Tyre Store offers Michelin range in Chennai
Chennai based Tyre Store is offering a range of Michelin tyres that can not only be fitted on superbikes, but can also be used by owners of small capacity Indian bikes.
Available in various sizes, the range includes Power One, Pilot Power 2CT, Pilot Road 2 and Power Sporty too. While the former three are for imported superbikes, the last one is available in 100/90 R18 size that fits most 150cc+ Indian bikes.
[Via: BIKE India]
Ducati Opens First Ducati Store In India
Ducati Motor Holding, the world's leading producer of Racing inspired bikes today announced the opening of its first showroom in the Indian market in partnership with Precision Motor India Private Limited. Due to its great potential to provide opportunities for growth and further establish the Ducati Brand, Mumbai has been chosen as the location for Ducati's first flagship showroom.
On this occasion, Mr. Cristiano Silei, V.P. Sales, Ducati India said: "We are very excited about the Mumbai opening. We believe India will play an increasingly relevant role in the motorcycle industry and we are pleased to be among the first to recognize it and be and active part of the development in the market"
Mr. Ashish Chordia, Chairman and CEO of Precision Motor India Private Limited said: "The Ducati brand which symbolizes racing success, innovative technology and the highest quality standards are a perfect fit for Precision Motor India as we are committed towards excellence in all the premium brands we represent. We are passionate about promoting and developing Ducati in the Indian market. We are proud to be a part of this great journey that we have jointly undertaken in India and I am sure that Ducati will have a great presence in this country"
[Via: cartradeindia]
Harley Davidson gets loan extension
The complete repayment date for US-based bike maker's loan of $500 million was set on March 31st '09. Harley Davidson got a breather as the $500 million loan originally set to expire on March 31 and requiring repayment in full was extended to March 17, 2010.The company stock rose as news spread. The US cult bike maker received the loan on Dec. 12 from a group of lenders that included JPMorgan Chase.
Harley Davidson finances motorcycle sales through its finance arm and then sells securities backed by the loans to investors. As no one is buying those securities in times of recession, the news of loan extension came as a real breather for the company.
We are sure that the global melt-down will gradually come to an end, meanwhile motorcycle manufacturers needs spend smart and run lean. All of us bike lovers want the motorcycle industry to be rock steady and any positive news for the industry is good news for us!
[Via: Bike]
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