Garware Motors launches the Hyosung super bikes in India.The two new offerings GT650R (Sports Bike) and ST 7 (Cruiser Bike) will be available in the price range of Rs 4,75,000 (Ex-showroom Delhi) for single tone colour and Rs 4,90,000 (Ex-showroom Delhi) for dual tone colour, whereas the ST 7 700 cc cruiser is priced at Rs 5,69,000 (Ex-showroom Delhi).
While the GT650R comes in six colour options, the ST 7 has three colours in the offering.
“In a bid to get into scalable business, we have forayed into the automotive sector. From our research, we found that there was a gap in the 650 cc and 700 cc categories, and hence decided to bring in bikes in that space,” Garware Motors MD Diya Garware Ibanez told reportres here today.
The company will open bookings from today itself and the deliveries of these bikes will start in mid of June, she said.
In order to expand the reach of its products the company plans to have 15 dealership outlets in the country.
Adding to launch, Bollywood actor Arjun Rampal is the company’s first customer to ride the ST. At present the company has dealership presence across five cities– Pune, Mumbai, NCR, Bangalore and Goa. It plans to add another five cities which include Hyderabad, Kochi, Chennai, Ahmedabad and Chandigarh in the next two months.
Asked about the USP of these bikes Ms Garware said, “the models are best suited for Indian roads and have been launched keeping in mind the taste of the Indian consumer.” “We realise that spare parts are critical to the success of an auto business and therefore will maintain enough stock of spare parts at dealers end as well as with us,” she said.
Garware Motors has set up an assembly plant at Wai in Maharashtra at an investment of Rs 20 crore to bring the two-wheelers to the Indian market.
“The plant has a capacity to assemble 8-10 bikes a day,” she said.
Garware Motors is a wholly-owned subsidiary of strip rubber manufacturer Garware Bestretch.
Speaking about the company’s tie-up with the Korean firm, Ms Garware said Garware’s partnership with Hyosung’s owner S and T Motors, involves a technical support agreement, wherein the latter would provide full technical and manpower support in assembling the products, sales and marketing and after sales service.
In June 2007, Hyosung Motors Division was acquired by Korean firm S and T Group, and the name was changed to S and T Motors, with which Garware has partnered. Hyosung has gained acceptance in the US, South America, the UK, Australia and Asia.
Also see – Arjun Rampal will get the First Hyosung Sportsbike’s Keys in India