MV Agusta to enter India in partnership with Kinetic Group
Autocar Professional reports that MV Agusta is planning to start its Indian operations through Pune-based Kinetic Group. Kinetic which earned a reputation for its Luna moped and Kinetic Honda 2 stroke automatic scooter is currently focusing on its auto component business after selling its two wheeler facilities to Mahindra.
Expected to make a formal announcement in July, MV Agusta Kinetic partnership will initially import models as CBUs. Since Kinetic has production resources and expertise, we could see CKD assembly operation at a later stage if the volumes justify.
The 70 year old Italian bike maker is looking to expand its operations across the globe. In 2011, it established a local assembly operation and 7 outlets in Brazil with a local partnership and a similar strategy should be on cards for India as well. The publication reports that Kinetic is currently in the process of setting up a dealership network for MV Agusta in India. The operations will be handled by a newly formed Kinetic Group company.
MV Agusta’s product portfolio consists of Brutale series, Stradale, Rivale, F3, F4 and Turismo Veloce. Market positioning is expected to be at par with Ducati which recently set up its official operations in India.
It’s to be noted that 25% of MV Agusta is owned by Mercedes AMG GmBH which has a long term marketing and sales association with the two wheeler brand. However it remains to be seen if the German brand will have any involvement in the operations of MV Agusta India.
Via – Autocarpro.in