Pune-based Garware Motors announced today that it will launch three new models of Hyosung bikes by the end of 2012.The new models of Hyuosung will feature a lower engine capacity.
Garware Motors already has two models of Hyosung namely 650cc GT650R and 700cc ST7.The company has set up an assembly facility in Pune investing Rs.22 crores and has an installed capacity of 8-10 bikes per day.
Regarding this,the President of Garware Motors,Mr.Shrikant Patankar reported that they will be launching three new models which may have engine capacity of 250 CC and 400 CC.This launch will happen next year.He said that they will look at sourcing components except engine parts from India as they are keen to expand their market here.
He also added that Garware is looking to sell 2,000 Hyosung superbikes this year.It plans to expand its dealership network to 15 by the end of this fiscal.They will be opening more outlets at several places including Hyderabad, Maharashtra,Haryana,Punjab,etc.,
After the launch of two Hyosung bikes in India,Garware Motors has secured orders for supplying 180 bikes across the country, with major booking coming from Pune,Delhi and Mumbai.