Category: Motorcycle Business

November 22, 2022 by
The Trefis team

Honda engine stock (NYSE: HMC) has gained 7.5% over the past month, slightly outperforming the broader S&P 500, which is up around 5% over the same period. Honda released a stronger-than-expected second quarter FY23 earnings package earlier this month (fiscal year ends March), as motorcycle deliveries jumped nearly 25% from the previous year. last year, although the automotive sector saw a decline in unit sales due to the impact of the shortage of semiconductors. Overall, Honda’s revenue rose 25% year-on-year to 4,255.7 billion yen (about $30 billion), and net profit was 189, 2 billion yen ($1.33 billion) for the quarter. The company also revised up its forecast for FY23, saying revenue could be around 17.4 trillion yen ($122 billion), up from a previous forecast of 16.75 trillion yen. yen ($118 billion). The operating profit forecast was also raised by almost 5%. The upward revision is due to higher expected motorcycle sales in regions such as India and Vietnam, as well as the impact of the weaker Japanese yen.

However, now that HMC stock has posted a 7.5% gain over the past month, will it continue to rally in the near term, or is a decline imminent? Based on historical performance, there are a roughly equal chance of HMC stock rising or falling over the next month. Out of 281 instances over the past 10 years, HMC stock has seen a 21-day rise of 7.5% or more, 138 of them caused the stock to rise during the next month period (twenty-one trading days). This historical pattern reflects 138 out of 281, or around 49% chance of a rise in HMC stock in the coming month, implying that the stock may not be a particularly attractive short-term buy. See our analysis on Honda climb chance for more details.

Calculation of “probability of event” and “chance of upside” using data from the last ten years

• After moving 0.2% or more over five days, the stock rose over the next five days 47% of the times.
• After moving 1% or more in ten days, the stock rose over the next ten days 44% of the times.
• After moving 7.5% or more over a twenty-one day period, the stock rose over the next twenty-one days 49% of the times.

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Ola Electric, which started operations last year, is currently the country’s largest manufacturer of electric two-wheelers. It offers three models – S1, S1 Air and S1 Pro in India.

Bhavish Aggarwal, co-founder and CEO of Ola, is hosting an online poll on what kind of electric motorcycle his EV maker should build first. (AFP)

In the clearest hint yet, Ola Electric has confirmed that it will be entering the electric motorcycle business in India. Bhavish Aggarwal, co-founder and CEO of the Tamil Nadu-based electric two-wheeler maker, said his company was “building” electric motorbikes and conducting an online survey to find out what potential customers want the character of the EV to be. that is. . He came up with options like a sport bike, cruiser bike, adventure bike, or cafe racer. Ola previously expressed his eagerness to expand his EV business beyond electric scooters.

According to reports, the first of Ola Electric motorcycles could hit the markets as early as next year. Recently, the CEO hinted that Ola is considering e-bikes that cater to segments such as the mass market, mid-segment as well as the premium category. An official announcement on Ola’s next electric motorcycle could take place towards the end of this year.

Ola’s plans to launch an electric motorcycle were first hinted at when the S1 Air electric scooter was launched on Diwali this year, Aggarwal said: “Over the next 12 months, we will be building electric products in all categories of two-wheelers, such as commuter scooters. , motorcycles, sport bikes and more, to ensure that everyone who purchases ICE vehicles has a much better EV product to choose from. »

Ola Electric is currently the leading electric scooter manufacturer in the country. The recently launched S1, S1 Pro and S1 Air comprise Ola’s EV lineup, which debuted in August last year. In October, Ola Electric recorded about 20,000 electric vehicle sales, its highest level in a month. Aggarwal is optimistic that the EV maker will reach production capacity of 10 lakh EVs by the end of next year. Since December last year, Ola has already manufactured a lakh units so far.

Ola Electric also plans to drive its first electric car. The electric vehicle maker recently showed what the next electric car will look like and what it will offer in terms of features and performance. The electric car should not be launched before 2025.

