DSK Hyosung business sold to Kinetic MotoRoyale – New motorcycles planned for launch
With DSK Motowheels' fate sealed and the recent takeover bid of Benelli by Hyderabad Based Mahavir Group, Hyosung owners were left in the lurch.
But that seems to be a worry of the past as the South Korean two-wheeler manufacturer’s operations will continue as Kinetic Group’s Motoroyale steps in to take over Hyosung ops in India. Motoroyale is being charged with DSK Motowheels’ responsibilities as the latter filed for bankruptcy a few months prior.
Hyosung has in fact had a rather tumultuous journey in India. We remember Pune based Garware Motors taking charge of Hyosung in 2011 with the 650cc range. The company was charged with sales, service, and spares. And while sales projections were bold, they were not met, and that’s when Pune based DSK Group stepped in and took over the helm within a year.
In the almost 6 years that Hyosung was under DSK Motowheels, more bikes were introduced across segments – GT 250R, Aquila 250, Aquila 650, ST7 and GT 650R. This was backed by 40 sales and service points across India.
Going back further, 2011 wasn’t Hyosung’s first foray into India. That was in fact undertaken by Kinetic Engineering in 2003 with the introduction of GF 125 and GF 170 Laser. The arrangement then led to sales of 300 units of Aquila 250, following which, Comet 250 was introduced, and all 300 units were sold out. That growth path was restrained when in 2008 Mahindra Group bought Kinetic’s assets.
The tie up between Hyosung and Motoroyale puts to rest the anxiousness behind operations, and most importantly, service needs for existing customers. Motoroyale has already brought MV Agusta to India, and has announced Norton and SWM bikes for the market.
Expect new motorcycles from the Hyosung soon with the ownership issues now taken care of. Also, the existing dealerships will continue to operate as they did before the takeover so that end user is least troubled.