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Mumbai: Taiwanese two-wheeler major, Sanyang Industry Co Ltd (SYM), which had earlier taken an 11.1-per cent stake in Kinetic Motor Co, today announced the launch of its advanced two-wheeler platforms in India.
According to Taka Huang, vice chairman, SYM, the Taiwanese company will introduce these two-wheelers in association with Kinetic. Huang, on his first visit to India, was addressing journalists at the Kinetic plant in Pune. The Taiwanese company's R&D lab has developed and perfected key technologies such as four-valve engines, ceramic-coated cylinder engines which offer extraordinary durability and longevity (with a lifetime warranty), one-piece cylinder head 4v, MIS intelligent ignition system and water resistant alloy cylinder technology. SYM has also developed and commercially marketed models with fuel-injection technology, which is becoming a crucial technology input to comply with tighter Euro 3 emission norms. SYM makes a range of two wheelers - including scooters and motorcycles. The first launch of the SYM-Kinetic range is expected in the last quarter of 2006. The two companies also plan to leverage their synergies for sourcing of components, aggregates or entire vehicles from India, which will enhance SYM's global competitive position especially in scooters. SYM has three major production bases - in Taiwan, China and Vietnam (including an R&D centre) for exports to North and South America, Europe, Asia, Australia and Africa. Kinetic is also expected to benefit from SYM presence in other countries through export synergies. "I am really excited to be flagging off our presence in one of the world's most important two-wheeler markets. We plan to bring to India our advanced technology and hope that the customers here will receive them as well as other countries have," Huang told the media. "Our team is impressed with Kinetic's facilities, distribution network and management and we are looking forward to working together. " Arun Firodia, chairman, Kinetic group, said, "This alliance will enable us to expand our business in India as well as other countries. Kinetic has introduced superior global technology to the Indian market over the last two decades through its global tie-ups and has always been appreciated by the people in India. We look forward to bringing out the best products with new generation engine technology for the Indian masses through this technical collaboration with SYM."
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