A 125cc commuter bike from Hyosung soon
DSK confirms plans on setting up a manufacturing facility in India
DSK Hyosung has announced plans to enter the volume segment. Shirish Kulkarni, MD, DSK Moto Wheels confirmed the companies plan to enter the 125-150cc segment sometime early 2014. The DSK group has plans to invest Rs 300 crore by next year and an additional Rs 200-250 crore over a period of five years. The company is in the process of purchasing close to 100 acres of land about 70kms off Pune to set up a facility. It will also set up a research and development centre at this facility.
“The idea is to start local manufacturing of Hyosung bikes by 2014. We are setting up a plant with a capacity of one lakh units and the total investment would be around Rs 500-600 crore in the next five years,” Shirish Kulkarni, Managing Director, DSK Motowheels said. “We will ask Hyosung to specially design these bikes keeping Indian conditions in mind”, he added.
The first bike to be rolled out from the plant will be the GT250R, which costs Rs 2.75 lakh (ex-showroom, Delhi). Once the bike is assembled in India, its prices could come down to around Rs 2 lakh.
“By the end of 2015, we will have a total of eight models in the Indian market. We will be bringing in new models such as GV650, GV250 and another cruiser model, besides the ST7” concludes Shirish Kulkarni.
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