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Mahindra teaser video revealed

WE GAVE you the heads up last month on Mahindra Motorcycles' plans to enter the lucrative Indian motorcycle market - and here's a teaser video showing one of the company's machines on track in Italy. The Indian company will offer a variety of motorcycles, ranging from low-cost entry models to premium two-wheelers, said Anoop Mathur, the head of Mahindra’s motorcycle wing. The company is already an established scooter, 4x4 and tractor manufacturer.Despite their optimism, Mahindra is aware the company is moving into a competitve market, dominated primarily by Honda.

India Raises Import Duty on Motorcycles to 75%

The government of India has laid out its budget for 2013-2014, increasing the import duty for large motorcycles. The news will impact several major manufacturers hoping to gain a stake in the world’s second largest motorcycle market. India has become the hotspot for manufacturers but one of the biggest obstacles they face is the duty India levies on luxury goods.

Piaggio Reports First Half 2011 Results

The Piaggio Group reported slight increases in net sales and net profit over the first six months of 2011 compared to the same period in 2010. Net sales increased 1.1% to 830 million euros (US$1.19 billion) over the first six months of 2011, compared to 820 million euros (US$1.18 billion) in the first half of 2010. Piaggio reported a net profit of 33.3 million euros (US$47.9 million), a slight increase from the net profit of 33.1 million euros (US$47.6 million) reported last year.