Pune-based DSK Motowheels on Tuesday said it will invest up to Rs 600 crore in the next five years to set up a manufacturing plant for rolling out Hyosung bikes from the stable of Korean firm ST Group apart from setting up a research and development centre.
“The idea is to start local manufacturing of Hyosung bikes by 2014. We are setting up a plant with a capacity of one lakh units and the total investment would be around Rs 500-600 crore in the next five years,” DSK Motowheels Director Shirish Kulkarni told reporters here.
The company said it is also planning to enter the commuter segment bikes in India around 2015-16 by launching 150 cc and 125 cc, which would be locally developed with the help of the Korean partner.
The first bike expected to roll out from the plant will be the 250 cc Hyosung GT 250 that was showcased on Tuesday and is priced Rs 2.75 lakh.
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