Korean two-wheeler major Hyosung is set announce its plans to re-enter India by the end of this month. CNBC-TV18's Swati Khandelwal-Jain has learnt from sources that Hyosung has tied up with Garware Motors and will have its 650cc bikes assembled at Pune.
Hyosung will be looking at bringing in the GT 650R and the ST7 Cruiser. The company is going to make an announcement by the month-end i.e. on October 27.
Hyosung, sources said, would assemble the bikes in Pune. Hence, cost is expected to be quite competitive. They will compete with Kawasaki, Honda and Suzuki in India. Hyosung had earlier come to India under the Kinetic-Hyosung alliance and had brought in then the 250cc bikes - the Comet and Aquila. But now they are bringing in the more powerful bikes, the 650cc bikes, a segment that is still untapped in the Indian market.
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