Date of first publication: November 10, 2022, 1:44 PM IST

Dealerships in Shipley, near Bradford, and Rotherham, will become part of the group’s Vertu Motorcycles brand. Allan Jefferies has been a tradesman and family since 1901. Framer Joseph Jefferies founded the business in the old steam tram shed at Shipley, near the Ross Hotel in 1901. It moved to premises on Saltaire Road in 1917, where, named Allan Jefferies after his son, it was to remain so for over 80 years.

The spokesperson said: “The Jefferies family are well known in the motorcycling world with Allan’s son Tony and brother Nick winning the Isle of Man TT three times. Tony’s son David also won this world famous race and was the course record holder.

“Tony ran the business until 2001 when his daughter Louise took over. Allan Jefferies has represented the BMW brand since 1971 and only started representing it in the 1990s.”

Robert Forrester, Managing Director of Vertu Motors plc, said: “Allan Jefferies has always been about family values ​​and personal service; it is a philosophy that will continue under the aegis of our group.

“Louise has overseen a business that is in great shape and will therefore provide a solid foundation for Vertu Motorcycles to grow and grow further.”

Louise Jefferies said: “For over 50 years, Allan Jefferies has been associated with the sale and service of BMW motorcycles. In those days, we have always stood for trustworthy service and a warm welcome.”

Mark Goode Brand Director Vertu Motorcycles with Rotherham Managing Director Andy Forrest

Car dealership group Vertu has agreed a multi-million pound deal to buy motorcycle retailer Allan Jefferies.

The Top 100 car dealerships outfit confirmed the news in a statement to the London Stock Exchange this morning (Tuesday).

It acquired the business and assets of two BMW Motorrad outlets in Saltaire Motor Company Yorkshire.

Both locations currently trade as Allan Jefferies and have been in the same family for four generations since 1901.

The company has represented BMW since 1971 and the latest agreement makes Vertu the largest retailer of BMW Motorrad motorcycles in the UK.

The outlets purchased are located in Shipley, near Bradford and Rotherham and will be rebranded to market under the Vertu brand.

They will then become part of the Vertu Motorcycles division, which will operate six motorcycle outlets representing BMW Motorrad and Honda.

For the financial year ending September 29, 2021, the two concessionaires had sales of £20.5 million and operating profit of £463,000.

Total consideration is estimated at £4.2 million, subject to finalization of completion accounts, including a freehold property value of £1.85 million and a goodwill payment of £500,000.

Due to the seasonality of motorcycle sales, Vertu expects its new acquisitions to post a slight loss by the end of the current fiscal year.

Robert Forrester, CEO of Vertu Motors, said: “Our business is doing well and the addition of two more BMW Motorrad outlets will be both financially and strategically accretive to the group. Vertu becomes largest UK partner for BMW Motorrad.’

Paulo Alves, Head of BMW Motorrad UK and Ireland, added: “We are delighted to support Vertu’s acquisition of the excellent Allan Jefferies business in Yorkshire.

“The Jefferies family has built a fantastic operation and we are confident the business will be in good hands.”

“As a leading brand, our customers come first and we share this philosophy with Vertu. We welcome them as our biggest partner in the UK.

In October, Forrester told Car Dealer he wanted to catapult his group to become one of the UK’s top three with 400 dealerships to its name.

The Vertu boss spoke to Car Dealer Live, which you can watch below, in an extensive interview after the group’s first half results were released.

Virtue posted profit of £28.2m on revenue of nearly £2 billion for the first half of 2022.

‘Bad situation’: Soaring US dollar hurts the world

As the value of the US dollar soars, other currencies around the world plummet in comparison. This contributes to skyrocketing the prices of everyday goods and services and worsening financial distress, especially in poorer countries. It prompted complaints from an auto parts dealer in Nairobi, a baby clothes seller in Istanbul, a wine importer in Manchester, England, and the driver of the colorful Filipino mini-bus known as the jeepney name. The dollar is up 18% this year against a basket of key currencies around the world. Interest rate hikes by the US Federal Reserve drove up rates on US government and corporate bonds, attracting investors and pushing the US currency higher.

