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Classic Legends to get USD 105m investment

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Mahindra and Mahindra, along with others to invest USD 105 mn in Classic Legends The bestselling ‘Scorpio’ car manufacturer will invest USD 105 million along with existing shareholders and new investors, Mahindra said in an exchange filing.This will be over the course of next two to three years. Mahindra owns 60% of Classic Legends, which manufactures two-wheelers such as Jawa, Yezdi, and BSA. This is while investments in premium motorcycle segment in India is heating up with Harley-Davidson and Triumph partnering domestic companies, Hero MotoCorp and Bajaj respectively. Classic Legends has so far not made any inroads into this segment that is still largely dominated by Eicher’s Royal Enfield motorcycles. * * * * Invest in freedom, check out the membership options for Bandit’s Bikernet; click to know more.

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Polaris Slingshot shoots on ahead in 2024

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Well, purists may say it is not a trike and hence branded and classified as an “autocycle” by NHTSA. Irrespective of your preference and riding experiences, Polaris Slignshot continues to be a bestseller in its category as an autocycle. Slingshot has been so popular that the 2024 version will receive quite a few updates. In fact, I would like to see if Harley-Davidson will enter the autocycle segment to keep its three-wheeled business busy among dealerships. Polaris so far, has no interest in the traditional trike. Whereas Can-Am Spyder has its own unique market, not directly competing against Slingshot. I would say Can-Am Spyder is a choice for those unhappy with a big and heavy V-Twin powered Harley-Davidson Freewheeler and its luxurious sibling Road Glide and Tri Glide Ultra. H-D took a big gamble with Pan America and riders responded positively, at least initially. Even their return into India market with 440X, a small engine bike to compete against the local legend Royal Enfield, met with more bookings than they ever expected in this year, their 120th anniversary year. The recent India Bike Week saw custom built Harley-Davidson 440X showcased to the crowds which included one with a sidecar and a cafe-racer styled version. Will Polaris Slingshot and Polaris Indian as a whole consider expanding to Asian markets with local manufacturing to rival Harley-Davidson’s aspirations in China and India depends mainly on opportunities offered in investment and capital expenditure by the local governments in those nations. The automotive sector is booming for both, the Asian Dragon and the Asian Tiger, and Elon Musk might just put up a Tesla plant in India since Chinese cars, motorcycles and EVs are not promising given the Chinese military ambitions at it’s neighbors borders. QUAD Summit for 2024 seems to be postponed as POTUS

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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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