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TVS overtakes Yamaha’s Market Capitalisation

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TVS overtakes Yamaha’s Market capitalisation to become third-largest two-wheeler maker in the world. The market capitalisation (Mcap) of Chennai-based (India) TVS Motor has surged 37% to $9.2 billion over the past six months, as per Bloomberg’s data. In contrast, Yamaha Motor saw an Mcap erosion of $1.6 billion from its August highs. Only seventeen months ago, TVS Motor Company was less than half the size of Yamaha Motor Co. Now, it has overtaken the Japanese two-wheeler giant in terms of market valuation. Investors continue to bet on a revival in both domestic and export markets, and TVS seemed the horse of choice, symbolic of its logo. BTW, Indian two-wheeler manufacturers make up four of the top five companies in the world. Bajaj Auto tops the list with a Mcap of $19 billion, followed by Eicher Motors with an $11.5 billion Mcap. Hero MotoCorp ranks fifth with a market valuation close to $8 billion. Additionally, TVS Motors has gained dominant position in EV scooters, and has managed to gain market share in every segment over the last few years. TVS makes the 310cc BMW engines and motorcycles sold in India. TVS also owns the Norton brand. US-based Harley-Davidson ranked seventh with an Mcap of $4.3 billion, three Chinese manufacturers are featured among the top ten two-wheeler makers in the world. * * * * * * * * Stay on top of the two-wheeled world, subscribe to Bikernet.com free weekly newsletter

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Invasion of the Small Capacity Engines

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Small is Big: Motorcycles with less power, more styling, high sales volumes Just as the world was recognising the perks of weekend motorcycle getaways and big V-Twin engines, there was also economic collapse, trade tariff wars and then the curse of the climate. Everyone complained about the weather and then somebody actually did something about it. Like all solutions, the proposal was a ban. In this Article we dive into the world of small things making big waves in motorcycle industry Click Here to Read this Comprehensive Overview of All Things Big About Small

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Harley Financials and Growth Prospects for 2023

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by Bandit I’m not a financial advisor. I’d rather build another motorcycle than chase the stock market. But take a look at my portfolio. I have maybe 20 motorcycles, one triumph, one Indian (I had two but traded my ’46 for a ’50 bobbed Panhead). What does that tell you? I’m a Harley guy. All bikers have a special relationship with Harley-Davidson. The question always is: Does the factory respect and embrace that relationship? So, the final quarter, yearend financials surfaced, but they weren’t posted like they were in the past, you had to ask for them. However, the factory slipped into the mainstream media spotlight leading into 2023, in some troubling ways, and others indicate positive growth. Click here to read this Special Report only on Bikernet.com * * * * * * * * * * * * * * * * Follow the lead, get membership to Bandit’s Cantina. View your options now, click here.

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Harley’s electric motorcycle division to go public via $1.7 billion SPAC deal

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from https://www.cnbc.com/ Key Points : Harley-Davidson’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday. The company launched LiveWire earlier this year, hoping to claw back lost market share as its core baby boomer customer base grows older and interest in motorcycling as a recreational activity fades. Harley-Davidson will retain a 74% stake in the company, which is expected to list on the New York Stock Exchange under the symbol “LVW.” Harley-Davidson’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday, as the 118-year old brand bets on younger customers to boost volumes. The company launched LiveWire earlier this year, hoping to claw back lost market share as its core baby boomer customer base grows older and interest in motorcycling as a recreational activity fades. A broader awareness about climate change is also paving the way for automakers to lean towards greener vehicles. Valuations have gained as money managers are also increasingly factoring in ESG policies in their investments. Harley is the latest to cash in on an uptick in valuations of electric-vehicle makers. Last month, Amazon-backed EV maker Rivian shot past $100 billion in valuation in its market debut, surpassing Ford and General Motors. “If anything this underlines what we’ve been saying for a long time. Detroit, wake up! The train has left the station! EVs are inevitable,” Roth Capital analyst Craig Irwin said. “Many traditional OEMs (Original equipment manufacturers) with emerging EV businesses can obviously do similar spinoff transactions,” Irwin added. Harley’s shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%. Jochen Zeitz, Harley’s chief executive, will be the chairman of LiveWire for up

