Garware Motors, which sells Korean brand bikes Hyosung, said it will roll out 3 new models of lower engine capacity by the end of 2012.
“We will be launching three new models which may have engine capacity of 250 CC and 400 CC. This launch will happen next year,” Company’s President Shrikant Patankar told the reporters.
At the launch of the Goa dealership a couple of months back when we spoke to the managing director Mrs. Diya, she also hinted us that more products are planned for India and a 250cc capacity bike will the first to roll. We expect the company to launch the full faired GT 250R and the naked version could also be launched.
More models like the Aquila Cruiser which also is equipped with a 250cc engine could make its debut. The bike could help the company increase its volumes and if priced close to the Royal Enfield bullet it will attract a large number of cruises fans.
Localisation of components will play a key issue in pricing and Hyosung yes to source auto components from the domestic market.
Garware Motors, which sells Korean brand bikes Hyosung, said it will roll out 3 new models of lower engine capacity by the end of next year, even as it eyes to source auto components from the domestic market.
Since the launch of two models in Indian market, Garware Motors has secured orders for supplying 180 bikes across the country, with major booking coming from Pune,Delhi and Mumbai.
The company has set up an assembly facility in Pune with an investment of Rs. 220 million and an installed capacity of 8-10 bikes per day.
Garware is looking to sell 2,000 Hyosung superbikes this year. It plans to expand its dealership network to 15 by the end of this fiscal. We will be opening more outlets at several places including Hyderabad, Maharashtra, Haryana, Punjab etc.
Source: FE