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India Raises Import Duty on Motorcycles to 75%

The government of India has laid out its budget for 2013-2014, increasing the import duty for large motorcycles. The news will impact several major manufacturers hoping to gain a stake in the world’s second largest motorcycle market. India has become the hotspot for manufacturers but one of the biggest obstacles they face is the duty India levies on luxury goods.

Nitron Introduces Adventure Series Shocks

The latest suspension manufacturer to hit the block, Nitron is hitting the ground running. Its latest offering, the Adventure series of shocks, leaves no question as to its intended pursuit. Crafted from aluminum alloy with stainless steel fittings, Nitron Adventure Series of shocks are lighter weight than standard ones, and are built to withstand the harsh environments adventure riders are known to travel.

Yamaha to Cut Motorcycle Production in 2009

With mounting inventories coupled with a drop in demand, Yamaha will be cutting its motorcycle production in Japan by 24 percent this year or to about 260,000 total units; one newspaper reported this would be a 40-year low for the manufacture. Yamaha plans to cut production for motorcycles and other products by 30 percent in the Americas, 20 percent in Europe but will maintain production levels in Asia where demand has not dropped off. The company is forecasting its group sales to fall 22 percent with an operating loss of about $300 million.