Harley-Davidson invests in EV startup Alta Motors

Collaboration Will Advance Application of EV Motorcycle Technology and Expand Electric Motorcycle Marketplace Combining Instant Torque and Quick Acceleration with Intuitive and Dynamic Motorcycle Design

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MILWAUKEEMarch 1, 2018 /PRNewswire/ — Harley-Davidson, Inc. (NYSE: HOG) announced today that it has made an equity investment in Alta Motors, a leader and innovator in lightweight electric vehicles, and that the two companies will collaborate on electric motorcycle technology and new product development.

“Earlier this year, as part of our 10-year strategy, we reiterated our commitment to build the next generation of Harley-Davidson riders, in part, by aggressively investing in electric vehicle (EV) technology,” said Harley-Davidson President and CEO Matt Levatich. “Alta has demonstrated innovation and expertise in EV and their objectives align closely with ours. We each have strengths and capabilities that will be mutually beneficial as we work together to develop cutting-edge electric motorcycles.”

Harley-Davidson has already announced the planned launch of its first electric motorcycle, informed by Project LiveWire. That motorcycle is on track for release in 2019.

Since its inception, Alta Motors has designed and commercialized the world’s most advanced electric motorcycles, enabling everyone from pro riders to new riders to experience “the future of fast.”

“Riders are just beginning to understand the combined benefits of EV today, and our technology continues to progress,” said Alta Motors Chief Product Officer and Co-Founder, Marc Fenigstein. “We believe electric motorcycles are the future, and that American companies have an opportunity to lead that future. It’s incredibly exciting that Harley-Davidson, synonymous with motorcycle leadership, shares that vision and we’re thrilled to collaborate with them.”

As electric-drive innovation brings new levels of ease, accessibility and control, Harley-Davidson and Alta Motors aim to attract new audiences who are inspired by motorcycles and drawn to the “twist-and-go” ease and exhilaration of an electric motorcycle with no gears or clutch.

“We believe that EV is where global mobility is headed and holds great appeal for existing riders as well as opportunity to bring new riders into the sport,” said Levatich. “We intend to be the world leader in the electrification of motorcycles and, at the same time, remain true to our gas and oil roots by continuing to produce a broad portfolio of motorcycles that appeal to all types of riders around the world.”

About Harley-Davidson Motor Company

Since 1903, Harley-Davidson Motor Company has fulfilled dreams of personal freedom with cruiser, touring and custom motorcycles, riding experiences and events, and a complete line of Harley-Davidson motorcycle parts, accessories, general merchandise, riding gear and apparel. For more information, visit www.h-d.com.

About Alta Motors

Alta Motors is a global leader in electric motorcycles and lightweight EV drivetrains with a proprietary technology platform that offers new levels of energy density and performance. It leads the industry with a complete portfolio of battery and drivetrain components, a fleet of motorcycles manufactured at its world-class Brisbane, CA facility and a trophy-case of podium finishes. Alta’s award-winning Redshift platform is now available to riders at 44 U.S. dealerships across 19 states. Please visit us at: https://www.altamotors.co/.

Via: PRNewswire

Bharat Forge invests in Tork Motorcycles


Bharat Forge Ltd., India’s largest exporter of auto components announces strategic investment of upto Rs 30 Crores for eventual stake of 45% in an EV startup, Tork Motorcycles.

Bharat Forge is making a strategic investment in Tork Motorcycles as a part of its overall EMobility powertrain development. Tork’s strength lies in its in-house team that has designed, developed and built the complete electric motorcycle. Their knowledge in the overall EV powertrain development will help Bharat Forge gain access to technologies in personal E-mobility space.

Commenting on the investment, Amit Kalyani, Executive Director, Bharat Forge said “Together with the recent investment in the R & D setup at Mira, UK, Bharat Forge is strategically aligning to develop solutions across the entire spectrum from low voltage powertrains in personal mobility to high voltage applications for commercial vehicles”.

“BFL is well prepared for the increased penetration of Electric vehicles globally through offering solutions on Light Weighting, components for drivetrain and creating supply chain capabilities for electric powertrain”.

