New Delhi, March 7 :
New Delhi, March 7:
Kinetic Engineering Limited will launch six bikes in association with Korean motorbike company Hyosung. It will also launch indigenously developed scooters.
The company has also been approached by a Chinese firm for a technical collaboration.
However, officials were tightlipped about the offer. Arun Pande, managing director,
Kinetic Engineering Limited, said, 'I will not be able to comment on this.'
The six new bikes to be rolled out by Kinetic will cover the economy, combination and performance segments, including
the GF series. Of the six, three
will be in the 125-150 cc segment and the rest in 75-100 cc. The
first bike, to be rolled out in
technical collaboration with Hyosung, will be launched in July. However, Kinetic ruled out any equity partnership with the Korean company.
'We don't need an equity partnership. Both of us are happy with the current arrangement. But we are open to any kind of change, if necessary,' Pande said.
Kinetic has already invested Rs 100 crore in the project at its manufacturing base in Pune.