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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 Q2 2012 Results

Yamaha has lowered its 2012 year-end sales forecast by 14.3% after reporting disappointing first half results. The Japanese manufacturer reported a profit of 14.5 billion yen (US$184.3 million), a 49.8% decrease from a profit of 29 billion yen reported in the first half of 2011. According to the company’s financial report for the quarter ended June 30, 2012, Yamaha‘s net sales totaled 632.2 billion yen (US$8.04 billion), a 4.6% decrease from net sales of 663.1 billion yen reported in the same quarter of 2011.

Casey Stoner to Retire After 2012 MotoGP Season

Two-time MotoGP World Champion Casey Stoner has announced he will retire following the end of the 2012 season. Rumors of Stoner’s impending retirement plans have been floating around for weeks with the 26-year-old Repsol Honda racer saying he will continue racing until he no longer enjoyed it. That seems to be the case now as the 2007 and 2011 MotoGP Champion announced he will retire at a press conference ahead of this weekend’s French Grand Prix at Le Mans.