The tariff removal will lower prices of Harley's large-displacement imported motorcycles, which retail between 14.5 lakh and 45.8 lakh but after the duty cut volumes are expected to remain modest.
The production-linked incentive (PLI) scheme for the automobile sector has created market distortions, excluded innovation-led electric two-wheeler (e2w) makers, and failed to convert cost advantages into export competitiveness, with 77 per cent of export volumes driven by non-PLI models, said a report released by the Centre for Domestic Economy Policy Research (C-DEP) on Friday.
It has been seven months since the iconic motorcycle manufacturers, Harley-Davidson and Triumph, embarked on their journey in India with the backing of partners Hero MotoCorp and Bajaj Auto. According to data shared by the Indian majors, both brands are already creating ripples in the above 350cc category. The increase in sales has prompted a ramp-up in production and even the doubling of retail touchpoints for one of them.
This is a precautionary service intervention, and will be undertaken across the UK, rest of Europe and South Korea, the company said.
However, Enfield said Bajaj was celebrating too early.
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The launch of a range of electric motorbikes (e-bikes) by Bengaluru-based Ola Electric, a first for the company, has disconcerted the industry because the low price the firm claims to be offering has the potential to disrupt the market. On August 15, Ola unveiled its Roadster series e-bike with a starting-price at Rs 74,999. This new pricing undercuts the previous lowest price in the category, which was Rs 110,000.
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Some people say I treat it as my wife, others ask why care so much, it is a machine it has no feeling, it has no life, but hell I say, once I hear it roar it does make me feel alive, is how Get Ahead reader Adamya Manshiva expresses his love for his favourite bike.
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An excerpt from Conde Nast India's Make In India magazine.
The Hero Splendor Pro shall continue being the legend it always was and bike fanatics like us will simply keep passing its fables from one generation to another. A great bike to ride, a greater bike to own and at Rs 52,000 it can't get any more affordable be it the cost, reliability and mileage.
The industry players couldn't hide their disappointment.
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