Harley-Davidson Announcement To Enter 250-500cc Segment Sees Eicher Motors Shares Fall By Nearly 3%

It was just yesterday that Harley-Davidson announced that it's working on introducing bikes in the 250-500cc range. the company will be entering into a strategic partnership with an Asia-based two-wheeler company for manufacturing the 250 cc- 500 cc motorcycles, without mentioning who the new partner will be. The company has categorically mentioned that this new product will be brought to India with intent of further broadening the customer access to Harley-Davidson motorcycles and also fuel the company's growth in India. This announcement certainly seems to have taken a toll on the share prices of Royal Enfield's parent company Eicher Motors. Today, the shares of Eicher Motors fell by as much as 2.84 per cent which is a big drop for the company.

Also Read: Harley-Davidson Announces 250cc-500cc motorcycles For Asian Markets

Royal Enfield posted strong sales of 74,477 units in June 2018, a growth of 18 per cent year on year. In fact exports grew by 27 per cent in June compared to the same period last year.

Harley-Davidson sold 3,000 fewer motorcycles worldwide in the second quarter of 2018 than it did during the same period in 2017, a decline of 3.6 per cent. In all, in the April to June period of 2018, Harley-Davidson sold 78,428 motorcycles, compared to 81,388 motorcycles in the same period in 2017. Harley-Davidson's international sales however continue to grow, even though marginally, with a 0.7 per cent growth in the second quarter.

With sales slowing down, particularly in the US market, Harley-Davidson's new small capacity motorcycle will be launched keeping in mind the high volumes Asian markets, including the world's largest two-wheeler market that is India.



from NDTV CarAndBike - Latest News

Comments

Post a Comment

Popular posts from this blog

Harley-Davidson Streetfighter Spotted In Flesh For The First Time

Image
Harley-Davidson unveiled a range of new motorcycles last year that included an adventure tourer, streetfighter and Custom range. This, along with the LiveWire electric motorcycle defines the new-age 21st century offerings from the manufacturer as it taps into newer markets and caters to an evolving customer base. Now, giving a glimpse of the new models out in the open, the new Harley-Davidson Streetfighter was spotted in the prototype version at what seems to be a trade show in the US, giving a good glimpse at motorcycle looks like in flesh. While board says 'Styling Prototype', the production-spec version of the Streetfighter is likely to stay identical to the model showcased here. In addition to the Streetfighter, the Pan America was also showcased at the same event. The production spec versions of both bikes could be unveiled at EICMA this year. Also Read: Harley-Davidson Livewire To Be Unveiled In India In August The Harley-Davidson Streetfighter is a completely new mot
Read more

Brixton 1200 To Rival Triumph Bonneville T120

Image
A 1200 cc modern classic with similar design lines as Triumph's iconic Bonneville series, has reportedly been cleared for production. The bike was showcased as a concept at last year's EICMA motorcycle show, and from the looks of it, this is a model developed in China with the Triumph Bonneville T120 in its sights. The Brixton brand though is part of Austria's KSR Group, which imports bikes from several Chinese manufacturers, including CF Moto. And while the new Bonneville rival will be manufactured in China, the design and engineering has been created at KSR's design centre in Krups, Austria. Also Read: Triumph Bonnville T120 First Ride Review The Brixton 1200 cc motorcycle has not been named yet, or a launch timeline announced So far, the company has not committed to a launch date yet, but says that it will eventually make it to production. And from the looks of it, that may well be sometime later this year, maybe even at the EICMA 2020 show in Milan, Italy, in
Read more

Zongshen Cyclone RX6 Based On Norton 650 Nearing Completion

Image
While there still doesn't seem to be a buyer for iconic British brand Norton Motorcycles which went into administration in January this year, the firm's 650 cc parallel-twin seems to be finding life in China. While Norton apparently sold off the engine rights of its 961 engine to China's Jinglang just before the brand went into administration, the deal for the 650 cc engine was finalized way back in 2017 with Chinese giant Zongshen. The 650 cc parallel-twin engine was due to be used in Norton's Atlas and Superlight models, but now it looks like that engine platform will make its debut in a Zongshen motorcycle, called the Cyclone R6. Also Read: How Much Is Norton Motorcycles Worth Now? One of the patent designs shows the Cyclone RX6 with full touring accessories and luggage Two prototypes fitted with the 650 cc parallel-twin engine were shown in China late last year, on the Zongshen Cyclone RX6 adventure bike and the RX6 sport tourer. Both bikes used Zongshen-made
Read more