Bajaj Auto's eight-year old alliance with Kawasaki comes to an end
.jpg)
On 1 April, 2017 the eight-year long alliance between Bajaj auto and Kawasaki will come to an end.
"Kawasaki and Bajaj have mutually arrived at an amicable decision to end their alliance in India from April 1, 2017," the automaker said in a statement.
Bajaj Auto has had an alliance with Kawasaki for the sale and after sales service of Kawasaki motorcycles through its Probiking network since 2009.
With effect from 1 April, 2017 the sales and after-sales service of Kawasaki motorcycles - including existing customers - will be provided by “India Kawasaki Motors”, which is a 100% subsidiary of Kawasaki Heavy Industries Japan established in India in July 2010.
In a statement, Bajaj said that their alliance is only coming to an end for the Indian market. The two companies "will continue to maintain their co-operative relationship across the rest of the world for current and future businesses."
Bajaj Auto has converted its Probiking network into KTM dealerships.
The Bajaj - KTM partnership, launched its first co-developed product, the 200 Duke in 2012.
Over the last 5 years, KTM achieved a CAGR of 48 per cent and sales volume in FY17 is estimated at 37000 units.
Now the Duke & RC models, available in 5 SKUs, are offered through the 300+ KTM dealerships in India.
Going forward, Bajaj intends to focus on the KTM brand.
Other Latest News
.webp)
Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday.
TotalEnergies, which owns 5.54 per cent of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate statements.
.webp)
The Supreme Court on Monday issued notice on the plea filed by the mother of the slain television journalist Soumya Vishwanathan against the Delhi High Court order granting bail to four convicts serving life imprisonment in the 2008 murder case.
A bench of Justices Bela M Trivedi and Pankaj Mithal asked the Delhi government and four convicts to file responses on the plea in four weeks.
.webp)
Hong Kong prohibited the sale of Indian spice brands, MDH Pvt and Everest Food Products Pvt, following the detection of carcinogenic pesticide ethylene oxide in multiple spice blends, according to a report in the Hindustan Times (HT).
The Centre for Food Safety (CFS) of the Government of the Hong Kong Special Administrative Region said that there was presence of ethylene oxide in MDH Group's madras curry powder, sambhar masala powder, and curry powder, the HT report said.
.webp)
The Delhi High Court on Monday dismissed a plea requesting the release of Delhi Chief Minister Arvind Kejriwal on “extraordinary interim bail” for all criminal cases registered by the Enforcement Directorate (ED) and the state until the completion of his tenure.
The court emphasised that nobody is above the law or the Constitution of India, affirming that Kejriwal is in custody as per court orders.
.webp)
Shares of Vodafone Idea were down 6.1 per cent at Rs 12.13 on the BSE in Monday’s intraday trade amid heavy volumes. The drop in the stock prices came amidst the last day of subscription for its follow on public offering (FPO).
Vodafone Idea's Rs 18,000-crore follow-on public offer (FPO) opened for subscription on Thursday, April 18. The three-day FPO will close today. The FPO price band was set at Rs 10 to Rs 11 per share with the minimum lot size for an application being 1,298 shares.
.webp)
.webp)
.webp)
.webp)
.webp)
