Benelli has inked a memorandum of understanding with the Telangana government to set up an indigenous manufacturing plant near Hyderabad.
A global leader in the superbike segment, the Italian motorcycle brand, owned by China-based QianJiang Group.
It entered into a strategic partnership with Adishwar Auto Ride India-Mahavir Group, a leading automobile dealer, to market its products in India.
Speaking to reporters, Vikas Jhabakh, MD, Benelli India, said that they target to assemble about 3,000 units in the first year.
“AARI-Mahavir Groups are Benelli’s partners for India but going forward we will have joint venture when second phase comes into effect,” he added.
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