27
Saturday
May 2017
3:28 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
India's Royal Enfield May Be Looking To Buy Iconic Italian Superbike Maker Ducati!
 
(Mumbai, May 08 2017):It's arguably the most iconic brand among highperformance motorcycles. And it could soon be owned by an Indian company. Royal Enfield is understood to have been approached to acquire Italian superbike maker Ducati, owned by Germany's embattled Volkswagen group.

According to reports, VW, reeling under a crippling diesel emissions scandal, has tasked investment banking boutique Evercore to evaluate possible options for a sale of Ducati. The Italian company could fetch a valuation of about $1.5 billion euros (approximately Rs 10,500 crore), according to estimates.

Royal Enfield, a part of Eicher Motors, has been witnessing healthy growth in India even as it expands aggressively in overseas markets across Europe, North America, and Asia. Sources said that Eicher Motors which is looking to attain global leadership for Royal Enfield in the middleengine category is examining the terms related to the acquisition, possible asking price, and how Ducati could fit within its own fastgrowing operations.

Eicher declined to comment. "We can't talk to you on such things," Siddhartha Lal, MD & CEO of Eicher Motors, told TOI when asked about possible acquisition plans for Ducati.

Pressed further, Lal said, "I have a general view on such things. We are always open to thoughts and ideas. But as you know, we are the most focused and selective company... So basically, without saying absolutely no to anything because we never say never we are so zeroed in on our own opportunity that we do not want anything to distract us."

However, sources said the Indian twowheeler major which has a tieup with Sweden's Volvo for heavy commercial vehicles and American manufacturer Polaris for personal utility vehicles is "keen to explore" any possible acquisition effort for Ducati, "if it comes at the right value and provides the best fit" within its own branding.

Ducati is owned by Volkswagen's premium car division, Audi, and was acquired by the German auto major in 2012 for 860 million Euros (about Rs 6,000 crore). Its current portfolio is dominated mainly by motorcycles powered by engines between 800cc and 1,200cc, a segment which is completely missing in Royal Enfield's portfolio.

Ducati had sales of 593 million Euros in 2016 (Rs 4,196 crore). Other suitors may include global companies such as Suzuki, Honda, Polaris and Harley Davidson, as per reports.


Trade & investment: Sushma holds talks with Mauritian PM
India, Germany to work together on alternative medicine
Rupee on way to recovery, gains 25 paise
Sensex recovers 123 pts on global cues, F&O expiry
Took 700 steps to improve ease of doing business: Nirmala Sitharaman
Food items to be cheaper under GST: Union Minister
Apple selling 'Made in India' iPhones on trial basis
Get LED bulbs, tubelights, ceiling fans at lower rates in petrol pumps !
Xiaomi Redmi Note 4 to Go on Sale Today in India
Artificial intelligence the next big thing, says Microsoft official
Singapore Airlines invests over SGD 100 mn in Indian carrier Vistara
India & UK agree on MoU in urban transport sector
SBI to allow ATM withdrawals via e-wallet
'Adani to decide on investment in Australia coal mine soon'
Dhoni receives Elan Group's luxury apartment
Bad debt situation not that grim, recovery hopes intact: SBI
SBI cuts loan rates on affordable housing
RBI advises PSBs to have fair system for branch auditor appts
Lanka only leasing out oil tanks to India: Wickremesinghe
KERALA NEWS
'Best Destination for Romance' award goes to Munnar
 (Thiruvananthapuram, May 26, 2017, PTI): Munnar, Kerala's popular hill station with sprawling  
Assembly passes Finance Bill for 2017-18
LDF govt's achievements make UDF & BJP nervous: Pinarayi
'Aksharasagaram' project to give light of letters to elderly women
INTERNATIONAL NEWS
Manchester blast: British police arrest 2 more
 (May 27, 2017, AFP): British police said they arrested two more people during raids Saturday
Masked gunmen kill 28 in attack on Christians in Egypt
91 killed in Sri Lanka floods, India sends relief materials
Donald Trump's son-in-law Kushner under FBI scrutiny in Russia probe: Media reports
NATIONAL NEWS
Blackmoney hoarders fear NDA govt: Amit Shah
 (New Delhi, May 27, 2017, PTI): BJP president Amit Shah today said people with black money "f
Amit Shah opens up about Rajini's BJP entry
Infiltration bid foiled, four militants killed
Modi pays tributes to Nehru on his death anniversary
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.