Pune-based Garware Motors today launched the 650cc Hyosung GT 650N (Naked) sports bike, priced at Rs 4,39,000 (ex-showroom, Delhi).

Initially, the bike will be available in three colours at the company's 14 dealers pan-India. The company is targeting to sell around 300 GT 650N bike by March 2012.

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We believe that today's young mass has a strong appetite for stylish bikes and, therefore, we see significant potential for GT 650N in the country. The GT 650N is a global success for Hyosung and we want to give customers the best that we have," Garware Motors Managing Director Diya Garware told reporters here.

The company, along with South Korea's S&T Motors, has already launched two Hyosung branded premium bikes in the
country.

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We have already sold 325 bikes across all models till September and plan to sell 1,200 bikes by March 2012," Garware
said.

Garware Motors's Chief Operating Officer Hyder Ali Khan said the company is planning to launch 250 cc bike in the
country by the end of this financial year. The company also plans to expand its dealership network to 50 from the present 14 by the end of 2012.

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Garware Motors will also start assembling bikes at its new facility at Wai in Maharashtra by February 2012.

"We have already invested around Rs 50 crore to set up the new facility and will start assembling from early next year.

We also plan to start manufacturing engines soon," he said adding, the capacity of the facility will be around 30 bikes per day.

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