Garware Motors ventures into Bike Segment

Garware Motors Ltd forayed into the High-end bike segment in association with Korean giant S&T Motors, who will partner Garware Motors for assembling, marketing and selling ‘Hyosung’ two wheelers in the Indian market. Garware Motors Ltd. foresees Chennai as one of their key markets for dealerships and prospective customers and will soon announce the launch of GT650R and ST7 in the untapped 650cc-700cc segment for the first time in India.

Garware Motors along with ‘Hyosung’ will provide technical & manpower support right from setting up the assembly plant, assembling the product, sales & marketing to after sales services. Garware Motors with the help of S&T Motors will also set up an assembly plant at Wai in Maharashtra with a capacity to manufacture 8-10 bikes a day. The plant will have a full fledged assembly line, CKD storage facility, and a quality centre.

Speaking on this occasion, Diya Garware Ibanez, Managing Director of Garware Motors, said, “We consider Chennai as a key market for the 650-700cc bikes. Post our announcement in October we have had a lot of enquiries from Chennai. We are in the process of short listing and finalizing Chennai Dealer.This dealership will have world class sales, services and spare parts and we promise to give the Chennai biker a world class super biking experience.”

She also added “We are glad to be associated with a brand like Hyosung which is known for its stylized powerful bikes at affordable prices. We plan to leverage each others strengths to make a mark in Indian automobile market which has registered tremendous growth in the last few years.”

S&T Motors are world class technology giants in the South Korean market since 1978. Garware Motors in association with S&T Motors aims to provide the Indian consumer with a world-class biking experience in the affordable luxury segment.

Source: Garware Motors Ltd