Kawasaki sets up new Indian arm for motorcycle sales
24 April 2010
Japan's Kawasaki Heavy Industries Ltd today announced the launch of India Kawasaki Motors Pvt Ltd (IKM), a subsidiary specialising in imports, production and sales of motorcycles.
|Mr Rajiv Bajaj, MD, Bajaj Auto Ltd and Mr Hiroshi Takata, President Kawasaki Heavy Industries Ltd with senior officials at the launch of the new facility.|
Located in Pune, Maharashtra, IKM will have a capital of Rs5 lakh (approximately 100 million yen), wholly invested by Kawasaki Heavy Industries Ltd.
The new company will introduce several supersport, sport and cruiser models of Kawasaki bikes, primarily in the 250 cc class or higher category, the company said in a press release.
The Japanese company expects sales of up to around 1,000 units in 2010.
Kawasaki entered into a technical assistance agreement with Bajaj Auto Ltd (BAL) in 1984. Under the agreement, BAL has produced and sold motorcycles in collaboration with Kawasaki.
Kawasaki's new imports and sales subsidiary, IKM will consign the production of CKD*1 motorcycles to BAL's Chakan plant.