Garware Motors aims to sell 1,200 superbikes this year
The Indian two-wheeler market has seen a big influx of bigger and high powered two-wheelers making entry into the market. As the demand for bigger machines grows, Garware Motors from Pune which has launched two Hyosung motorcycles in association with S&T Motors from Korea has stated that it aims to sell 1,200 units in the country this fiscal.
According to reports, Hyder Ali Khan, the Chief Operating Officer of Garware Motors sated that the company, which opened its ninth exclusive showroom in the country and the first in Kerala was hopeful of selling 25-30 superbikes in the state this year. He said that a survey revealed that people in the state want exclusivity and looking at the number of foreign cars being sold in Kerala, the state was viewed as an ideal market for superbikes.
According to reports, two bikes -- the Hyosung GT650R, a 650-cc sports bike priced at Rs 4.75 lakh in a single-tone colour and Rs 4.90 lakh in a dual colour (both ex-showroom), and Hyosung ST-7, a 700-cc cruiser with a price tag of Rs 5.69 lakh (ex-showroom) were launched in the state. Khan also said that the bikes launched five months ago in Pune, Mumbai, Delhi, Bangalore, Chennai, Kolhapur and Chandigarh, there has been a good response for the bikes and 250 bikes have been sold so far across the country. The company now has 12 showrooms across India, he said.
It was mentioned that Garware Motors also plans to launch a 250-cc bike priced between Rs 2 lakh and Rs 2.5 lakh by March next year, which is aimed at generating sales volumes. In addition, Garware Motors will launch the GT650 N, the 'Naked' version of the GT650R next month, he said. Garware Motors, a wholly-owned subsidiary of Garware Bestretch Ltd and S&T Motors (Hyosung) -- technology giants in the South Korean market -- have set up an assembly plant at Wai, in Maharastra, with a manufacturing capacity of 8-10 superbikes a day in the first phase through a Rs 20 crore investment, according to reports.
