Companies

DSK Motowheels hopes to sell 1,800 units this fiscal

| Updated on: Dec 16, 2013

Pune-based DSK Motowheels, the assembler and marketer of Hyosung superbikes in India, eyes 50 per cent growth in sales this fiscal.

The company, which has a technical agreement with Korean S&T Motors, the makers of Hyosung bikes, witnessed more than 40 per cent growth in sales during April-November period this fiscal to 1,100 units. It sold 775 units during the same period last year.

“We have sold nearly 1,100 units so far this year. We expect to see close to 50 per cent growth to about 1,800 units this fiscal against more than 1,200 in 2012-13,” Shivapada Ray, Chief Operating Officer, DSK Motowheels, told reporters here on Monday after launching a DSK Hyosung superbike showroom.

According to Ray, DSK Motowheels expects 60 per cent growth in turnover to Rs 80 crore this fiscal.

He added that the company would invest up to Rs 500 crore at a new facility over the next couple of years.

DSK Motowheels recently announced its plan to set up a new unit at Karad near Pune and to roll out 125cc mass market bikes from there. It now has an assembling unit at Wai in Maharashtra.

According to Ray, the Rs 400-Rs 500 crore investment at the proposed Karad facility is aimed to “tap the growing market in India for stylised 125-150cc bike segment”.

New models The company’s plans are also afoot to bring in new models by February. “We hope to launch two new models by February. One of them will be a 250cc version of the GV650 Aquila Pro,” Ray said. DSK Motowheels now assembles five superbike models in the country, including a 250cc one.

>ayan.pramanik@thehindu.co.in

Published on March 12, 2018

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