South Korean two-wheeler maker S&T Motors today launched its two Hyosung branded premium bikes in India, priced between Rs 4.75 lakh and Rs 5.69 lakh (ex-showroom, Delhi).
The company has joined hands with Pune-based Garware Motors to set up an assembly line at Wai in Maharashtra and is looking to form a joint venture with the domestic firm to bring in its entire range of products in the next 3-5 years.
"India is really moving in the right direction and so we are here. It is the right time and right place for us," S&T Motors President and CEO Taekwon Kim told reporters here.
The company will assemble the two Hyosung products at the newly built assembly facility, set up by Garware Motors, and will sell these as completely knocked down units, he added.
S&T Motors today introduced its sports bike GT650R, powered by a 650cc engine, in two options for Rs 4.75 lakh and Rs 4.90 lakh. It has also rolled out a 700cc cruise bike – ST7 -- for Rs 5.69 lakh.
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