestretch Limited (GBL) is a part of the multimillion-dollar RBG Group of companies that has interests in synthetic ropes, twines, nets, rubber tapes, sheets, threads, medical tapes and infrastructure building.

    About S&T Motors (Hyosung) :
    Founded in 1978 as a division of the Hyosung Group of industries, Hyosung began producing Japanese Suzuki motorcycle designs under license for the South Korean market in Changwon, South Korea in 1979. In 1986, they established their own research and development center in Hamamatsu, Japan, and the next year, they began mass production of their own designs. They were the official motorcycle supplier for the 1988 Summer Olympics in Seoul. In 2003, Hyosung Motors & Machinery Inc. was spun off from the Hyosung Group to become its own corporate entity. In June 2007, Hyosung Motors Division was acquired by a Korean company, namely, S&T Group (Science and Technology), and the name changed to S&T Motors.


    Hyosung releasing GT 650R and ST7 in India (Nov-Dec this year).

    GT 650R is a v=twin sportsbike with 80 PS and 67 NM. ST7 is a 678cc vtwin cruiser.

    GT 650R is expected for 4Lacs ex showroom.

    Source: Bike India Aug 10 Issue.

    Can't type more... My right hand's fractured due to accidnt. Some idiot was riding light less at night, from wrong side. I'm using left hand only now.
    Last edited by sunilg; 10-28-2010 at 05:38 PM.

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    Super Moderator sunilg's Avatar
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    News approved.
    (Been There Done That) x 3.25

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    Addicted devrockz's Avatar
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    is this news confirm...what is the source ....?

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    Rusted nagoo's Avatar
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    Quote Originally Posted by Samarth 619 View Post
    Hyosung releasing GT 650R and ST7 in India (Nov-Dec this year).


    GT 650R is a v=twin sportsbike with 80 PS and 67 NM. ST7 is a 678cc vtwin cruiser.

    GT 650R is expected for 4Lacs ex showroom.

    Source: Bike India Aug 10 Issue.
    its already posted in the forum , request mods to merge it with Speculation Thread.

    Quote Originally Posted by Samarth 619 View Post
    Can't type more... My right hand's fractured due to accidnt. Some idiot was riding light less at night, from wrong side. I'm using left hand only now.

    sad to hear it .... Get well soon man ...

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    Rusted yamahatrooper's Avatar
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    Quote Originally Posted by nagoo View Post
    its already posted in the forum , request mods to merge it with Speculation Thread.

    ...
    I gues this is not a mere speculation and the the two above mentioned bikes are set to come to india. Bike India's this month issue had a road test report of both the bikes. And as I was reading the mag today was wondering how come no one on Xbhp had got a wind of this..Mods i guess we can leave this thered on.
    "I set out running but I take my time, a friend of the devil is a friend of mine. If I get home before day light, just might get some sleep tonight" - The Grateful Dead.

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    WR7 xionite's Avatar
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    Quote Originally Posted by yamahatrooper View Post
    I was wondering how come no one on Xbhp had got a wind of this.
    the bike speculation thread has about 10 pages discussing the GT650.

    but now they've moved on to talking about the 250cc Pulsar.
    .
    [SIGPIC][/SIGPIC]

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    Rusted
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    They should have thought about GV 650 cruiser also known as Aquila 650 that looks much better and upmarket compared to st7.

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    Rusted aargee's Avatar
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    Source - Subscription

    Though the news is covered in the magazine, the info is mentioned as "The GT650R & ST7 to roll out in India by end of the year"

    If Comet can do this, why not the Jap players?

    Quote Originally Posted by Samarth_619
    My right hand's fractured due to accidnt. Some idiot was riding light less at night, from wrong side
    Get well soon
    Skill is what keeps you on a Motorcycle
    Awareness + Skill is what keeps you out of harm's way
    ATGATT + Awareness + Skill means you might Live To Ride another day

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    Rusted karthik_R's Avatar
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    Not many vids of the GT650



    If this news is true, then it would answer many bikers's prayers. ie., a new class of bikes !!
    Last edited by karthik_R; 08-11-2010 at 12:19 PM.
    TVS 50 XL -> 125 XXL : TVS VICTOR GL : YAMAHA R15-S : YAMAHA FZ1n :: KTM RC 390

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    WR7 xionite's Avatar
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    http://www.youtube.com/v/-WKvPlUMSvo&hl=en_US&fs=1

    prolly the best looking GT650R i've come across on the internet.


    http://www.youtube.com/v/2NnIY3XDkO0&hl=en_US&fs=1

    this is a short vid of an owner talking about the GT650R.
    barely any technical stuff... just his ownership opinion.
    he also owns a CBR600RR and a ZX6R.
    the GT650R has a rather nice sounding after-market exhaust.

    V-Twin sweetness.
    .
    [SIGPIC][/SIGPIC]

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