Here is the news to cheer for all super bike lovers. South Korean bike manufacturer Hyosung is all set to roll out not one but three new bike models in the Indian market and this is expected to happen mostly during the first quarter of 2012. And the three bikes will belong to the superbikes category, which seems to be a strategy by the Korean bike maker after the launch of Honda CBR250R, Bajaj Ninja 650R and also KTM Duke that is on its way to make it to the Indian roads.
Existing Hyosung bikes in India
Hyosung has already launched two high end bikes in India- Hyosung ST7 and Hyosung GT650R but these two bikes hold a price tag of over 5 lakhs, which left the bikers take a deep sigh and both the bikes belong to the 650 cc section.
The GT650R is a sports bike while the ST7 is a cruiser but Ninja 650R gave stiff competition to the Korean bikes. Thus, the President of Hyosung, India Mr Shrikant Patankar announced the launch of three super bikes, which are expected to hold a engine capacity of 250 cc and 400 cc will officially be launched next year. He also said that they might source the components in India except for the engine parts, as they are looking to augment their market share in the country.
Hyosung’s background and its future plans for the Indian market
Hyosung made its entry into the Indian market by collaborating with Korean S&T Motors and their manufacturing plant is based in Pune. The Pune plant manufacturers an average of 8-10 vehicles everyday with an investment of 22 crores. Sources reveal that there is a booking of 180 bikes and the major demand is from New Delhi, Mumbai & Pune. Not just this, the company has plans in place for expanding its dealership network to obviously soar their market share. The company plans to open at least 15 dealerships by the end of 2011 in Hyderabad, Punjab, Haryana, Maharashtra, etc.
One of the three bikes is a Hyosung GT 250R, which clearly will be a competitor to Honda CBR 250R. But the company needs to be cautious while pricing the bike as that might be the decisive factor for its success in India. Well despite all the speculations, bike lovers in India are expecting to get a wide choice of super bikes.