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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.

Hayes Wins 2012 AMA Superbike Championship with Record 14th Win

Monster Energy Graves Yamaha‘s Josh Hayes has clinched his third consecutive AMA Superbike title with his record 14th win of the season at Homestead-Miami Speedway. The win in the second race of the Miami round was the 31st of Hayes’ career. It followed a rare misstep in Race One which saw Hayes crashing after clipping a curb on the third lap.

45,367 Motorcycle Thefts Reported in US in 2013

Americans reported 45,367 stolen motorcycles in 2013, down 1.5% from 2012, reports the National Insurance Crime Bureau‘s latest Motorcycle Theft and Recovery Report. According to the NICB motorcycle thefts have been on the decline every year since 2007 when 65,678 motorcycles were reported stolen, though the overall trend appears to be leveling off. Japanese motorcycles continue to be the most popular target for thieves.