If you follow where the volume and the growth in the motorcycle industry come from, then it should be no surprise to hear that Triumph has announced its intention to enter the Indian market with its motorcycles. The 109-year-old brand based out of Hinckley is just the latest of many major OEMs to enter India, whose high tariffs and exploding market necessitate a local presence by manufacturers in order to be competitive. Rest assured the rest of this post will be devoid of any mention of the irony in the British brand entering into the once British colonial market of India.
Honda Motor Co. just released its sales figures for motorcycles in 2010, and surprisingly the Japanese company has done very well during an otherwise dismal year for the motorcycle industry. The secret to Honda’s success? The Asian market. Eight out of ten motorcycles Honda produces, ends up in Asia…and this figure excludes motorcycles sold in Japan and China.
Honda sold 14.3 million motorcycles in what it calls Asian countries last year (17.7 million globally), a record for the company, and a figure that is 23% higher than the previous record, which was set last year (another horrible year for the motorcycle industry we might add). Compare that staggering quantity to the 1.3 million units sold in China (the largest single country for Honda sales), 261,000 units sold in Europe, and 210,000 in North America, and the true value of the growing Asian economy becomes apparent.
Get ready to pour some peanut sauce on your spaghetti as Bologna Bullets destined for the Southeast Asian markets will soon be produced in Ducati’s newly planned factory in Thailand.
Being called a “final assembly” plant, the move is similar to the one that Harley-Davidson undertook late last year, where the Bar & Shield brand setup an assembly plant in India in order to side-step the extremely high tariffs the country puts on foreign-made motorcycles.
In addition to Harley-Davidson, Ducati will be joining the likes of Honda, Yamaha, KTM, and Brembo, all of whom have increased their presence in the Asian markets within the past year to capitalize on the growing economies of India, China, and Southeast Asia.
After successfully launching its cars in the growing markets of Asia, BMW plans on having its motorcycles available for purchase in three Indian dealerships by December of this year. Making available its R & K series street motorcycles, along with the S1000RR superbike, BMW will have a presence in New Delhi, Mumbai, and Bangalore, with the bikes being imported directly from BMW’s factory in Berlin. BMW has targeted India as an area for strong growth in the future, and joins companies like Brembo, Yamaha, Honda, Royal Enfield, and KTM who have increased their presence and production in the budding Western Asia area.
The Piaggio Group is reporting an 11.2% increase in its first quarter 2010 sales across its motorcycle and scooter subsidiaries compared to last year’s numbers. The group netted €2.9 million for Q1, which is noticable increase from its €4.7 million loss in Q1 of 2009. For motorcycle sales alone, the company saw a 12.4% increase unit sales, with the European market leading the charge.
Just when you think Brammo has taken a breather on their marketing and game changing developments in powersports they decide team up with a master of motion picture martial arts. Jackie Chan apparently co-founded JCAM Advanced Mobility Company Ltd., the Hong Kong distributor of Segway for South Korea, China PRC, Hong Kong SAR, Macau SAR, Malaysia, Singapore, Vietnam, Philippines, and Indonesia. Now JCAM are adding Brammo electric motorcycles to their distribution in Hong Kong and Singapore. More after the break…
Zero Motorcycles continues its sales push with an announcement about its entrance into the Asian market by partnering with Singapore-based AMPLE World. AMPLE will distribute Zero’s product line through-out Asia, starting with the Zero X and Zero MX, and later in 2010 taking orders for the Zero S and Zero DS.
Investing in emerging markets, Yamaha Motors is set to invest $150 million in a new motorcycle manufacturing plant located in Pakistan. The plant, which is to be established in the National Industrial Park at Bin Qasim, Karachi, will serve as a central location for Yamaha’s move into Pakistan, India, and other emerging Asian and African markets.