“This strategic investment will enable BFL to develop components/ sub systems to address the huge potential in the Indian personal mobility space driven by regulatory push through various initiatives and the increasing economic viability of Electric Vehicles.”

About Bharat Forge

Bharat Forge Limited (BFL) is the flagship company of the USD 2.5 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Railways, Power, Defence, Construction & Mining, Aerospace, Marine and Oil & Gas. BFL today has largest repository of metallurgical knowledge in the region and offers full service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation.

About Tork Motorcycles

Tork motorcycles (www.torkmotorcycles.com) is India’s first, premium electric motorcycle company. Founded by Kapil Shelke, Tork’s early prototypes were developed between 2009 to 2012 and participated in several international races including the prestigious Isle of Man TT with podium finishes. This demonstrated the capability of team to develop a high performance product with world class technology.

Tork team has been working on developing production version “T6X” since 2015. T6X is powered by lithium ion batteries, engineered to travel at a top speed of 100 kmph with superior acceleration. T6X travels 100 km on a single charge in all-weather condition. With its quick charge feature, the battery can be charged up-to 80% in an hour. T6X will have on board navigation, storage, cloud Connectivity and TFT dash board. Presently, T6X is being thoroughly tested on all parameters before it hits the market.

Source

Hero MotoCorp to introduce an all new 300cc performance oriented motorcycle, might go into production soon

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According to Autocar India, Hero MotoCorp is readying a 300cc motorcycle to go against the likes of KTM Duke390, KTM Duke250, and the bikes from TVS-BMW partnership like BMW G310 R , G310 GS and TVS Apache RR 310. The bike will be based on XFR3 concept showcased at Auto Expo 2016.

According to Autocar Professional’s(Autocar India sister magazine) sources privy to the project, the new motorcycle is in the final stages of validation. The new 300cc model, along with the incoming 200cc Xtreme and the XPulse adventure motorcycle (revealed at EICMA 2017), will sit atop all other products in Hero’s portfolio and will mark Hero’s foray into the growing mid-size motorcycle segment.

The new 300cc motorcycle will be positioned as the natural upgrade option for many of its existing customers who have been riding executive commuter motorcycles. Replying to Autocar India / Autocar Professional’s query on the sidelines of the EICMA Show in Milan in November 2017 on Hero MotoCorp’s plan of retaining its large customer base with new premium and aspirational products, Pawan Munjal, CMD, Hero MotoCorp, had said, “I am sure when you will see me after the Auto Expo, having seen this (the XPulse) and some of the products at the Auto Expo and the directional posture that Hero MotoCorp has taken, you will change your view. We are putting a lot of focus on some of the areas such as the high growth segments.”

Source: Autocar India

TVS Motor Company launches Apache RR 310

Indian two wheeler giant TVS Motor Comapny known for its racing pedigree launched its premium motorcycle offering Apache RR 310 today in India at INR 2.05 lakh. 

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Indian two wheeler giant TVS Motor Company known for its racing pedigree launched its premium motorcycle offering Apache RR 310 today in India at INR 2.05 lakh. The motorcycle marks TVS Motor Company’s entry into the super-premium segment, both in domestic and international markets.

TVS Apache RR 310 is the latest offering from the TVS Apache stable – a super-premium motorcycle brand from TVS Motor Company. TVS Apache RR 310 boasts of superior performance and riding dynamics, combined with a powerful, expressive design.

Unveiling the new TVS Apache RR 310 at the launch, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company said, “The launch of TVS Apache RR 310 marks a major milestone, as it ushers in a new era at TVS Motor Company. Our endeavour is to fulfill the aspirations of discerning customers by offering high-quality, technologically-innovative products. The TVS Apache RR 310 is the most advanced and exclusive offering in our product portfolio, as it is a manifestation of 35 years of learnings from the race track, coupled with cutting-edge technology. We are confident that customers will find it to be a perfect combination of racecraft technology and riding dynamics.”