Another 11 accidental deaths are linked to automated vehicles

DETROIT – Eleven more people were killed in crashes involving vehicles using automated driving systems during a four-month period earlier this year, according to newly released government data, part of an alarming pattern of technology-related incidents. Ten of the fatalities were in vehicles made by Tesla, although the data is unclear whether the technology itself was to blame or whether driver error could have been responsible. The 11th fatality involved a Ford pickup truck. The deaths included four accidents involving motorcycles that occurred in the spring and summer: two in Florida and one in California and one in Utah.

EU fights to prevent energy prices from sinking the economy

BRUSSELS – European Union leaders are entering a crucial period this week to ensure that runaway energy prices and supply shortages do not further weaken their struggling economies and foment troubles. At the same time, they must keep the 27 members united in their opposition to Russian President Vladimir Putin. The EU’s Executive Commission presents a plan on Tuesday that aims to bridge the gap between those who want to impose a common gas price cap to keep prices low and those who think it will mainly prevent supply and further starve industries. and businesses. Then on Thursday, EU leaders will begin two days of talks in search of a compromise, no matter how difficult.

Stocks climb on Wall Street as investors focus on earnings

NEW YORK — Stocks rose on Wall Street, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. The S&P 500 rose 1.1% on Tuesday. The Dow Jones Industrial Average and the Nasdaq also rose. The gains were tempered by an earlier jump that sent nearly every stock in the S&P 500 up. It was the latest instinctive move in a market that has moved erratically in recent weeks. Many US companies are posting strong earnings for the last quarter. Goldman Sachs led banks higher after reporting better-than-expected results.

Netflix rebounds from recent subscriber losses with Q3 gain

SAN FRANCISCO — Netflix reversed its recent subscriber losses with a summer gain. Management hopes to build on the gains with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time. The Los Gatos, Calif.-based company revealed on Tuesday that it attracted 2.4 million subscribers in the July-September period, a comeback after losing 1.2 million customers in the first half. . The performance beat analysts’ estimates and allowed Netflix to at least temporarily reclaim the role of the world’s largest video streaming service from Walt Disney Co.

United Airlines nets $942m profit after strong summer

CHICAGO — United Airlines reported third-quarter profit of $942 million after a strong summer season. Chicago-based United said Tuesday it expects to beat Wall Street’s fourth-quarter earnings forecast as well. Airline executives say concerns about inflation and the economy don’t seem to be deterring people from travelling. Air travel in the United States has rebounded since the start of the pandemic. On Sunday, nearly 2.5 million travelers passed through US airport checkpoints. This is the highest number since before the pandemic. International travel is still lagging behind, but even there United feels optimistic enough to plan more flights to Europe next summer.

Report: Agricultural loss from Hurricane Ian could reach $1.56 billion

ST. PETERSBURG, Fla. – A new report reveals that preliminary agricultural losses in Florida due to high winds and torrential rains from Hurricane Ian could reach $1.56 billion, citrus, livestock, vegetable and vegetable farms. melons being the hardest hit. The report from the University of Florida’s Institute of Food and Agricultural Sciences said on Tuesday that many impacts could still emerge from flooded areas and depend in part on whether some damaged crops can be replanted to salvage part of the flood season. growth of winter vegetables. Estimated losses this year are for a high scenario of $1.56 billion and a low potential loss of around $787 million.

Amazon workers reject union offer in upstate New York

NEW YORK – Amazon workers in upstate New York overwhelmingly rejected a union offer on Tuesday, handing a second defeat to the labor group that has been trying to drag the company to the bargaining table since its historic victory earlier this year. Warehouse workers near Albany cast 406 votes out of 612 ballots counted — or about 66% — against the Amazon Labor Union, giving the company enough support to fend off the fledgling group of alumni and current Amazon workers. According to the National Labor Relations Board, 206 workers — or 33.6% — voted in favor of the group. The 31 additional ballots contested by Amazon or the union were not enough to influence the result.

