Ducati is preparing to unveil a new motorcycle, with a sneak peek it can be said that the company is implying that the forthcoming model will be from the Scrambler line-up. The reports suggests that the bike will be unveiled worldwide on March 10th, 2021.
The reports also suggested that the majority of the specifics about the upcoming bike have been kept under wraps, but it is expected to be the Scrambler Desert Sled 800 bike, which was first announced in 2021. There is a chance that Ducati will release a larger 1100 Desert Sled motorcycle to compete with the Triumph Scrambler 1200 and the BMW R nineT Scrambler bikes.
According to some sources, the upcoming new bike may be a production-spec version of the Ducati Desert X model, which was first unveiled as a prototype at the EICMA 2019 show. It will compete directly with the Yamaha Tenere 700 and the KTM 890 Adventure R.
It could be powered by the Scrambler 1100’s existing 1079cc engine. This is a 1,079cc air-cooled L-twin engine that produces 84.4 bhp at 7,500 rpm and 88 Nm of peak torque at 4,750 rpm. It’s possible that the upcoming motorcycle would have a similar performance. Perhaps, Ducati may release a larger 1100 version of the Desert Sled motorcycle that will compete with the Triumph Scrambler 1200 and BMW R nineT Scrambler motorcycles.
According to various sources, the new upcoming bike may be a production model of the Ducati Desert X design that was first unveiled as a prototype at the EICMA 2019 show. It will compete directly with the Yamaha Tenere 700 and the KTM 890 Adventure R. Moreover, it is been also said that it could be powered by the Scrambler 1100’s existing 1079cc engine. This is a 1,079cc air-cooled L-twin engine that produces 84.4 bhp at 7,500 rpm and 88 Nm of peak torque at 4,750 rpm. It’s possible that the upcoming motorcycle would have a similar performance.
The Ducati has kept several details of the new bike undercover, making it more appealing for the audience as its driving their curiosity and excitement. To conclude, we can say that the upcoming bike of Ducati could be a production specific version of the Ducati Desert X design. There is a hope in the market that this new version will be more off-road focused with long travel suspensions, dual-purpose tyres, wired spoke rims and other.
As per various report, the U.S. government is closely tracking on an emergency patch released by Microsoft Corporation, post an alleged hacking group breached in company’s mail server software, which created a tension in the biggest software making industry
“We are closely tracking Microsoft’s emergency patch for previously unknown vulnerabilities in Exchange Server software and reports of potential compromises of U.S. think tanks and defense industrial base entities,” National security adviser, Jake Sullivan tweeted.
This news broke out with Jake’s tweet on Twitter raising a concern of the national as well as international data breaching theft. “We encourage network owners to patch ASAP,” Jake added. The tweet was also attached with a link including Microsoft’s notice of the security update.
The reports also suggested that ever since the SolarWinds Corp—a Texas-based software firm—was hacked, Microsoft’s almost ubiquitous suite of software is under the radar. This Texas-based software firm served as a springboard for various intrusions across sectors. The hackers mainly took advantage of diversification set by customers’ Microsoft services to segregate their objectives by finding the affected networks. Similar hackers who attacked SolarWinds also attacked Microsoft, mostly accessing and downloading source code. The affected aspects were calendaring products, emails, as well as Exchange.
This American multinational computer corporation, Microsoft established in 1975 by Harvard College dropouts Bill Gates and Paul Allen. Currently, it has become the largest software company and also one of the most valuable organization in the world. The company invests the developing and supporting various list of software services and products which caters to different needs of users. There was witnessed some downfall in the year 2000, but later it retained its top stature in both personal computing and other businesses. Microsoft made a fortune in directly dealing with the consumers as the operating system was heavily used by numerous people including new generations.
Before indulging our brains in the vast world of Bitcoin, let us first understand blockchain technology. For start, ‘the blockchain’ does seem to be complicated and difficult to comprehend, but its core concept stands on basic grounds of understanding. It’s a database type, which stores data in its big piles of information electronically on a computer system. Unlike other typical databases, blockchain is similar to the way the data is structured and stored. It basically collects information in groups which is apparently also known as blocks, which holds information in it. It’s similar to the quanta but without quantum physics. These blocks are connected to each other, as one block gets filled with the data, it further data starts to get storing in another block. As it is connected in a chain, hence the name ‘blockchain’. Based on this technology is one of the popular cryptocurrency Bitcoin.
