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Korea’s Hyosung to launch 250cc bikes next year
MUMBAI, MAR 26 (AGENCIES):
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Published on 27 Mar. 2011 12:16 AM IST
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Korean bike brand Hyosung will launch 250cc performance and cruiser bikes next year for under `200,000 each, to compete directly against the best seller in that segment, the Honda CBR 250.
Hyosung, which sells cruisers and sports bikes, is presently setting up a completely-knocked down (CKD) assembly facility in India for two models, the ST7 and GT 650R, along with partners Garware Motors of Pune, stated Business Standard. The Honda CBR 250, priced at `151,000 (ex-showroom, Mumbai) has garnered total bookings of around 3,000 units since January from across the country.
Like Honda, more companies are keen at starting local production of such high-performance bikes in India after gauging the demand generated by the Kawasaki Ninja 250 launched by Bajaj Auto and priced at `269,000.
Diya Garware Ibanez, managing director, Garware Motors, said: “We are discussing with SNT Motors (owners of the Hyosung) to see how the volumes work out for our two models. We will follow the launch with the naked version of the GT 650R later in the year, followed by the 250cc models next year.”
Garware will open bookings for the ST7, priced at Rs 600,000, and the GT 650R, priced at `550,000, on April 21, with deliveries to start by May end. The company will accept bookings at 10 dealerships which will be opened shortly, followed by an additional 10 outlets to be opened later in the year.
Although engines, transmissions and gearboxes for the Hyonsung bikes will initially be imported into the country from Korea due to the low volumes projected during the first year, they may get locally made in due course if demand improves substantially.

 
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