Grupo Surman unveils plans to build Bajaj motorcycles at two facilities in Mexico
Grupo Surman, one of the largest automotive dealers in the country, announced that through its Motodrive subsidiary, it will install two motorcycle assembly plants of the Indian brand Bajaj to supply the domestic market.
In conference, Olaf Sarabia, CEO of the subsidiary, said that the first plant will have a capacity of 50,000 units per year, although it did not detail the amount of the investment.
“This plant will be located in an industrial park in Toluca (State of Mexico). We have not completely determined the amount of investment, but it is a totally new plant. We just finished the construction work, the tooling process will start in the coming days,” he explained.
The second factory will be in the north of the country, but the precise place is yet to be defined, San Luis Potosi and Durango are the states in mind. “It will have a similar or greater capacity than that of Toluca,” he commented.
On Bajaj motorcycle sales in Mexico, he said that they took control of the brand in August of this year, since before it was handled by Grupo Autofin.
“We are a new story, we expect to sell between 36,000 and 40,000 motorcycles in Mexico during 2019, but in five years we expect to reach between 100,000 to 150,000 annually,” Sarabia said, noting that they expect to have 120 distributors nationwide next year and 450 in five years.