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Italian bike-maker Benelli signs MoU for plant in Telangana

Press Trust of India  |  Hyderabad 

Italian motorcycle-maker today signed an MoU with government and Adishwar Auto Ride International (AARI), a subsidiary of Mahavir Group, for setting a here.

The group company would initially start assembling CKD (completely knocked down) kits of the bike here for and the partnership entitles Adishwar to assemble, manufacture bikes and import exclusive range of the bikes from and SouthEast Asian regions, managing of Vikas Jhabakh said in a press conference.

Established in 1911, Benelli is one of the oldest Italian motorcycle-manufacturer andhas presence in over 60 countries such as America, Africa, and regions.

"In 2005, Benelli became part of Qjian Jiang Group, As of now, we are selling about 2,500 bikes in We aim to assemble 10,000 units in the first phase. Once we reach that figure, we aim to go in for production here," he said.

The first bike would roll out in October this year and Benelli plans to roll out four or six models in the Indian market by end-2019, he said.

IT and KT Ramarao assured the bike-maker of cooperation in setting up its facility here.

of said, Our partnership with the government and Adishwar Auto Ride reassures their long-term goal of 'Make in India' super bikes.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 06 2018. 20:55 IST