Garware Bestretch Limited, one of the world’s leading manufacturers and exporters of Latex and Latex-Free Elastic Rubber Products today announced their maiden business venture into the automotive segment with the launch of Garware Motors Limited. On this occasion, Garware Motors announced their association with Korean giants S&T Motors, who will partner Garware Motors for assembling, marketing and selling ‘Hyosung’ two wheelers and ATVS in the Indian market.
S&T Motors are world class technology giants in the South Korean market since 1978. Garware Motors with the help of S&T Motors will set up an assembly plant at Wai in Maharashtra with a capacity to manufacture 8-10 bikes a day. The plant would have a full fledged assembly line, CKD storage facility, test track and a quality centre. ‘Hyosung’ will be providing Garware Motors with technical and manpower support right from setting up the assembly plant, assembling the product, sales and marketing as well as after sales service. Garware Motors will introduce motorcycles and cruisers in the untapped 650cc-700cc segment for the first time in India.