Currently, Bitcoin as we can say is officially sailing in the uncharted oceans. Before COVID-19 pandemic with a known value of USD 4,000 which later skyrocketed to almost 900 per cent growth and that is a huge rise. This has been witnessed by many observers, which is not just restricted to certain investors and financial advisors but also the vast number of individuals with the internet at their grasp. A 900 per cent rise seems quite impossible to believe in such a little time but it all depends on how a currency is valued. The value of any currency depends on the beliefs of people, if people think and believes that something, anything, is precious and worth exchanging the value of that ‘thing’ increases. Later, other parameters like availability arrive and draws the picture of inflation giving it a numerical value as per the nation’s trading norms. Similarly, Bitcoin has experienced a sudden rise in its worth, as people have started to believe more in its potential and direct transaction methods i.e. without a middle entity. An interesting fact about Bitcoin, there are just 21 million of them.
In 2017, Bitcoin first raised to USD 20,000 and it secured everyone’s interest in its favor. And by the year 2018, it broke the most searched word of the Google search engine. These searches were mostly the resulted due to people’s curiosity and flow of interests in this digital currency. Though, the Bitcoin has taken quite upward stepping making it more valuable. Since, the fall of 2020, the Bitcoin market value is forecasted to be increased more in the coming time. The reports suggested that new Bitcoin wallets are being created every day with a purpose of trading. Nowadays, Bitcoin has heavily being appreciated by various companies for their future transaction, as it seems reliable. Whereas, it is also been treated as a best way of an investment opportunity. Bitcoin have started a digital transformation, slowly but effectively, but none knows to what extent. Though its main purpose of being peer-to-peer electronic cash is getting served, it may also lead to a decentralization of global currency system. Thus, it is banned in many countries.
Ever since, Paypal has featured Ethereal, Bitcoin Cash, Litecoin and Bitcoin making it easier for people to own and buy Bitcoins. Account holders can hold, sell and buy above digital currencies. The company is also planning on using similar platform Venmo. Moreover, ever since the Elon Musk invested a billion in Bitcoin, it has attracted many young investor and next gen tech savvys out there.
As like every other system, Bitcoin also gives a room for a doubt. The risk factor stays as no previous similar system has been used or tried, so there is chance that Bitcoin might turn out to be bubble. But, as there is fear of emergency expenditure utilized by central bank might lead to hyperinflation, the Bitcoin is resulted as the best source to store assets. Yet, as per various reports it can be only used for portfolio diversification, as its correlation with other assets such as cash, bonds, share is quite low.
The world is changing and so should we, but must never neglect the voids that any new technology or ideology possess, as it might or can turned out to be threat. Currently, the Bitcoin’s age is blooming, let us see whether the future holds the same grounds for the digital currency or not.
Germany based TeamViewer a remote connectivity software organization is reported to have acquired a United States based company—Upskill, which hold specialization in augmented reality applications for front-line workers.
This deal makes the third acquisition for Chief Executive Officer, Oliver Steil ever since TeamViewer which is currently headquartered in Goeppingen which was backed by private equity Permira, though the terms for the transaction were never disclosed.
Various reports suggested that in an interview Steil state that the acquisition will help TeamViewer to strengthen its position in the United States which is largest markets as per billings. Although he still held stronghold in the markets in depth deals which would help in expansion the range of products.
“We are interested in complementary teams with complementary capabilities,” Steil expressed. The company, TeamViewer has raised almost USD 360 million i.e. 300 million euro loan, which has strong cash flow that can utilized for the better work, he continued. Moreover, he flagged his gained interest in expansion of the augmented reality, IoT and smart devices when TeamViewer filed its annual reports in the February, 2021, and addressed the possibility of their business growth to its third in the year 2021.
This acquisition of Upskill and TeamViewer, will help TeamViewer with the ability to support personnel using mobile devices and smart glasses for better factory equipment, along with the client’s list which includes Boeing and Merck KGaA. Upskill was founded in the 2010, which is privately held company and has raised around USD 53 million through fund backings, as per various reports.
TeamViewer was launched in the year 2005, on an ideology on focusing on the cloud-based technologies in order to enable remote support online and collaborating across the globe. The company understands that in order to thrive in the upcoming years, business might need remote desktop support remote access, and online platform to connect with the world. The company believes that the application should be a catalyst to promote and enhance individual’s ideas to overcome the challenges. Currently, many people are collectively using TeamViewer technology which has resulted to be in billions all around the world and in future will do so.
