S&T Motors,the South Korean two-wheeler major and the manufacturer of Hyosung brand bikes plans to set up a joint venture with Pune based Garware motors in order to manufacture its superbikes in India.
Hyosung aims to launch 8 models in India by 2014.It is to start with the launch of ST7 and GT650R superbikes in India followed by the other models later.Hyosung bikes will be brought as CKD units and will be assembled at a plant in Satara near Pune.
Ms.Diya Garware Ibanez,Managing Director of Garware Motors informed that the idea is to gauge,create and encourage the Indian market before S&T finalises its joint venture.For this,they will have about 15 dealerships across the country this year.She said 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.