Royal Enfield to bid nearly $2bn for Ducati India
The Dollar Business Bureau The Royal Enfield’s maker in India, Eicher Motors is bidding $1.8 billion-$2 billion for the Italian motorcycle manufacturer Ducati, according to a Reuters India news on Thursday. This led to the shares of Eicher Motors spiraling to a record high. Eicher Motors is the only Asian company in the auction, finalising the terms with advisers before the bidding deadline at the end of September, the media agency reported. German carmaker Volkswagen(VW) is also considering options for Ducati, including a sale of the brand, wholly controlled by VW's Audi division. But internal rifts and resistance from the German trade unions, have put the company’s plans on hold. It should be recalled that Reuters had reported earlier that Hero Motor Corp ...
India's auto exports take a hit in December
During April- November 2015, the countrys auto exports grew by just 2.61%, much less than the growth rate of 5.78% witnessed during April-October period The Dollar Business Bureau During April-March 2015, the countrys overall automobile exports grew by 14.89% over 2014 when the overseas sales in of three-wheelers and two-wheeler grew by 15.44% and 17.93% respectively Indias automobile exports seem to have been facing the heat of the global slowdown as the growth rate in the overseas sales has witnessed a sharp reduction in the past two months. During April- November 2015, the countrys auto exports grew by just 2.61%, much less than the growth rate of 5.78% witnessed during April-October period. Analysts say that the steep fall in the export of commercial vehicles ...
