growth

Harley-Davidson’s renewed focus on touring bikes drives upbeat forecast

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by Reuters from https://www.investing.com U.S. motorcycle maker Harley-Davidson (NYSE:HOG) on Monday reported a better-than-expected quarterly profit and raised its full-year forecast for sales growth, as its focus on bigger and profitable touring bikes boost demand, sending its shares up more than 8%. Since the middle of last year, the Milwaukee, Wisconsin-based company, which has struggled to grow sales for the past several years, shifted its focus to big bikes, traditional markets such as the United States and Europe, and older and wealthier customers. In February, the motorcycle maker unveiled a new turnaround plan that targets low double-digit earnings growth through 2025. The company said its retail sales, a measure of demand at its dealerships, surged 30% to 32,800 motorcycles in North America in its first quarter. Retail sales in Europe, Harley’s second biggest market outside the United States, slumped 36% to 4,900 motorcycles, due to the company’s decision to stop selling its smaller and less profitable Street or Sportster motorcycles and shipping delays as a result of the COVID-19 pandemic. The company said lower sales incentives and a cut in its selling, general and administrative expense lifted its motorcycle business operating margin by over 10 points to 18.5%. It now expects motorcycles business revenue to grow in the range of 30% to 35% in 2021, up from its prior estimate of between 20% and 25%. Harley’s net income jumped over threefold to $259 million in the quarter ended March 28, from $70 million a year earlier. On an adjusted basis, the company earned $1.68 per share, beating analysts’ average estimate of 88 cents per share, according to IBES data from Refinitiv. The company’s revenue rose to $1.42 billion from about $1.30 billion.

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Europe’s Electric Motorcycle Market Surges

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Press Release: IDTechEx from https://www.scoop.co.nz IDTechEx expects electric motorcycle sales in Europe to grow at least 50% year-on-year in 2020, building on the momentum of recent years. This is driven by continued policy support from governments alongside start-ups and incumbent OEMs entering the market with new model releases, finds the recent report from IDTechEx. Growth is also being boosted by consumer awareness and acceptance in Europe of the benefits of electric motorcycles. Besides the low cost of ownership, electric motorcycles improve the riding experience, taking away the noise, fumes, vibration, shifting, and clutching from the user experience, alongside the environmental benefits of low emissions. The result has been strong growth on par with the electric car market since 2017. How are electric motorcycles different? Electric motorcycles are unique, serious machines with power and energy requirements orders of magnitude higher than other common types of electric two-wheelers such as electric scooters, both the standing kind – think Lime – and the sitting kind – think Vespa. Indeed, electric motorcycles typically utilize electric motors beyond 40kWp, which is more comparable to those found in electric cars than electric scooters, in a much more restricted space. This high-power need, coupled with the limited space on the motorcycle, means manufacturers rarely use off-the-shelf parts and design motors in-house from scratch. The situation is the same for the battery packs, which actually take up the most space in boxy designs unconventional for the moto industry (even when utilizing high-energy automotive-grade Li-ion cells). In contrast, low energy, cheap LFP packs sourced from China can be used for the low energy needs of electric scooters. Zero Motorcycles, the global market leader for electric motorcycles based out of California, USA, is a good example. It uses locally sourced NMC pouch cells in a custom pack and has an

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Harley-Davidson appoints Jochen Zeitz as President & CEO: New plan to redefine brand

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by Rahul Kapoor from https://www.financialexpress.com With Matt Levatich stepping down, Harley Davidson had appointed Jochen Zeitz to lead the brand in the interim. But Zeitz has now been appointed as the president and CEO for the Milwaukee based motorcycle manufacturer. Harley-Davidson, the iconic American motorcycle brand has elevated interim President and CEO Jochen Zeitz as the new President and CEO of the company. Zeitz was appointed into the interim position after the former head of the brand Matt Levatich stepped down after a dismal sales performance of the brand that it witnessed in recent years. Zeitz who is currently the chairman of the board of Harley-Davidson brings his experience as the CEO of the sports apparel and goods brand Puma to the role. He also has plans to restructure the company and also redefine Harley Davidson. In a press statement, Zeitz said “Over the next few months, we will re-wire the business and redefine a new 5-year strategic plan later this year. I will then oversee the implementation of these changes and re-ignite Harley-Davidson as one of the most revered and iconic brands in the world,” Zeitz is working towards an all-new brand strategy called “The Rewire” that would allow Harley-Davidson to enter new markets and segments as well. The plan is said to develop further in the coming months which will incorporate key products, and initiatives from the current ongoing strategy for the brand, but with a key focus on markets and products that can help drive profits and growth. Harley-Davidson has found the last few years to be difficult in terms of unit sales. This has been more prominent in its home market – the USA as the modern consumers have moved away from heavyweight cruisers to adventure touring models or ADVs. Zeitz has been on the board

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Ducati sells over 53,000 bikes in 2019

