Verlicchi-Hema Automotive Co to set up manufacturing facility in Hosur
Two-wheeler components manufacturer, Verlicchi, has finalised plans to enter the Indian market. The Italian company is coming to India in a 50:50 joint venture with the Gurgaon-based Hema Group and Verlicchi-Hema Automotive Company will set up its manufacturing facility at Hosur, near Bangalore, at an estimated investment of around Rs 17 crore.
According to Alessandro Verlicchi, MD - Verlicchi Group, India produces only seven million two-wheelers per year (as compared to China, which makes 25 million per year!), so it still has a lot of scope for expansion and growth.
The Verlicchi Group specialises in manufacturing two-wheeler chassis and the new JV company will start production in November this year, with a capacity of 300,000 chassis per annum. Apart from chassis, the company will also make exhaust systems, suspension components, fuel tanks and various other parts for two-wheelers.
Apart from selling its products in India, Verlicchi-Hema Automotive will also exports motorcycle chassis to American and European markets, by 2011. Verlicchi's global customers include companies like BMW, Harley Davidson, Ducati and Honda.
Bajaj KTM bikes to be launched in 2010
Bajaj Auto and KTM is developeing two new motorcycle platforms which is scheduled to hit the market in 2010. Bajaj Auto - KTM has invested 35-40 million euros for the developement of these platforms. The jointly developed bikes would be produced at BAL's Chakan facility for export to Europe under KTM branding and the commuter version of the bike on the same platform could be sold in India under the Bajaj badge.
[Via: vicky]
Ultra Motor to set up its second e-bike manufacturing facility in India
Ultra Motor India Pvt. Ltd. (UMI), the Indian subsidiary of the UK-based Ultra Motor, is looking at setting up another e-bikes manufacturing facility in India, somewhere in the north. The company already has a manufacturing facility in Hyderabad.
UMI plans to invest Rs 150 crore towards product development, and the marketing and distribution of its electric scooters and bikes in India. The company aims at catering to the requirements of southern and western markets in the country via its plant in Hyderabad, and is looking at setting up its second plant somewhere in north India, to cater to market requirements from other parts of the country.
UMI, which has a sales target of 45,000 e-bikes this year, recently launched the Marathon, which has a range of up to 100km and which is priced at Rs 32,000 ex-showroom Chennai. With the rising prices of petrol, a certain section of entry-level scooter/motorcycle buyers are now switching to electric power, and UMI is trying to leverage that development.
[Via: Indiaautomotive]
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