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 ...
Royal Enfields 3rd Tamilnadu plant begins production
The Dollar Business Bureau Bike maker Royal Enfield began its commercial production in its third plant in India at the industrial estate of Vallam Vadgal, near Chennai. This facility near Chennai spanning over 50 acres, is the third one in Tamilnadu for the company. The bikes manufactured in this unit will cater to the domestic and international markets, a company press release said. With this the total production capacity of all the 3 plants in India could reach 8.25 lakh units in FY18 the release added. In FY 17 Royal Enfield manufactured and sold 6,67,135 motorcycles, nearing its installed capacity. According to the release, in 2017-18 the company has earmarked Rs 800 crore as investment for capacity expansion at Vallam Vadgal, new products and ...
100 years for BMW Group means 100 years of forward thinking, Vikram Pahwa
By Sheela Mamidenna The youngest of the German cars in India, BMW, is fighting back to reclaim its leadership position in India. With its new Indian President and the company’s ‘power to lead’ strategy, BMW India recently launched the newest version of its luxury sedan, the 5 series, on June 29. Locally produced at the BMW Plant Chennai, the all-new BMW 5 Series will be available in diesel and petrol variants at all BMW dealerships across India from 1 July 2017 onwards. With the official implementation of GST on July 1, BMW is hopeful that it will make a strong comeback in India in a segment that accounts for less than 2% in the passenger vehicle market. With BMW, MINI and Motorrad, the BMW ...
Ducati opens first dealership in Gujarat
PTI Italian superbike maker Ducati today announced opening of a dealership here -- its first in Gujarat and fifth in the country. With this new dealership, Ducati India is now operational in 5 major cities across India, including Delhi NCR, Mumbai, Bangalore, Pune and Ahmedabad. The 6,000-sqft showroom-cum-service centre on SG Highway area of city has been established by Motonova Superbikes Pvt Ltd, owned by Supernova Group. Ahmedabad is a key to company's growth plan, said Ravi Avalur, Managing Director, Ducati India. "As part of Ducati India's strategic expansion in the country, we are opening a dealership in Ahmedabad. With the growing demand for premium motorcycles in Gujarat, Ahmedabad is the key to our growth plan in India," Avalur said. He added that ...
Hero MotoCorp eyes international market
Around 20 % of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. However, itbeganexporting two years agoand is planning to prioritize Latin America, Africa and theCentral American regions The Dollar Business Bureau After splitting from Honda, Hero is planning to reach out to Latin America, Africa and Central America Hero MotoCorp will start selling its two wheeler in Nigeria from March, said the Chairman and the Managing Director of the company, Pawan Munjal. He was presenting the company's Rs.850 crore coherent Research and Development facility at Kukas, located 25 kms from Jaipur. Around 20% of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. ...