Speaking at the launch, Mr. KN Radhakrishnan, President & Chief Executive Officer, TVS Motor Company, said, “Today is a proud moment for us at TVS Motor Company. Driven by our promise of delivering more to customers than their expectations, TVS Apache RR 310 is the beginning of our breakthrough into the super-premium category. We started building our premium brand – Apache RTR with 150cc and succeeded in raising the customer aspirations with 180cc and 200cc bikes. TVS Apache RR 310 is another step in our effort to deliver beyond customers’ expectations and offering them a chance to upgrade from premium to super-premium category. TVS Apache RR 310 is a testimony to our Racing DNA and R&D capabilities, positioned to fulfill the ever-growing aspirations of the new age customers globally.”

The TVS Apache RR 310 gets a 312cc, single-cylinder, 4-stroke, 4-valve, liquid-cooled engine that churns out 34 PS@9700 rpm and 27.3 NM@7700 rpm. The engine is mated to a 6-speed super-slick gear box that offers a precise and sharp race-shift experience. The motorcycle boasts of a top speed of 160 kmph, and acceleration from 0-to-60 kmph in just 2.9 seconds, thanks to an advanced aerodynamics package that promises the lowest coefficient of drag in this segment.

Staying true to 35 years of TVS Racing pedigree, TVS Apache RR 310 comes with an all-new, race origin, light-weight trellis-frame chassisfor enhanced stiffness in straights, and flex for dynamic cornering capability, that result in best-in-class riding dynamics. The motorcycle uses a unique reverse inclined DOHC (double overhead cam) engine with LCOC (liquid-cooled oil coolant) technology. This facilitates a compact layout for an ideal power-to-weight ratio and better mass centralization.

The TVS Apache RR 310 is equipped with a race-inspired vertical speedo-cum-tachometer with 18 racing tell-tale diagnostics, and a comprehensive post-ride analysis. The motorcycle is fitted with first-in-class bi-LED twin projector head lamps for maximum reach and visibility. It is also outfitted with Michelin Street Sport tyres, and is the first sub-500cc motorcycle to use these.

TVS Apache RR 310 sports a fully-faired, sporty design with superior ergonomics to ensure maximum ride comfort. The Thermal Management System on the motorcycle is fitted with a special gill profile to shield the rider’s leg from engine heat, and aids better heat dissipation. To accentuate the handling and ride experience, the TVS Apache RR 310 gets the Race Spec KYB Suspension that is tested and tuned by MotoGP experts. Both, Anti-Lock Braking System (ABS) and Electronic Fuel Injection (EFI) system, will be available as standard on the TVS Apache RR 310. The motorcycle comes in 2 impressive colours – Racing Red and Sinister Black.

Specifications:

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About TVS Motor Company

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavor to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past three years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive two years. For more information, please visit www.tvsmotor.com.

Siam files review petition with SC on BS-III sales ban

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The Society of Indian Automobile Manufacturers (SIAM) on Thursday said that it has approached the Supreme Court to plead for a review of its judgement issued over the BS III vehicles.

In a statement, SIAM said that it has filed a review petition with the apex court to point out “certain facts” that were not covered in the judgment.

The move comes after the apex court banned the sale and registration of non-BS IV compliant vehicles from April 1, 2017.

According to the industry association, the Supreme Court has “erroneously construed” an office memorandum from the Ministry of Road Transport and Highways (dated March 3, 2017) to be an office memorandum dated March 3, 2015.

This “erroneously construed” office memorandum led to the misunderstanding that the government had “sent a clear message” to the manufacturers to stop production of BS III vehicles before April 1, 2017, the industry association said.

“Whereas this was a government assurance given three weeks before the judgement, that unsold stocks of BS III vehicles which were in the pipeline, would be permitted to be sold and registered even after 1st April 2017 as has been done even when BS II and BS III were implemented,” the statement said.

“Acting on the representations made on such clarification issued by the government of India as late as in March 2017, as well as the plain reading of the rules, the manufacturers had a reasonable and legitimate expectation that unsold inventories of BS III stocks could be sold even after 1st April, 2017, and until such stocks were exhausted.”

