India Hyosung

Hyosung by S&T Motors, Korea’s major manufacturer for motorcycles, scooters, and ATVs, launched its entry into India in a strategic alliance with Garware Group.

With the revival of Garware Motors to assemble the motorcycles in the 650-700cc segment for Indian market, the initial investment was set at Rs 20 Crore.

Garware Motors and S&T Motors expect Hyosung motorcycles to roll out by the first quarter of 2011.

  1. Announced partnership between S&T Motors and Garware Motors in India.
  2. Launched Garware Motors Limited, a wholly owned subsidiary of Garware Bestretch Ltd. in India.
  3. Sets up assembly line in Wai, India and plans to sell 2,000 units in the first year of operation and increase it to 5,000 in the third year.
  4. Focus on the 650-700cc segments.