Korea’s Hyosung has tied-up with India’s Garware group to establish an assembly plant for its bikes at Wai in Maharashtra.
The company has also launched the Hyosung GT650R sports bike and the ST7 cruiser in India. While bookings open shortly, deliveries will commence in the first quarter of 2011. The 650cc GT650R will be available in two variants; faired and naked and will be priced around Rs. 5 lakh. The 680cc ST7 will set buyers back by a whopping Rs. 6.5 lakh.
We are assuming that these prices are for the imported bikes and locally assembled ones should be cheaper because of lower duties and tariffs.