SIAM highlighted in the review petition that the staggered phase-in of BS IV emission norms for vehicles was not done to help the auto industry as mentioned in the judgment.

“This staggering was done to ensure that adequate capacities for the BS IV fuel supply get established to expand the coverage of fuel availability to other parts of the country as per the roadmap agreed with the oil industry,” the statement said.

SIAM elaborated that the Supreme Court has further based its judgment on an assumption that there will be 80 per cent reduction in emissions of PM (particulate matter) between BS III and BS IV standards.

“Though it may be true for only heavy vehicles, but such reduction is much less in other categories of vehicles,” the statement said.

In the petition, SIAM stated that the auto industry has invested Rs 25,000 crore to upgrade vehicle technologies to BS IV level and was therefore an equal contributor in ensuring the improvement in the environment.

Via SME TIMES

Yamaha Motor and YAMABIKO to Develop and Sell Agricultural Drones by 2018

 

Yamaha Motor Co., Ltd. (hereinafter, Yamaha Motor) and YAMABIKO CORPORATION (hereinafter, YAMABIKO) have agreed to form an alliance regarding the joint development and commercialization for agricultural chemical spraying systems using multi-rotor drones.

Yamaha Motor, which manufactures and sells unmanned helicopters for spraying agricultural chemicals, and YAMABIKO, which manufactures a comprehensive range of compact agricultural machinery, will work together to leverage each other’s know-how in the joint development of agricultural chemical spraying systems using multi-rotor drones. These new drones will be compatible with a wide variety of chemical delivery formats, including liquids and granules, and product launches are scheduled from 2018.

By bringing together Yamaha Motor’s product development and quality assurance strengths as well as its sales and service network together with YAMABIKO’s pest control technology and Japan-wide agricultural machinery sales network, the two companies aim to expand sales in the industrial drone market, in which demand has been growing in recent years.

Yamaha Motor released an unmanned helicopter for spraying agricultural chemicals in 1989, and its Japan domestic market share of pest control spraying areas is currently 42.5% of staple food rice paddy rice fields (2016 results, Yamaha Motor data). The Company is actively expanding use in agricultural applications globally, including Korea, the United States, Australia, New Zealand, and Thailand. Outside of agricultural applications, there are also industrial unmanned helicopters for multi-solutions capable of long-range automatic navigation providing advanced services to government agencies and general enterprises, etc. in a wide range of industrial fields such as vegetation surveillance and measurement work, disaster prevention, and disaster support.

Since YAMABIKO’s predecessor company Kyoritsu Noki launched a rice paddy pest control agricultural chemical sprayer in 1948, YAMABIKO has accumulated pest control technology over many years which delivers efficient spraying of agricultural chemicals. Based on its founding principle of “contributing to society through increasing food production,” YAMABIKO has developed agricultural pest control machinery which has played a major role in a wide range of agricultural regions, including rice paddies, farmland and orchards. From compact pest control machinery to large ride-on pest control machinery, YAMABIKO supplies products and services essential to continued stable food supply.

Press Release

TVS Motor Company’s revenue grows by 9.6% and Profit After Tax (PAT) by 14.1% in FY 2016-17

 

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TVS Motor Company, today reported its financial results for the year 2016-17. With total sales of 29.27 Lakh units for the period, the Company’s total revenue grew by 9.6% to Rs.13363.43 crores. During the year, the Company strengthened its presence in the motorcycle and scooter segments with new launches and refreshed product portfolio.

Q4 PERFORMANCE (Jan’17 – Mar’17):

Motorcycles sales during fourth quarter of 2016-17 is 2.15 lakh units as against 2.47 lakh units registered in fourth quarter of 2015-16. Scooter sales increased from 1.98 lakh units in the fourth quarter of 2015-16 to 2.23 lakh units registered in the fourth quarter of 2016-17. The Company exported 0.98 lakh units of two-wheelers in the quarter under review as against 0.83 lakh units in the fourth quarter of 2015-16. Three wheelers registered sales of 0.15 lakh units in the quarter under review as against 0.21 lakh units in the fourth quarter of 2015-16.

