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Superbike giant Benelli to set up manufacturing plant in Hyderabad (Lead)

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Hyderabad, Aug 6 (IANS) Benelli, global leader in the superbike segment, on Monday signed a MoU with the Telangana government to set up an indigenous manufacturing plant near Hyderabad.

The Italian motorcycle brand, owned by China-based QianJiang Group, also entered into a strategic partnership with Adishwar Auto Ride India-Mahavir Group, a leading automobile dealer, to market its products in India.

The partnerships were announced by the officials of Benelli, Telangana government and Adishwar Auto Ride India-Mahavir Group at an event here.

The manufacturing facility will be set up in two phases.

In the first phase, Adishwar Auto Ride India-Mahavir Group will set up an assembly unit, which will be operational by October 2018. The unit, to come up on 3 acres of land at Gondlapochampally on the outskirts of the city, will have a capacity of 10,000 bikes annually. AARI-Mahavir Group will make the investment in the assembly.

Under the second phase, Benelli will set up its manufacturing plant over 20 acres, bringing the investment, technology and R&D. The location for the facility will be identified later.

While assembly unit will cater to only Indian market, Benelli could look at exports to the neighbouring countries after setting up the manufacturing facility.

Vikas Jhabakh, MD, Benelli India, told reporters 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.”

Benelli choose AARI-Mahavir Group as the new partners for India after ending the partnership with previous partners.

Currently there are about 5,500 Benelli bikes, brought into India on Completely Knocked Down (CKD) platform. The company is currently selling about 2,500 units every year.

With two-wheeler market growing at 6-8 percent and the superbike segment growing at 20 per cent every year, he was confident of reaching 10,000 units in 2-3 years.

Benelli plans to bring back three models to India in October this year. Overall, it aims to launch 4-6 models by the end of 2019.

AARI-Mahavir group will assemble the bikes and supply through dealers across the country. It plans to increase the number of dealers from present 18 to 60-65 by 2020.

The cost of Benelli bikes in India range from Rs 2 lakh (450cc) to Rs 6 lakh (600cc).

Established in 1911, Benelli has presence in over 60 countries. Its global product portfolio includes more than 200 variants including motorcycles, scooters and electric bicycles.

Telangana Minister for Industry K.T. Rama Rao said that with a big brand like Benelli, the automobile sector in Telangana will get a good fillip. He said the government was also keen to have ancillary industry so that a strong automobile ecosystem is built in the state.

“Currently, we have 21 per cent market share in the super bike segment in India and our aim is to surpass 30 per cent by 2021. We have also established robust after sales service in India to build a relationship of mutual trust and knowledge with our customers,” said George Wang, Director, Benelli.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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