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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.

Official 2014 MotoGP Entry List Released

The International Motorcycling Federation (FIM) released the official entry list for the 2014 MotoGP Championship including 23 riders representing 13 teams. The final entry list also lists each rider’s status as either a Open or Factory class rider. The eight Factory riders are allowed to use their teams’ own proprietary ECU software but are otherwise limited by a freeze on engine development, a limit of five engines for the whole season and just 5.3 gallons of fuel per race.

Yamaha Reports Q2 2011 Results

A drop in net sales, an appreciating yen and the fallout from the March 11 earthquake and tsunamis in Japan contributed to a 4.6% drop in profit for Yamaha Motor Co. over the second quarter of 2011. Over the quarter ended June 30, 2011, Yamaha saw a 5.9% drop in net sales compared to the same period in 2010.Yamaha reports sales of 344.5 billion yen (US$4.48 billion) over the second quarter, compared to the 366.3 billion yen (US$4.77 billion) reported in the same quarter in 2010.