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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.

Music and Motorcycles Exhibit

The four-day “Music and Motorcycles” exhibit, presented by the Long Island Music Hall of Fame (LIMHOF), will be on public display at the Lighthouse Harley-Davidson dealership in Huntington Station, NY. The exhibit will feature memorabilia and motorcycles from many inductees from the LIMHOF including, Joan Jett, Billy Joel, Dee Snider, The Ramones, Darryl McDaniel of Run DMC and more. Billy Joel will be supplying several custom bikes, Twisted Sister have agreed to loan one of their motorcycles and a gas tank signed by Jett, Snider, Peter Tork of The Monkees, Gary U.S.

Harley-Davidson Reports Q1 2013 Results

Harley-Davidson reported 15.9%  increase in motorcycle revenue despite selling 9.1% fewer motorcycles over the first quarter of 2013. According to the company’s first quarter 2013 report, Harley-Davidson recorded revenues of $1.15 billion from motorcycle sales, compared to $995.9 million in the same quarter of 2012. At the same time, Harley-Davidson sold 54,254 motorcycles worldwide over the first quarter, down from 59,677 motorcycles in the same period last year.