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by Express Drives Desk from https://www.financialexpress.com Panigale, Multistrada biggest contributors to growth The Panigale and the Multistrada are said to have played an instrumental role in helping Ducati sell more than 53,000 motorcycles worldwide in 2019. Ducati Motor Holding has announced that in 2019, the brand sold 53,186 motorcycles. Recoding a margin growth of 0.3% when assessing against 53,004 units sold in 2018. For the fifth consecutive year, Ducati has sold more than 50,000 units within a calendar year. Globally, the 500cc above segment for motorcycles has seen a growth of 1.4%. However, while sales volume saw marginal growth, Ducati’s revenue saw further positive growth. The company’s turnover at the end of 2019 stood at €716 million (~Rs 57.7 billion) with an operating profit of € 52 million which is higher than € 49 million it secured in 2018. Ducati says that it recorded a turnover per bike figure which with about € 13,500 / motorcycle shows the highest value in the history of the company. The Italian superbike manufacturer claims that the Panigale superbike and the Multistrada adventure tourer motorcycles were instrumental in helping Ducati achieve these numbers. The Panigale has been the best selling super sports bike in the world for the second consecutive year and currently holds a massive market share of 25%. The Multistrada 950S and the 1260 Enduro being added to the range, the ADV family saw its best sales performance till date since it was first introduced back in 2003. Currently, there are 1,655 employees that work directly under Ducati Motor Holding. The Italian superbike maker has its presence in over 90 countries one of which is in India. Ducati India sells multiple variations of the Panigale, Supersports, Multistrada, Monster, Diavel, Scrambler and the Hypermotard motorcycles.

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Motorcycle racing in Asia is growing at unrivaled pace

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by Renato Marques from https://macaudailytimes.com.mo The first-ever person of Portuguese nationality to hold the position, Jorge Viegas has served as president of the global governing and sanctioning body of motorcycle racing, the Fédération Internationale de Motocyclisme (FIM), for just over a year now. In an exclusive interview with the Times last week, Viegas shared his opinions on the development of the sport in Asia and worldwide, speaking also about the ambitions of his presidency. He also offered some advice to Macau motorcycling event organizers, while stressing again that his organization has no jurisdiction over the annual event, part of the Macau Grand Prix. After one year at the helm of the FIM, Viegas remarked on his success in making the organization more democratic and more transparent. He also claimed victory in his goal to give more importance to the constituent FIM committees, which he said had been “totally left out of decisions” in the past. “I am very pleased that I [accomplished] a small ‘revolution’ at the FIM at the internal level,” he said. “That was one of my goals and it was achieved.” Opening the FIM to the world had debunked the impression that the FIM was just “a bunch of old guys that liked to travel.” “I have been opening the doors of the FIM to the outside and have started to collaborate a lot more with the promoters. Next month, we will, for the first time, host a plenary meeting with all the committees with the presence of journalists. This has never happened before. I want to show what the FIM does.” “One of the first measures I took was to hold a press conference that took place at Losail during Qatar GP last year, in which I presented everyone from the FIM side that works in

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Alternet Systems Highlights African $4 Billion Motorcycle Ride Hail Market

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DALLAS, Dec. 31, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Alternet Systems, Inc. (USOTC: ALYI) today highlighted Africa’s $4 billion motorcycle ride hail market featured in a recent TechCrunch article emphasizing the anticipated explosive growth in Africa over the next decade.  ALYI management sees ALYI as well positioned leader prepared to capture the wave of investment and growth coming to Africa in 2020 and beyond. ALYI is currently developing $300 million in electric vehicle projects in Africa targeting the shared-ride market, leading with electric motorcycles for the shared-ride market.  The company has signed orders for electric motorcycles with a side car to be produced in Kenya for shared ride providers in Kenya.  ALYI has also recently announced a $100 million cryptocurrency investment strategy targeted at expanding beyond the company’s existing $300 million in electric vehicle projects in Africa. ALYI has secured institutional commitment to support an annual African electric mobility technology conference and symposium to advance the deployment of electric powered transportation solutions specific to Africa.  The focus includes environmental sustainability but also overall transportation efficiency applicable to the African transportation infrastructure, economy, and consumer.  ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere.  In short, Africa is the global proving ground for electric powered transportation. Dr. Torno just concluded meetings in London last week where he secured institutional brand name commitment that will serve as the anchor event and attraction at the annual African electric mobility technology conference and symposium.  The planed conference and symposium location is Nairobi, Kenya. For more information,

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Global Driving Protection Gear Market is Expected to Reach USD 12.34 Billion by 2026