Meta agrees to sell Giphy, ending battle with UK regulators

LONDON — Facebook parent Meta has said it will sell Giphy after it ran out of options to thwart a move by UK regulators, who again found the deal to buy the data-sharing platform GIF would limit competition and innovation. Britain’s competition watchdog ordered Meta last year to cancel the deal. The company appealed to a court, which rejected most of its arguments. Meta said he was disappointed but accepted the decision as a final word. Meta said he would wait for more details on the divestiture order and not file another appeal, ending the drawn-out battle over the $400 million acquisition.

The S&P 500 gained 42.03 points, or 1.1%, to 3,719.98. The Dow Jones Industrial Average rose 337.98 points, or 1.1%, to 30,523.80. The Nasdaq advanced 96.60 points, or 0.9%, to 10,772.40. The Russell 2000 Small Business Index added 20.20 points, or 1.2%, to 1,755.96.

EDITORIAL: In Chaarbagh, the tehsil of Swat, unidentified bikers opened fire on a school van. The driver was killed instantly while two children were injured. The Swat District Police Officer (DPO) told the media that an investigation into the incident was ongoing and the culprit(s) would soon be behind bars.

Yet in an obvious attempt to downplay the significance of the attack, he said the intended target was the driver, not the students. The tragic incident recalls the days when militants regularly attacked schools, as well as a similar attack on a school van in which well-known advocate for girls’ right to education, Malala Yousafzai, was seriously injured.

Regardless of the DPD’s version, it was obvious to locals who the perpetrators might be and why. Many residents of Chaarbagh along with students staged a sit-in while the Private Schools Management Association staged a separate protest, vowing not to tolerate any terrorist activity against students or teachers in Swat, also demanding that the state fulfills its responsibility to ensure the security of all citizens.

In addition, the Association announced that schools would remain closed on Tuesday to allow students and teachers to participate in a civil society protest at Nishat Chowk in Mingora against the creeping intrusion of TTP (Tehrik-e- Pakistani Taliban).

It is pertinent to recall here that over the past few months there have been reports of the return of hundreds of these violent extremists to Swat, Dir and some tribal districts of Khyber Pakhtunkhwa (KP). That allowing these indoctrinated violent extremists to come from Afghanistan was a huge mistake is becoming increasingly clear.

Last month, residents of Swat and KP’s Khyber district staged large protests in the presence of militants who they said were involved in targeted killings, kidnappings and extortion. Around the same time, the Ministry of Interior sent a letter to all provincial governments as well as Azad Kashmir and Gilgit-Baltistan advising them to observe “extreme vigilance” and to take the necessary security measures because the peace negotiations with the TTP had “come to an end”. a stop “.

If the hope was that the TTP would voluntarily disarm and integrate into society, events in Swat and other areas have proven that it was a futile expectation. Those familiar with the events also expressed concern that returning militants could regroup at their former base of operations in North Waziristan.

Validating their concern, the letter from the Interior Ministry says known militant commanders based in Waziristan have been in contact with the TTP high command in Afghanistan for instructions on moving to the area to escalate terrorist activity.

It is therefore not surprising that in recent months there has been an upsurge in attacks on security forces. Before the situation escalates, the government and the security establishment must reconsider their policy of talking peace with the TTP terrorists, that is, if the resumption of the “stalled” negotiations n is not already on the table.

Copyright Business Recorder, 2022

Three Colorado Springs startups ignited a spark of innovation as their companies each won $45,000 in Torch grants this week.

Dr. Tom Duening, director of the Center for Entrepreneurship at the University of Colorado at Colorado Springs, founded Torch Grants with the goal of attracting and retaining young businesses in the Pikes Peak area.

“The research clearly indicates that startups are one of the biggest job creators across all economic regions,” Duening said. “If we want to foster continued growth in Colorado Springs, we need a robust startup ecosystem.”

Torch Grant winners Salt Athletic, LeadFoot Racing and Defender Imports competed against other startups for the grants in a pitch-style competition.

Startups present 10-minute pitches to a panel of unaffiliated judges. The top five continue through to the Torch Grants Finals, where companies again give 10-minute pitches to a new panel of judges.

In order to be eligible for the competition, companies had to participate in educational training with the Venture Attractor: Scale to $1M Boot-Up Camp, a 16-week virtual entrepreneurship course coupled with rigorous one-on-one business mentoring. in the sports/outdoor, human performance and healthcare innovation sectors. The Venture Attractor is an academic research program of the El Pomar Institute of Innovation and Commercialization.

