UM Motorcycle to invest Rs. 162.25 crore in India

TusharK · 26th February 2018, 11:47

Juan Villegas, Director UM International LLC has told the media that the company is planning to setup an engine manufacturing unit in India with an investment of Rs. 162.25 crore.

UM Motorcycle to invest Rs. 162.25 crore in India-um-motorcycles.jpg

The new engine plant is likely to come up around Hyderabad. It is expected to be operational by early-2019 and will have an annual capacity of 50,000 units. The US-based bike maker currently has an assembly unit at Kashipur in Uttarakhand, which has a production capacity of 50,000 motorcycles. It currently employs 500 people. This figure is expected to rise to 1,200, once the new plant comes online.

The bike maker is also aiming to increase the level of localization in its products from the current 50% to 100%. The company hopes to achieve 30% growth per annum and increase India's share in its global sales from the current 7% to 25%.

UM currently offers four cruiser bikes from its Renegade series in India. These include the Commando, Commando Classic, Commando Mohave and Sports S. The bikes are priced in the range of Rs. 1.60 - 1.95 lakh (ex-showroom, Delhi).

UM International LLC first showcased its products at the 2014 Auto Expo. In September 2014, UM Lohia Two Wheelers Pvt. Ltd. - a joint venture company with Lohia Auto Industries was formed.

Source: The Economic Times

Link to Team-BHP News

GTO · 27th February 2018, 13:56

Always good to hear of investments in India

.

I got to admit, I had initially dismissed off UM Motorcycle. After all, every month sees an announcement from yet another unknown brand talking about their plans to launch bikes & scooters here, but they eventually disappear (some after collecting dealership deposits).

UM Motorcycle has bucked the trend, if you read up posts from BHPians on this thread. Look up all the posts on pages 4 & 5 (including from an owner). They are legit, delivering bikes & making efforts. Surely not the last word in quality, but they seem to be offering something unique.

26th February 2018, 11:47	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,250 Thanked: 55,625 Times	UM Motorcycle to invest Rs. 162.25 crore in India Juan Villegas, Director UM International LLC has told the media that the company is planning to setup an engine manufacturing unit in India with an investment of Rs. 162.25 crore. The new engine plant is likely to come up around Hyderabad. It is expected to be operational by early-2019 and will have an annual capacity of 50,000 units. The US-based bike maker currently has an assembly unit at Kashipur in Uttarakhand, which has a production capacity of 50,000 motorcycles. It currently employs 500 people. This figure is expected to rise to 1,200, once the new plant comes online. The bike maker is also aiming to increase the level of localization in its products from the current 50% to 100%. The company hopes to achieve 30% growth per annum and increase India's share in its global sales from the current 7% to 25%. UM currently offers four cruiser bikes from its Renegade series in India. These include the Commando, Commando Classic, Commando Mohave and Sports S. The bikes are priced in the range of Rs. 1.60 - 1.95 lakh (ex-showroom, Delhi). UM International LLC first showcased its products at the 2014 Auto Expo. In September 2014, UM Lohia Two Wheelers Pvt. Ltd. - a joint venture company with Lohia Auto Industries was formed. Source: The Economic Times Link to Team-BHP News
	(6) Thanks

27th February 2018, 13:56	#2
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,498 Thanked: 300,309 Times View My Garage	Re: UM Motorcycle to invest Rs. 162.25 crore in India Always good to hear of investments in India . I got to admit, I had initially dismissed off UM Motorcycle. After all, every month sees an announcement from yet another unknown brand talking about their plans to launch bikes & scooters here, but they eventually disappear (some after collecting dealership deposits). UM Motorcycle has bucked the trend, if you read up posts from BHPians on this thread. Look up all the posts on pages 4 & 5 (including from an owner). They are legit, delivering bikes & making efforts. Surely not the last word in quality, but they seem to be offering something unique.
	(2) Thanks