TVS Motor Company reported a marginal growth with total revenue going up from Rs.3090.77 crores in the fourth quarter of the financial year ended March 2016 to Rs.3139.22 crores in the fourth quarter of the year ended March 2017.

The Company commenced manufacture of BS IV emission compliant products from January 2017. However, the Company based on the order of Honorable Supreme Court that only BS IV compliant product can be sold and registered from 1st April 2017, extended suitable support to the dealers to sell BS III compliant products. The profit for the quarter is net of one time provision of Rs.57 crores of discounts towards such BS III products sold by the dealers in March 2017.

The Company’s Profit Before Tax (PBT) for the quarter under review is Rs.134.02 crores against Rs.156.99 crores for the corresponding quarter in 2015-16. Profit After Tax (PAT) reported for the quarter ended March 2017 is Rs.126.77 crores against Rs.136.03 for the fourth quarter of previous financial year.

FULL YEAR PERFORMANCE (April 2016 to March 2017):

FINANCIAL PERFORMANCE:

Total revenue for the year recorded a growth of 9.6% increased from Rs.12194.77 crores in the year ended March 2016 to Rs.13363.43 crores for the year ended March 2017. Profit Before Tax (PBT) grew by 11.1%, increased from Rs.628.94 crores in the year ended March 2016 to Rs.698.68 crores in the year ended March 2017. Profit After Tax grew by 14.1% increasing from Rs.489.28 crores in the year ended March 2016 to Rs.558.08 crores in the year ended March 2017.

SALES:

During the year ended March 2017, the overall two-wheeler sales of TVS Motor Company, including exports grew by 11.3% increasing from 25.68 lakh units registered in the year 2015-16 to 28.58 lakh units in the year 2016-17. Motorcycle sales during the fiscal year increased from 10.17 lakh units in the year ended March 2016 to 10.77 lakh units in the year ended March 2017. Scooter sales during the period under review increased from 8.13 lakh units in the year ended March 2016 to 8.70 lakh units in the year ended March 2017. Three wheelers registered sales of 0.69 lakh units in the year ended March 2017 as against 1.11 lakh units in the year ended March 16. The total export of the Company recorded during the year under review is 4.25 lakh units as against 4.54 lakh units recorded in March 2016. Exports of the two-wheelers and three-wheelers continue to be impacted by restricted availability of foreign exchange in the key African markets.

INTERIM DIVIDENDS:

The board of directors of the Company has declared two interim dividends of Rs. 1.25 (per share) each at their meeting held on 27th October 2016 and on 6th March 2017 respectively, for the year 2016-17. The total dividend paid for the year ended 31st March 2017 aggregated to Rs. 2.50 per share (250%) on 47,50,87,114 equity shares of Re.1/- each. The board does not recommend any further dividend for the year under consideration.

AWARDS

In recognition of TVS Motor Company’s unwavering commitment to quality, J.D. Power 2017 India Two-Wheeler Initial Quality (2WIQS) Study and Automotive Product Execution and Layout (2WAPEAL) study conferred top honours to TVS Star City Plus and TVS Apache RTR 160 as the best quality product in their respective segments. J.D. Power 2017 study also ranked TVS Sport as the No 1 in Automotive Product Execution and Layout (APEAL) study, in the entry segment.

During the year, TVS Apache RTR 200 4V, won the prestigious Indian Motorcycle of the Year 2017 (IMOTY) award along with 14 other awards including 8 Motorcycle of the Year Awards from leading publication houses.

OUTLOOK – FUTURE PLANS AND PRODUCT LAUNCHES

In FY 2017-18 the Company will introduce a new motorcycle and a new scooter. In addition to these new launches, the Company has also planned upgrades across segments to strengthen its product portfolio. With the widest range of product across segments, TVS Motor Company expects to better its performance in the ongoing fiscal year and grow ahead of the industry.

About TVS Motor Company

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past three years. We have recently been ranked No.1 Company in the JD Power Customer Service Satisfaction Survey. For more information, please visit http://www.tvsmotor.com.

Press Release