Salt Athletic is a sports technology company focused on “integrating material technology-based solutions to develop premium sports bags that meet the highest aesthetic and quality standards”. Salt Athletic’s first product is aērcase, a soccer cleat bag featuring its patent-pending “odor-eliminating” technology.

LeadFoot Racing is a company that aims to help people enter the racing industry safely and affordably with a racing vehicle that combines a handful of common automotive parts with a custom chassis and motorcycle.

Defender Imports is a company that imports and restores classic Land Rover Defenders.

Motorbikes were first inducted into the Delhi government’s bus lane enforcement on Tuesday, with Chief Minister Arvind Kejriwal saying they will be able to pass on narrow roads, something Innova cars could not.

Kejriwal reported 66 police vehicles on Tuesday, including 36 motorcycles and 30 Innova cars. He reported them with 50 CNG low-floor cluster buses.

For the first time, motorcycles are inducted. These vehicles would be used primarily for lane control. In the past, we have observed that it is difficult for an Innova to pass through narrow roads for law enforcement. Motorcycles will solve this problem and ensure that traffic rules are enforced effectively,” he said.

The government started enforcement of the lanes in April and received positive results from the decision, the CM said.

“People have now become accustomed to driving in their lanes and they are following the rule by themselves. We are not far off when Delhi’s transport system would be better than any city in a country. developed,” he added.

Fitted with a siren/public address system, these enforcement vehicles will be stationed throughout the day on major sections like Ring Road and a few other sections are part of Phase 1, to raise awareness not to disrupt bus movement .

With this addition, the total number of control vehicles will be 120, including 84 four-wheelers and 36 two-wheelers.

Additionally, they will also remove and issue challans for encroachments and vehicles parked in bus lanes.

The two-wheelers will be deployed in 11 shifts/shifts for bus lane control on the inner and outer ring roads, while the remaining bikes will be deployed on six critical stretches in seven shifts and two shifts.

One Innova car will be deployed in each team with 84 teams using 84 four-wheeled vehicles. The new arrivals will be deployed on 15 critical sections identified by the department.

Transport Minister Kailash Gahlot said the control vehicles will help keep bus lanes free of encroachment and parked vehicles.

“The 66 enforcement vehicles reported today will help keep the bus lane free of encroachments and parked vehicles throughout the city. This will help buses move faster, leading to better adherence to timetables and therefore to increased reliability to get to his home and office,” he said.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Motorbike rental app Move is calling on the government to open up the motorbike taxi (MC) sector to free and open competition so commuters can select the best services and rates.

“Limiting MC taxi activity to three benefits only benefits us – Angkas, Joyride and Move It – and not the public. What if the current efforts of an invisible hand to keep Move It as (last) kulelat player, then basically you only have two dominant companies,” Francis Juan, president of Move It, said in a statement.

Juan argued that competition is constitutionally guaranteed. “And there’s a strong reason for that: it protects consumers from monopolies and duopolies, and cartels that can abuse the public with poor service and high prices knowing that the public has no other choice” , did he declare.

He also cited the telecommunications industry and the commercial air transport sector. With competition, services have improved and prices have come down.

“It will be the same in all businesses, including the MC Taxi business. Competition makes businesses stronger and better. Let the strong survive, but only through honest competition, not using underhanded tactics “, said Juan.

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Juan said Move It currently has around 1,000 drivers, compared to around 30,000 according to the industry leader.

Although the smallest, Move It charges its drivers the lowest commission to allow them to earn more and offers the best rates to commuters.

Juan said he would continue this practice and fight current efforts to prevent Move It from getting help from investors.

“The market leader has its own foreign investor with a seat on the board and yet the so-called civic groups that are trying to stop us from getting financial aid and getting bigger and better are silent about it. They only focus on us and impose a lie that our investor will become a fourth player,” he said.

This debut, Juan said other MC taxi operators’ fares had come down to compete with Move It after securing the investment from Grab.