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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.

Yamaha Reports 2011 Results

Yamaha Motor Corp/ reported a net profit of 27 billion yen (US$345 million) in 2011, compared to a profit of 18.3 billion yen (US$243 million) year before. Overall net sales were down 1.4% to 1.28 billion yen (US$16.3 billion), but operating income rose 4.1% to 53.4 billion yen (US$682 million). The increase in operating income came despite the negative impact of last March’s earthquake in Japan and flooding in Thailand.

Isle of Man TT 2013: SES TT Zero Results

Motoczysz captured its fourth consecutive TT Zero at the 2013 Isle of Man TT, setting a new official record for electric motorcycles by averaging 109.675 mph on the Mountain Course. Michael Rutter piloted the Motoczysz E1PC to a lap time of 20:38.461 for his third straight TT Zero win. Finishing second as he did last year was John McGuinness on the Mugen Shinden Ni, with a time just 1.6 seconds slower than Rutter, with an average speed of 109.527 mph.