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Harley-Davidson Has Missed the Mark in Electric Transportation

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by Travis Hoium from https://www.fool.com The company can’t get over its past success. The iconic Harley-Davidson (NYSE:HOG) brand is in trouble. The company has seen revenue fall for a half-decade, and earnings have evaporated. Strategies to get into electric motorcycles have largely failed, and the core business doesn’t show any signs of a turnaround. Despite all of these challenges, Harley-Davidson stock is up 82% over the past year, and investors seem optimistic about a turnaround. But there’s good reason to think that won’t happen for this leisure stock. Harley-Davidson’s motorcycle market is shrinking One thing is clear: Harley-Davidson’s market is getting smaller as the culture that brought the company to industry dominance diminishes. The customer base is aging, younger consumers are no longer interested in the look or sound of Harley-Davidsons, and growing markets adjacent to the motorcycle market have been difficult for the brand to enter. The biggest challenge is that Harley-Davidson was always a culture brand, and that’s what made it so powerful for decades. It wasn’t just motorcycles — it was people’s apparel, the sound the bikes made, and long rides on the open road. As more people move to urban markets and look for less disruptive means of transportation, the culture looks out of date. Going electric isn’t enough Harley-Davidson hasn’t been completely surprised by the industry’s changes — it saw the electric vehicle market coming to motorcycles. But it miscalculated what kind of products consumers want and where its brand can connect. The current LiveWire products are a similar form factor to traditional motorcycles, but that’s not where consumers are trending. Electric scooters are really where the growth has been, with Statista estimating that about 50 million electric scooters and bicycles were sold in 2020. Grand View Research estimates the electric scooter market will grow

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Harley-Davidson faces proxy fight with investor Impala

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by Svea Herbst-Bayliss from https://www.reuters.com The $2.8 billion hedge fund run by Robert Bishop, which owns 1.9 million Harley shares, or 1.2% of the company, has nominated former auto industry executive Brent Dewar and Leo Hindery, Jr., who has public board experience, as directors to Harley’s nine-member board. BOSTON: Harley-Davidson Inc faces a battle with one of its investors after Impala Asset Management said on Wednesday it will try to install two directors at America’s oldest and best-known motorcycle maker. The $2.8 billion hedge fund run by Robert Bishop, which owns 1.9 million Harley shares, or 1.2% of the company, has nominated former auto industry executive Brent Dewar and Leo Hindery, Jr., who has public board experience, as directors to Harley’s nine member board. Harley has rejected the two men, saying in a filing that they would not bring fresh skills and declining to settle with Impala when the hedge fund first approached the company about new nominations to the board. Impala has criticized the company for losing market share and the board for being slow fixing poor returns. It also pushed for the ouster of former CEO Matt Levatich in January. “Impala approached the Board and advocated for the removal of then-CEO Levatich and a modest refresh of the Board itself. We believed then, and still believe, that the Company underperformed its potential under Mr. Levatich and that the Board should have taken action on its own,” the hedge fund said in a filing. Harley tapped long-time board member Jochen Zeitz as interim CEO on Feb. 28. A German passport holder, Zeitz’s appointment came just days before U.S. President Donald Trump banned some travel from Europe amid the spread of the coronavirus that has sent markets reeling and killed more than 8,700 people so far. The motorcycle maker said

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Does Indian Motorcycle Have a Harley-Davidson Problem?

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by Rich Duprey from https://www.fool.com/ Sales remained aloft longer than its rival, but now even its sales are falling. As much as falling motorcycle sales at Harley-Davidson (NYSE:HOG) have been attributed to its core customer aging out of the market while the next generation of riders seems uninterested in buying the big bikes it produces, Indian Motorcycle sidestepped most of the same pitfalls even though it produces many of the same kinds of motorcycles as Harley does. Since being resurrected from bankruptcy by Polaris Industries (NYSE:PII) and returned to the market in 2014, Indian has been a steady performer with retail sales often rising in the double-digit percentages. That has allowed it to steal market share from Harley, whose sales often contracted at similar percentages. Yet with Polaris’ third-quarter earnings report released last month, investors may have to accept that Indian Motorcycle now has its own Harley-Davidson problem. A worsening sales decline Polaris Industries is not transparent at all when it comes to telling you how its motorcycle business is performing. Where Harley breaks down sales and shipments by geographic region and type of motorcycle, Polaris provides vague percentage increases or declines, maybe calling out a model once in a while, but never giving investors any real insight into how Indian’s various motorcycles are performing. What we do know is that despite double- and even triple-digit sales growth early on, Indian Motorcycle sales are now quickly spiraling down. Even as Polaris obscures the actual numbers, a mid-teen-percentage decline in retail sales that far eclipses the contraction of the broader motorcycle market suggests that this is becoming a big problem for the bike maker. Worse, the downdraft is accelerating. In the second quarter, Polaris said Indian retail sales were down by almost 10%, while in the first quarter they were down