“Our existing customers will benefit from an accelerated product development roadmap, global reach, and additional solutions and features within the TeamViewer portfolio,” stated Brain Ballard the CEO of Brian Ballard.
Ever since the Fourth Industrial Revolution came into the picture, the businesses have taken off to unimaginable statures. Though the world has to face the unfortunate situations amid COVID-19 pandemic, yet the businesses have rocket-boosted. Many instances such as Apple crossing 1 trillion USD mark, Jeff Bezos crossing the 100 billion USD range and the Elon Musk becoming richest man in the world even for the short period. This article is not about the businesses, but about the business tycoons who made this revolution possible. Here are the top 10 business tycoons to follow:
Jeff Bezos
Net Worth-USD 193.4 billion
Founder of the biggest e-commerce company—Amazon, and Chief Executive Officer of the same Jeff Bezos has total assets are estimated to be USD 193.4 billion. He is the most influential entity in the business world. Though his separation with his companion in the year 2019 has taken away the one fourth of his Amazon stakes to her. He started the company in the 1994 and since then his journey has been exceptional and inspiring for many budding entrepreneurs and business individuals. This pandemic may brought many heckles to various businesses but it has brought blooms to Amazon, as numerous consumers shopped on the online.
Elon Musk
Net Worth- USD 171.6 billion
This multi-billionaire entrepreneur cum investor, Elon Musk is on the verge to make a dent in the universe by its exceptional projects. His focus is to create a transformation in the transportation both on Earth and space. He founded SpaceX with an aim to colonize Mars, and stretching the limits of human race. This rocket organization is projected to be worth around USD 100 billion. Whereas, his baby project Tesla electric cars has become one of the largest automation company with market capitalization of USD 342 billion.
In the month of January, 2021, he became the richest man in the world taking over Jeff Bezos, but soon, due to loss in Tesla shares recently he fell to second rank.
Bernard Arnault & Family
Net Worth—USD 155.1 billion
Bernard Arnault, the Chief Executive Officer and Chairman of LVMH—France stands third with the estimated net worth of USD 155.1 billion; which extends his total assets dividing in various domain which includes total 70 brands especially Louis Vuitton and Sephora. With less media appearances, Bernard has acquired around USD 100 billion in the year 2020.
Bill Gates
Net Worth– USD 123.2 billion
“Internet is the new big things.” With quoting such a statement Bill Gates did predicted the tech future. He stayed one of the richest person in the world for almost a decade straight. Currently, with an estimated amount of USD 123.2 billion, Bill ranks number fourth in the world. His Bill and Melinda Gates Foundation is one of the world’s biggest private helping hand foundation. With his partner Paul Allen, Bill Gates started the biggest software company, Microsoft, which earned exceptional success, one can ever desire for. He also held shares in Apple Inc.
Mark Zuckerberg
Net Worth– USD 98.5 billion
With an estimation of USD 98.5 billion, Mark Zuckerberg, the Chief Executive Officer and director of Facebook ranks number fifth in the race of richest business tycoons in the world. He possess 15 percent stakes in the company Facebook. He is the youngest in this list of richest business tycoons. With keen acquiring strategy, Mark acquired two most successful social media company in the last decade that are Whatsapp and Instagram. These two apps have helped the Facebook in achieving various recognition and benefits for the company. His creation Facebook helped robustly in bringing people together transforming the definition of being social.
Zhong Shanshan
Net Worth—USD 94.8 billion
Being the richest person in the China, Zhong Shanshan estimated to be worth of USD 94.8 billion making him sixth richest business tycoon in the world. He is the Chairman of a pharmaceutical company, Wantai. Moreover, prior to creating his own business Nongfu Spring, he took various jobs like development laborer as well as journalist.
Warren Buffet
Net Worth – USD 92.4 billion
Warren Buffet, one of the most respectable entity in the share market, also known as the Oracle of Omaha. His net worth is estimated to be USD 92.4 billion making him seventh richest person in the world. Warren owns Berkshire Hathaway which includes around 60 organizations. He purchased his first stock at 11 years old, and today he ranks between top 10 richest business tycoons across world.
