DSK Motowheels, which has recently entered into the motorcycle business of Garware Motors Ltd, and from now on, be manufacturing as well as selling Hyosung bikes in India.
In a statement issued by the company, it said that it will invest around Rs 300 crore to establish a plant to manufacture superbikes in the country.
While talking to media, Managing Director, DSK Motowheels, Mr Shirish Kulkarni said, “We will finalise the location in a couple of months’ time.”
He further told media that the company will aim to introduce the first Hyosung bike, built with a large degree of local content, by September 2013.
In less than one year, Pune-based Garware Motors had managed to set-up strong ties with the Korean firm S&T Motors to assemble and sell Hyosung bikes in India.
However, under the new inked deal, DSK has taken over GML’s network of 18 dealers including a facility at Wai, near Pune.
Mr Kulkarni said, “Once the new facility is built, the Wai operations will be shifted.”
On the other hand, the DSK Motowheels is all set to introduce three new products from the Korean company. This includes a 250 cc bike that is expected to hit the Indian roads by the end of this month.
In 2011, around 611 Hyosung bikes were sold in India.
Mr Kulkarni said, “The target this year is 750 units of the high-end (650 and 700 cc) bikes, and around 2,000 units of the soon-to-be-launched 250 cc bike.”