Kinetic Group's multi-motorcycle brand company MotoRoyale has introduced the Italian motorcycle maker FB Mondial in India. The bike brand commences operations with its new scrambler - HPS 300 - that is priced at Rs. 3.37 lakh (ex-showroom). Commencing operations in Italy in 1936, FB Mondial has had an illustrious history with motorcycles, which was following by a rich racing history during the 1950s. Financial turmoil, however, forced the bike maker to shut operations in 1957, but the brand was later resurrected in 2014 with the launch of two small capacity motorcycles - Hipster 125. The newly launched FB Mondial HPS 300 has been derived from the Hipster range and is a 250 cc motorcycle, styled as a scrambler. FB Mondial will be locally assembling the HPS 300 at MotoRoyale’s Ahmednagar facility in Maharashtra.