Larry Page
Net Worth – USD 91.6 billion
Larry Page one of the benefactor of Google, is estimated to have net worth USD 91.6 billion, making him eighth richest person and securing a place in the top 10 business tycoons across world. He has invested in many organizations such as Planetary Resources—a space investigation organization, as well as in new businesses Kitty Hawk and Opener, and many more.
Sergey Brin
Net Worth – USD 88.8 billion
Being a crucial part of Alphabet and board of the committee, Sergey Brin is estimated to have net worth of USD 88.8 billion making him one of the top 10 business tycoons across the globe. Along with Larry Page, in 1998, Sergey started Google which is the biggest search engine out there. The company later on became a part of Alphabet in the year 2015.
Larry Ellison
Net Worth – USD 86.6 billion
Larry Ellison made a fortune from the company Oracle, which he with other colleague started in the year 1977. His net worth stands to be USD 86.6 billion which makes in this list of exceptional business tycoons. In the year 2014, he left the position as the Chief Executive Officer of Oracle. Whereas, he works as a Director of the board in the same company. He also holds a position as the leading member of Tesla, whose stocks are continuously rising with some backlashes.
Various reports have suggested that the Coinbase Global Inc., the cryptocurrency trading platform the awaited public offerings post filing paperwork with the Securities and Exchange Commission in the month of February.
Coinbase, in order to go public is aiming to employee nontraditional direct listing, and one such listing would be Nasdaq Inc. in exchange under the symbol “COIN”. This type of direct listing clearly indicates that, Coinbase will not be raising any new monetary assets which was unlikely carried out by Palantir Technologies, Spotify Technologies, Slack Technologies in these passed years. Below are the details one might seek of Coinbase in its public offerings:
The company was co-founded in the year 2012 by Brain Armstrong, who also plays the role of Chief Executive Officer, with Fred Ehrsam, the director of Coinbase. As per various reports, Armstrong’s networth is currently $6.5 billion which is directly based on his owning in the Coinbase, and if the above mentioned direct listing goes off successfully then the net worth will tend to increase. The company is starting with the rapidly growing and which is currently number one in the market i.e. bitcoin. Whereas, bitcoin has acquired attention of many as it has broken its own records many times and touched its peak above USD 58,000 which has resulted in driving the gains through exchanges. It has hit the market value of USD 1 trillion in the recent time, which almost 70 per cent of the total crypto market whilst there are many other popular cyrptocurrencies out there trading on Coinbase, not excluding ether based on Etherum’s blockchain, Litecoin and Bitcoin Cash created by the individuals known as Satoshi Nakamoto. The reports also states that Andreessen Horowitz, a venture-capital firm which happens to the largest owner of Coinbase elevating for around quarter percent of Class A shares and 14 per cent of Class B, in an addition to Marc Andreessen , the head is on the Coinbase’s board.
Reports also suggests that Coinbase might have risk as like any other company, its biggest risk factor is that it is holding its stakes on unproven assets which is a decade old. Basically the company is attempting to make such cryptocurrencies like Bitcoin and Ethereum and other various alternative crypto coins out there in the market which are already written or are in the process. “There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected,” writes Coinbase in its S-1 filing.
It has also facing the many backlashes by various nation’s governments which might affect the exchange platform, Coinbase. Another risk for the company would be, as Satoshi Nakamoto has never been identified whether it’s an individual entity or group of people, which might bring heckles in the company’s pathway. The reports also states that Nakamoto has mined up to 1.1 million bitcoin, which is estimated to be valued for USD 46 billion at today’s values; which are left untouched. Currently, one can say that Coinbase the crypto exchange platform ranks 3 among all the largest digital asset exchanges across the globe. Risk-Management by kuv24-manager.de
As per BitInforCharts, there has been a steep rise of bitcoin which has resulted in creating millionaires at fairly rapid clip. Last reports states that bitcoin was trading up by over 6.5% at approximately USD 4,914,123. Even though the asset has fall for about 12% by the week after a high record around USD 58,332.36 in between the weekend, the bitcoin ‘the digital currency’ has ascending the wallets of crypto millionaires.
As per various reports, there are almost 93,862 accounts bitcoin holders which are worth of at least $1 million whereas, around 8,214 which are valued at and more than USD 10 million. In total, these numbers add up to 102,076 bitcoin accounts. Moreover, 422,104 accounts can elevate accounts valued at more than USD 100,000 as per reports. None can redirect the traces back to the crypto asset created in the 2009 are headed, similar to the earlier that occurred in the late 2017 when bitcoin surged to near USD 20,000 which slipped to around USD 3,000 which will take, but bitcoins growth has widely accepted even to the greater institutional ownership.