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China’s Ninebot unveils scooters that drive themselves to charging stations

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Ninebot said Uber and Lyft, the ride-hailing giants that are expanding into scooter-sharing, would be among the customers for the new semi-autonomous vehicles that are expected to hit roads early next year. BEIJING/HONG KONG – Segway-Ninebot Group, a Beijing-based electric scooter maker, on Friday unveiled a scooter that can return itself to charging stations without a driver, a potential boon for the burgeoning scooter-sharing industry. Ninebot said Uber and Lyft, the ride-hailing giants that are expanding into scooter-sharing, would be among the customers for the new semi-autonomous vehicles that are expected to hit roads early next year. Gao Lufeng, Ninebot chairman and chief executive, told Reuters in an interview that AI-driven scooters, controlled remotely from the cloud, could radically improve the economics of scooter-sharing. “The pain point for scooter operators is to better maintain the scooters at a lower cost,” he said. Currently, operators of scooter sharing fleets have to collect the machines manually for re-charging. Formed by the 2015 combination of China’s Ninebot and U.S. transportation pioneer Segway, the company has quietly become the largest supplier for scooter-sharing companies such as Bird and Lime “I believe scooters will replace bicycles as the prime solution for micro-mobility,” Gao said. “It’s human nature to save energy when commuting.” The scooter-sharing fad was triggered two years ago with the launch of Bird in California. Venture-capital investors have since poured hundreds of millions of dollars into the sector, and fleets of electric-powered scooters now operate in cities across the U.S. and Europe. Segway-Ninebot Group has applied to list its shares on the China’s new Nasdaq-style board for homegrown tech firms, the STAR Market. The company sold 1.6 million scooters in 2018, according to a prospectus filed in April. Lyft and Uber did not immediately respond to emailed requests for comment. The new scooters

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Electric scooter sharing firm VOI raises $30 million for European expansion

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VOI-Electric scooter sharing firm VOI raises $30 million for European expansion STOCKHOLM: Electric scooter sharing firm VOI Technology has raised $30 million in another fundraising round since being set up seven months ago for its European expansion and investment in research to fend off growing competition, it was reported on Monday. Uber Technologies Inc, Alphabet and several other high-profile investors are very interested in gambling on scooter-sharing leading to rapid rise in Europe thanks to large commuter populations and lower levels of car ownership compared to USA. Domestic startups such as Tier and Dott and U.S. rivals Bird and Lime raised thousands of dollars in 2018 to expand further into the crowded marketplace after having successfully put many scooters on European roads. VOI is backed by investors such as BlaBlaCar CEO Nicolas Brusson and venture fund Balderton Capital. Their belief they can beat rivals by building closer relationships with city authorities gives them an edge over competitors such as Uber. Unlike major rivals, “asking ‘permission’ before we enter new towns and cities means we can work with the authorities on the ground to offer more than just a viable alternative to cars,” CEO Fredrik Hjelm said. We could also “help people to combine their e-scooter journeys with the existing public transport network,” he added. People can locate nearby VOI scooters via an app or maps and then ride it by paying a 1 euro unlocking fee plus riding costs of 0.15 euro per minute. August launch has seen VOI build up over 400,000 riders, taking more than 750,000 rides, and it said it would use the new funds to expand in Italy, Germany, Norway and France. Critics warn operators could face similar issues as bike sharing firms. Forced into price wars due to competition and facing backlash from authorities over

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