South Korean major S&T Motors, manufacturer of the Hyosung brand of motorcycles, is likely to set up a joint venture in India in the next couple of years for manufacturing superbikes.
The assembly and marketing of the Hyosung bikes was given to its partner Garware Motors Ltd, part of the Rs 1,800-crore Garware Group, in October 2010. Currently, Garware Motors assembles 8 to 10 superbikes (under 800 cc) in one shift at its Wai facility in the Satara district of Maharashtra. “The idea is to gauge, create and encourage the Indian market before S&T finalises its joint venture. For this, we will have about 15 dealerships across the country this year,” Ms Diya Garware Ibanez, Managing Director, told the Business Line in Ahmedabad.
“Within the last 45 days of opening of four dealerships, Garware Motors has received 125 bookings, which demonstrates an increasing interest among youngsters in superbikes”, she said.
Author – BikeAdvice.in