If official, Garware launches the Hyosung super bikes in India. The company which had showcased the GT650 R and ST7 a couple of months back. The GT650 R, 650cc fully faired sports bike is priced at Rs. 4, 75 ,000 (ex-showroom-Delhi) for single tone colour and Rs. 4,90,000 (ex-showroom-Delhi) for the dual tone colour, whereas ST 7 a 700cc cruiser is priced at Rs. 5,69,000 (ex-showroom-Delhi). Deliveries of these bikes will start by mid of June.
Official Press release
New Delhi, April 20, 2011: Bike fanatics in India have a reason to rejoice as Garware Motors along with Korean giants S&T Motors today announced the launch of two new super bikes -GT650R (Sports bike) and ST 7 (Cruiser bike). With an objective to provide an affordable super biking experience, Garware Motors will offer attractive prices for both these bikes. The GT650 R, 650cc fully faired sports bike is priced at Rs. 4, 75 ,000 (ex-showroom-Delhi) for single tone colour and Rs. 4,90,000 (ex-showroom-Delhi) for the dual tone colour, whereas ST 7 a 700cc cruiser is priced at Rs. 5,69,000 (ex-showroom-Delhi). Deliveries of these bikes will start by mid of June. While GT 650 R comes in 6 exciting color options, ST7 has 3 color options .The bikes were unveiled by Ms Diya Garware – MD of Garware Motors and Dr. Taekwon Kim, President S & T Motors Corporation.
Garware Motors will open bookings for these bikes from April 20, 2011 and will be initially available in five cities – Pune, Mumbai, NCR, Bangalore and Goa. The dealers appointed will be the sole retailers for Garware-Hyosung motorcycles, genuine parts and accessories and will operate authorized service centers across all cities in India. Garware Motors has plans to open 5 more dealerships in Hyderabad, Cochin, Chennai, Ahmedabad & Chandigarh within next 2 months. During this introductory period offer, customers also get a ‘Welcome Kit’ which consists of a helmet, performance T Shirt, cool Glares, Leather Key chain & a Garware- Hyosung cap.
Garware Motors has also tied up with HDFC bank, India’s leading financier of two wheelers. HDFC bank would be providing retail finance to Hyosung customers at very attractive rates
Speaking on the occasion, Diya Garware – MD, Garware Motors said, “It gives us immense pleasure to be the first Indian company to launch superbikes in the 650 – 700 cc segments. We are very pleased to bring to India the Hyosung bikes by S&T Motors of South Korea. S&T Motors like its successful counterparts in India is a global player in the 2-wheeler segment. These bikes are a living testament of technological superiority and styling. We plan to add their entire range of superbikes into our collection here in India. We believe that today’s young and mobile Indian has a strong appetite for powerful bikes, and so, we see significant potential for these bikes in India. Our aim is to create a strong network that will provide our customers a world-class experience and encourage the affordable super biking segment in India”
With ‘Hyosung’s unmatched capabilities, experience and global market knowledge along with Garware Motor’s presence and network in India, we are confident to provide the very best of service to our customers. We have analyzed the market very closely and we foresee a great potential for the superbike segment in India. We eventually plan to bring in exciting variants to the Indian market very soon, said Dr. Taekwon Kim- President S & T Motors Corporation
S&T Motors are world class technology giants in the South Korean market since 1978. Garware Motors with the help of S&T Motors have set up an assembly plant at Wai in Maharashtra with a capacity to manufacture 8-10 bikes a day investing Rs. 20crore in first phase. The plant has a full-fledged assembly line, storage facility, quality centre and fully automatic testing line. ‘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
About Garware Motors:
Garware Motors ltd is a wholly owned subsidiary of Garware Bestretch Ltd. Garware Motors Limited has made a foray into the fast growing automobile segment by entering the niche segment of powerful and inspirational bikes. Garware Motors has entered into a partnership with S&T Motors, South Korea, manufacturers of the Hyosung brand – a brand which has earned a reputation amongst the global biking fraternity. The brand has gained excellent acceptance in the US, South America, UK, Australia as well as many Asian countries.
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 inChangwon, 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.