DSK Hyosung, leading superbike manufacturers in the country has confirmed plans for a setting up a new manufacturing facility in Maharashtra, from where the company will produce most of their products, which are currently on sale in India. Below is a detailed outline of DSK Hyosung plans for the new plant.
DSK Hyosung, a joint Venture between DSK Motowheels and S&T Motors of South Korea have identified 100 acres of land in Karad, Maharashtra for the setting up of a new manufacturing facility. This vital information was revealed at the opening of the company’s new dealership in Jaipur. The Riders Zone dealership is situated at Raja Park and was inaugurated by Mr. Shivapada Ray, COO of DSK Motowheels.
Talks are on with Maharashtra Industrial Development Corporation (MIDC) for acquisition of land for the new DSK Hyosung manufacturing unit while an investment of INR 350 crores has also been set apart for this new plant which will be invested in a phased manner. Construction is slated to commence from September this year and is likely to be completed over the next two years. By 2020, the new facility will have annual production capacity of 100,000 units.
DSK Hyosung entered India in 2012 and has the largest dealership network in India when compared to other players who bring in their models via the CKD route. DSK Hyosung commands a market share of 38% and assembles and sells the Aquila 250, GT 250R, Aquila PRO – 650cc and ST 7 – 700 cc bikes in India which range from INR 2.9 lakhs to INR 6.12 lakhs. Extensive expansion plans are in place with the company planning additional 10-15 new dealerships in the next financial year, targeting Tier II cities in the country while two more models in the 250cc segment are also being considered.