UM Motorcycles has officially announced that their motorcycles will hit the Indian streets by mid-2015.
The joint venture between UM Motorcycles and Lohia Auto Industries has been officially confirmed and they will commence manufacturing of 300-500cc cruisers in India next year.
This comes as a big news since the bikes which were displayed at the 2014 Indian Auto Expo carried 200-230cc engines and the plan now has moved towards higher capacity engines.
The company is locating 50 dealers for their first phase in the CY2015, which should mostly cover metro cities.
A facility is owned by Lohia Auto at Kashipur, Uttarakhand is going to be used for this project. The joint venture mentions investments of up to Rs. 120 crores for this manufacturing unit with a capacity of 1,00,000 units annually.
Among all other developments, we think it is a rather bold move to upgrade the engine line-up to much bigger capacity.
Source – ACI