Hyosung superbike plant to be shifted from Maharashtra to Gujarat
Gujarat seems to be getting nearer to its Detroit dream faster than expected. It all began back in 2008, when Tata was forced out of…
South Korean superbike maker, Hyosung entered India with a partnership with Pune based Garware Motors. But due to unknown reasons, the partnership ended and Hyosung has now partnered with another Pune based entity, DSK Motowheels.
Garware Motors had setup Hyosung assembling plant in Wai near Pune which had a capacity to produce 10 bikes a day. But as Hyosung is no longer associated with Garware, the Wai plant will not assemble anymore Hyosung superbikes.
DSK Motowheels too had planned to setup shop somewhere near Pune, but due to less than expected help from Maharashtra Government, they have now decided to setup Hyosung plant worth Rs 300 crores.
Mr Shirish Kulkarni, MD DSK Motowheels, said, “We are looking for a 100 acre land plot around Ahmedabad. Initially we decided to base ourselves around Pune, but because of little government support, we have decided to move out.”
DSK Motowheels has big plans for Hyosung in India. Considering the rapid growth in the two wheeler segment, DSK expects to increase manufacturing capacity to over 10,000 units annually by the year 2015.