DSK Motowheels has announced that it would set up a 'Hyosung' bikes manufacturing plant with an investment of up to Rs 600 crore over the next five years. The bikes will be rolled out 'Hyosung' bikes from the stable of Korean manufacturer S&T group.

The Pune-based DSK Motowheels also revealed its plans to set up a research & development (R&D) centre.

The company has identified a 100 acre site, situated around 70 kilometers from Pune, for the construction of the new plant and R&D centre.

The bike would be developed locally with the technical assistance of the Korean manufacturer, and the 150 cc and 125 cc commuter segment bikes will start rolling out of the plant around 2015-16.

The company also said that the plant will have a production capacity of one lakh units per year.

Announcing the plans, Motowheels Director Shirish Kulkarni said, "We are setting up a plant with a capacity of one lakh units and the total investment would be around Rs 500-600 crore in the next five years."

The plant will also produce the recently launched 250cc motorcycle Hyosung GT250R, which is available with a price tag of Rs 2.75 lakh. Currently, the bike is being imported into the country as completely built unit.