Garware launching three new sports bike in India

Garware Motors which recently launched Hyosung bikes- a Korean brand in India, had announced the launch of three new bikes of lower engine capacity. These three new models will have 250cc and 450cc engine capacity. These bikes Hyosung 250cc and Hyosung 450cc will surely entertain the Indian Sports bike lover. The company in sort of joint venture has already launched two sports and cruiser bikes in India namely Hyosung GT 650R (650cc Sports bike) and Hyosung ST7 (700cc Cruiser bike). The price of Hyosung GT 650R is Rs 4,75,000 for single tone colour and Rs 4,90,000 for dual tone colour whereas Rs. Rs 5,69,000 for Hyosung ST7.

Garware is also considering bringing in the entire range of S&T’s products in the next three years, including gearless scooters, electric scooters and 250cc and 125cc bikes. The company officials also said that they will bring in mass market products like gearless scooters, electric scooters and 250cc and 125cc bikes within next three years. Garware after launching these two bikes in the Indian market quickly secured orders for supplying 180 across the country with the major bookings from the metro cities like with major booking coming from Pune, Delhi and Mumbai.

The company has already set up an assembly facility in Pune with an installed capacity of 8-10 bikes per day. The company had already made an investment of Rs 22 crore INR. The company is also sourcing the other components for the manufacture of bikes except the engine as the company is very impatient to expand its market in the Indian Automobile sector. The company is expecting to sell out 2,000 superbikes this year. The company will also try to expand its dealership network to 15 by the end of this year, by opening outlets in the major cities of the country like Hyderabad, Maharashtra, Haryana, Punjab etc. so that the company can sell out more bikes in the Indian market and make good profits.