Ducati Motor Holding CEO Gabriele Del Torchio told ET, “I have asked MotoGP CEO Carmelo Ezpeleta to bring the Grand Prix event to India. If this event can happen in Qatar, China, Malaysia and Australia, I think India also has a great chance with vast improvements in infrastructure and the F1 circuit plans firming up. If all goes well, we shall have a full-fledged motorcycle racing season in India soon.” Read more
Courtesy: economictimes.indiatimes.com
Archive for the 'Bikes' Category
Italy’s Ducati plans to scorch racing tracks in India
Published May 9th, 2008 in Bikes and Yamaha motor. 0 CommentsCourtesy: www.indiacar.net
Courtesy: economictimes.indiatimes.com
The sales growth was helped by excise duty cut, apprehensions of rising interest rates after RBI?s move to tighten monetary policy further and the impending price rise indicated by all auto firms. Excise duty on cars and bikes was reduced to 12% from 16% in the Budget. Read more
Courtesy: indiacar.net
The government’s decision to waive off 8% excise duty on electric two-wheelers and three-wheelers is likely to bring down their price by Rs 1,800 to Rs 2,400, if the manufacturers pass on the entire benefit to customers. Currently, low-speed two-wheelers electric vehicles are priced at around Rs 20,000 and high-speed models at around Rs 36,000. The new fiscal benefit is likely to bring down the price as well as make them competitive with the petrol two-wheelers. Government has already waived off the excise on electric cars in this year’s budget. More
Courtesy: economictimes.indiatimes.com
Hero Honda has worked out a major expansion strategy for the rural markets and is planning to strengthen retail financing to support the initiative, that could lead to setting up of its own finance arm.
Pawan Munjal, MD of Hero Honda, told TOI that rural market would be a special focus area for the company as it is looking at new growth areas to maintain sales momentum in a shrinking market . “We have created a special ‘rural vertical ’ to push growth and this would spearhead our expansion in the rural market,” Munjal said. More
Courtesy: economictimes.indiatimes.com
To maintain its leadership position in the decelerating two-wheeler industry, Hero Honda, the largest two-wheeler company in the world, plans to enter the retail finance market. According to sources in the automobile industry, it is looking for a joint-venture partner in the new business.
This comes at a time when many financial institutions, including GE Money, Centurion Bank of Punjab and Citibank, have exited the two-wheeler finance market. Others like the market leader ICICI Bank and HDFC Bank have reduced their financial exposure in the sector. More
Courtesy: economictimes.indiatimes.com
The country’s largest two-wheeler manufacturer Hero Honda today announced raising prices of its products between Rs 500 and Rs 1000 owing to increase in input costs.
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Courtesy: economictimes.indiatimes.com
Oil, environment, lifestyle fuel Asia’s two-wheeler boom
Published April 11th, 2008 in Bikes. 0 CommentsRecord high oil prices, environmental concerns, affluent lifestyles as well as the need to dodge city traffic are driving a boom in Asia’s motorcycle and bicycle market, industry figures say.
The rediscovery of cycling as a way to keep fit is also helping to boost demand for two-wheelers, those at a bicycle and motorcycle exhibition which runs in Singapore until Sunday said.
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Courtesy:economictimes.indiatimes.com
Hero Honda Motors India (HHML), the largest two-wheeler manufacturer in the world, on Tuesday started operations at its new plant in Haridwar, Uttrakhand, with an initial production capacity of 0.5 million units, to be scaled up to a million units by 2008-end. More
Courtesy:economictimes.indiatimes.com