Moreover, the price of Bitcoin has surpassed USD 50,000 in February, 2021 after Elon Musk the Founder of Tesla announced a USD 1.5 billion bitcoin investment. This high-statured bitcoin was unable find support from the campaign, which has resulted in steep fall below the USD 50,000 mark. Yet, bitcoin’s price has gone up for 70 per cent in the year 2021. As per compared, bitcoin traditional rival assets Gold has fell with negative 5 per cent.
At end of the month of 2021, the bitcoin hit a market capital above USD 1 trillion, this was an exceptional moment with many players dipping their toes into cryptocurrencies, not excluding PayPal Holdings Inc. PYPL, which started up its cryptocurrency platform to United States customers. Moreover, various high-profile Wall Street investors, not excluding the Stanley Druckenmiller have embraced bitcoin.
As per various reports, cryptos requires a steely constitution. In one year, bitcoin has gone through various corrections, which has been decline form the peak of at least 10 per cent but not more than 20 percent, and two bear markets, which mostly defined as falling by 20 per cent as per various reports. Currently, bitcoin and other cryptocurrencies are taken as highly speculative and the assets which can be written as out of picture by stern global regulation. Though the current movement is driving in the favour of bitcoin enthusiasts, but the blockchain technology is reliable and there is quite a high chance of introduction of new cyrptocurrencies in the market.
Yokohama is a top international tyres brand that has a good reputation worldwide. This Tokyo, Japan based company has been manufacturing tyres for decades and also sells tyres in India. It supplies tyres for international racing events and sponsors many international sporting events throughout the world. Like other automobile manufacturers, Yokohama is also concerned about being environmentally friendly and has strived to make top quality tyres that are competitive yet environmentally friendly.
BluEarth Series of Yokohama Tyres
BluEarth is a concept at Yokohama that is used to make the BluEarth series of tyres. These tyres are made in such a way that they are environmentally friendly, human friendly as well as socially friendly tyres. They save fuel, have a nano blend compound, have advanced inner liners, are light weight and have advance aero dynamic technologies. They cause low noise pollution, reduce natural resource consumption, and also reduce Co2 emissions in the air. They save fuel and have an environmentally friendly design. This series was launched in 2010 by Yokohama, and since then there have been many tyres launched in this series. The latest model of tyres launched in this series is the Yokohama BluEarth-GT tyres model.
BluEarth – GT
BluEarth-GT is the latest edition of the Yokohamas BluEarth series launched in India. The GT refers to the Grand Touring concept in automobiles and this tyre offers the Indian customers two distinct features of comfort and performance. GT like other BluEarth tyres is designed in such a way that it is human friendly, environment friendly and socially friendly. The BluEarth-GT also has a proud distinction as it is “Made in India”. This tyre is made at the top of the line manufacturing unit of Yokohama India at Bahadurgarh in Haryana. Yokohama decided to make tyres in this BluEarth series because they believe in being environmentally friendly and they look at the bigger picture which is normally not just looking at their bottom line.
Features of the BluEarth – GT
BlueEarth-GT is designed for India’s changing road infrastructural landscape as this requires tyres with higher rim sizes as compared to earlier times. The BluEarth-GT is designed to meet the needs of high standards of performance and comfort from modern tyres. It has an asymmetric tread design with many performance enhancing features. It has features like lightning grooves, blade cut sipes and is available in 26 sizes, ranging from 14 to 17 inches. The entire range of sizes will be available by the end of the year. This tyre is suitable for cars from Premium Hatchback and onwards.
More Features
It also has features like dimple shoulders, mound profile and has higher pitch numbers which make the drive feel luxurious. These tyres have many features that make it ideal for Cruising and Long Drives like Triple Centre Ribs to improve performance.
Yokohama is a leading replacement company in the world. Besides being a replacement tyres company it also supplies the original equipment to top brands like Mercedes Benz, Audi, Porsche, Honda and many top brands. This new BluEarth-GT Tyre is likely to do well in India.