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Driving Protection Gear Market by Product Type (Helmet, Armor, Gloves, Knee Protection, Others), Material Type, Vehicle Type, Consumer Group, Distribution Channel, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026 /EIN News/ — New Jersey, NJ, Sept. 25, 2019 (GLOBE NEWSWIRE) — Increase in threat of diseases in livestock and growing preference towards meat and dairy products are two major driving forces of the market. The global driving protection gear market is expected to grow from USD 8.23 Billion in 2018 to USD 12.34 Billion by 2026 at a CAGR of 5.2% during the forecast period 2019-2026, according to the new report published by Fior Markets. Driving protection gears are accessories and equipment which aim to protect the people from harm while driving. Protective clothing may include certain types of jackets, gloves, boots, and pants. The increasing rate of accidents and mishaps has led to improving driving safety due to which the government has made it mandatory to wear personal protective equipment such as protective clothing and helmets. Additionally, functional refurbishments including weather resistance besides optimal safety are also generating the need for such accessories. Growing concerns regarding road safety is a major factor driving the market. In addition, rising motorsports popularity and increasing demand for superbikes across the world has also influenced the demand. However, severe competition for driving apparels from the unorganized sector is restraining the growth of the market. Nevertheless, innovations and advancements in the manufacturing processes to obtain protection gears utilizing innovative technologies are expected to drive the growth of the market in forthcoming years. DOWNLOAD FREE SAMPLE REPORT AT https://www.fiormarkets.com/report-detail/385893/request-sample Key players in the driving protection gear market are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., SCOTT Sports SA, Lemans Corporation, Sparco S.p.A, Leatt Corporation, EVS Sports, Troy Lee Designs,

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U.S.A. Now Has More Millionaires Than Sweden Has People

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FROM: www.FunTagger.com Tag – Good news USA continues to prove that it is indeed the “Land of Opportunity” – “The Promised Land” – a place where anyone with true enterprise can achieve “The American Dream”. The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s an increase of 2.5 percent from 2017. READ News Story at: FunTagger.com by Clicking here

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Yamaha Expects India to Become its Largest Production Base in 5 yrs

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Markets in Indonesia, Vietnam saturating; India priority No. 1, says top executive. Japanese auto major Yamaha Motor Company (YMC) expects India to overtake Indonesia to emerge as its largest base in terms of production output in the next five years. “India sells more than 20 million two-wheelers annually and the numbers are growing. Our company’s market share is in single digits. We want to improve this. There is a lot of opportunity,” says Yamaha India Chairman Shitara. Two-wheeler sales in India increased 6.95% to 19,740,727 units till February this fiscal. In the same period, India Yamaha Motor’s sales remained largely flat at around 732,006 units. The company additionally exported 226,010 units. Yamaha Motor India’s group chairman Motofumi Shitara was speaking on the sidelines of the launch of MT-15 priced at ₹1.36 lakh (ex-showroom, Delhi). “India is priority number one for us worldwide. We aim to have production volume of 2.5 million units in India in the next five years,” he said. Going ahead, Shitara said the company would steer clear of the mass segment and focus on launching premium motorcycles in the domestic market. The company has also commenced a study on introducing electric two-wheelers in India. Shitara is currently defining the mid-term roadmap for the company till 2025 to lay the foundation on how the brand Yamaha takes shape the country. Apart from growing volumes, Shitara said a focus area for him is to project a strong image for the Yamaha brand in the local market. Yamaha MT-15 was launched on Friday – a 155cc bike with liquid-cooled four-stroke engine mated to a six-speed transmission. MT-15 is priced at Rs 1.36 lakh ex-showroom. It has ABS and fuel injected variable valve actuation (VBA). On the idea of electric motorcycles, the Yamaha Chairman says – “Three points are important, one

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Harley-Davidson looks to consolidate position in big bike segment in India

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Last year, Harley-Davidson had reported sale of over 3,000 units in the country. New Delhi: American cult bike manufacturer Harley-Davidson Thursday said it aims to further consolidate its position in the over 1,600-cc segment in India, which it currently dominates with over 90 per cent market share. Economic Times Article: https://auto.economictimes.indiatimes.com/news/two-wheelers/motorcycles/harley-looks-to-consolidate-position-in-big-bike-segment-in-india/68414005 The company launched its 1200-cc model Forty-Eight Special in India priced at Rs 10.98 lakh (ex-showroom Delhi) here. It currently has four models in its big bike (over 1,600-cc) portfolio in the country. “We definitely will be consolidating in the big bike segment,” Harley-Davidson India Managing Director Sajeev Rajasekharan told . Sales in the 1,600-cc plus bike segment in India currently stands at over 600 units annually. Rajasekharan said last few years have witnessed consistent growth in terms of big bikes; and the company has been able to maintain its leadership position. “We expect the market to grow from this year as the trends have been positive. More models are there and road infrastructure has been improving. There is more awareness and all these factors will trigger further growth in the market,” he added. Last year, Harley-Davidson had reported sale of over 3,000 units in the country. The company’s bikes are priced between Rs 5.33 lakh (Street 750) and Rs 50.53 lakh (CVO Limited). When asked about the time-frame for introducing small capacity bikes in India, Rajasekharan said there is “not much to share on that”. Last year, Harley-Davidson had announced plans to develop a 200-500 cc motorcycle through a strategic alliance in Asia which will be used to primarily fuel its growth in India. On introducing its Livewire electric bike, he said, “We would launch it in the US and Europe; and when infrastructure is ready, Harley would look at spreading out to other markets as well.” He

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