Gujarat’s Detroit dream seems to be on a fast lane. After Hero MotoCorp announcing a Rs 1,100-crore plant in the state, Korea’s Hyosung superbikes are all set to get a made-in-Gujarat tag. Pune-based DSK group, which has taken over assembling, distribution and servicing business of Hyosung superbikes in India from Garware Motors, is planning to set up Rs 300 crore plant in Gujarat, preferably near Ahmedabad.
Korean S&T Motors’ Hyosung entered the market with its 650 cc bikes in 2011. Garware Motors assembled bikes at a unit in Wai in Satara district of Maharastra.The current plant at Satara has a capacity to assemble 10 bikes a day. "We are looking for a 100-acre land plot around Ahmedabad. Initially, we decided to base ourselves around Pune but because of little government support, we have decided to move out,” said Shirish Kulkarni, managing director, DSK Motowheels, the DSK group’s new entity for the bike business. The company is looking at a capacity of over 10,000 bikes per annum by 2015. Kulkarni said they will source components from local firms in Gujarat. Industry observers say such plants will boost the state’s component making industry.
Korean S&T Motors’ Hyosung entered the market with its 650 cc bikes in 2011. Garware Motors assembled bikes at a unit in Wai in Satara district of Maharastra.The current plant at Satara has a capacity to assemble 10 bikes a day. "We are looking for a 100-acre land plot around Ahmedabad. Initially, we decided to base ourselves around Pune but because of little government support, we have decided to move out,” said Shirish Kulkarni, managing director, DSK Motowheels, the DSK group’s new entity for the bike business. The company is looking at a capacity of over 10,000 bikes per annum by 2015. Kulkarni said they will source components from local firms in Gujarat. Industry observers say such plants will boost the state’s component making industry.
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