One of the top automobile companies in the world is Kia Motors which is a South Korean company with many car models sold all over the planet in different categories and segments of the automobile market. Kia Motors for a long time was looking to enter the Indian market and to establish a firm market share in the vast automobile sector in this country. Kia Motors entered the Indian market in 2019 with its car Kia Seltos and has built a manufacturing plant in India in the state of Andhra Pradesh. It has sold over 100k car units in India since then and is considered one of the best performing car manufacturers in India over the last few years.
Target Market Segments for Kia Motors in India
In India, people from all economic and social backgrounds buy different types of cars at different price points. Kia has been smart about the type of cars they have introduced into the market and has picked a few market segments to focus on to capture market share and to increase sales and profits in India. Kia Motors is primarily focusing on two market segments which are the entry-level SUV market segment and mid SUV segment of the market. They have introduced two cars into the Indian market which are both parts of the SUV segment of the Indian market. The Kia Sonet and the Kia Seltos helps Kia Motors capture market share in the entry-level and mid-level segments of the SUV market in India.
Kia Motors – SUV Sales
September was a very good month for Kia Motors in the SUV segment of the Indian market. Kia sold over 9200 Kia Sonets in September and went ahead of competition like Hyundai venue and Maruti Suzuki Vitara Brezza. It also sold over 9000 units of Kia Seltos which gave it second place in terms of market share just behind Hyundai Creta. The popularity of these two cars is because they have great features and stylish designs. Even the future booking data for these two cars look impressive. Their multi-purpose premium vehicle called Carnival which was launched earlier initially got a poor response but the inquiries for this model also have picked up.
Production Capacity of Kia Motors in India
The Andhra Pradesh plant of Kia Motors has a capacity of churning out 3 lakh units of cars in one year with 3 shifts but only 2 lakh cars can be produced with 2 shifts. Because of COVID restrictions and the nature of this pandemic, the production has been hampered. There are delays because Kia Motors also has to depend on their suppliers and during the pandemic supply chain is hindered. Due to the high demand for Kia Seltos and Kia Sonet, the wait time for these vehicles can go up to one month after booking.
Kia Motors just entered the Indian market last year and though it is available in over 160 cities across India, it still has room to grow in this country. They have high expectations for the festive season this year for sales of their cars and the overall outlook for Kia Motors in India looks bullish.
Triumph motorcycles is a large UK based Motorcycle Company that has a large presence in the motorcycle market in India. It has a range of motorcycles which it sells all over the world and also in India. Currently, it is a premium motorcycle seller in India and sells 13 products in different motorcycle categories across the country. They have, however, added a new type of business to their retail sales in India in light of the present situation. Triumph is now going to launch a used bikes program that will target first-time buyers to help the company tide this current situation.
COVID 19 Pandemic
2020 has been one of the most challenging for businesses across the world because of the Corona Virus Pandemic. Millions have contracted the virus, many have died and tens of millions across the world have either lost their jobs or have seen a substantial reduction in their wealth portfolio. The automobile industry, especially the premium automobile sector of the industry has seen degrowth due to the coronavirus outbreak. Triumph has seen their motorcycles being sold at a similar level as last year so far but this could change. The economic rebound is likely to take some time and so Triumph has introduced a used bike program in the meantime.
Launch of the Used Bike Programs
Currently, Triumph sells 13 types of motorcycles across India. They are now going to launch a used bike program by the end of October 2020 in just 3 dealerships across India. They have plans to increase this program to 10 dealership locations by December. They have launched this program because despite the COVID 19 prices, they want this year to be a busy calendar year and they want to achieve a target of 20-25% growth over last year in India.
How This Program Will Work
Triumph has sold a lot of bikes to Indian customers over the last few years. They will put up a scheme to buy back Triumph motorcycles from the public and then they will upgrade these bikes, fix them in such a way that they can be sold again. These bikes will then be ‘Triumph approved’ and will be sold to new customers as used bikes with warranty. When Triumph sells new bikes, it provides the customers with 2-year warranties for new motorcycles and the plan is to provide one year warranty for these used bikes. Customers who want to buy used bikes from Triumph can make inquires about these bikes through the dealer network.
Future Plans for Triumph in India
Triumph retails 13 Premier motorcycles in India and in the next year it also has plans to launch several new products, including the 650 cc Trident Motorcycle in India. It currently operates through a dealership network of 14 dealerships across India. It also has plans to add two more dealerships in India, probably one in the South and one in the East. The growth forecast for Triumph motorcycles in India is ambitious and they are conducting business in such a way that they are not letting the current pandemic situation deter them from their goals in India.
