Siddhartha Lal Royal Enfield is planning to buy Italian motorcycle brand Ducati, owned by German auto conglomerate Volkswagen, according to reports. However, the company has denied any such move, which may call for huge investment. It may be noted that Reuters had earlier reported that Hero Motor Corp is looking at buying Ducati. However, according to a Times of India report, Royal Enfield has reportedly approached to acquire Ducati. Ducati is expected to fetch a value of up to 1.5 billion euros (around Rs 10,500 crore) from the deal, while Royal Enfield had a reserve at the end of the financial year 2016-17 of about Rs 3,500 crore, as per the TOI report. In response to an email, Royal Enfield said they will not be able to comment on speculation. An email sent to Ducati remains unanswered. The reports surface at a time when Royal Enfield is aggressively looking at expanding its presence outside India especially in North America and Latin America. It has already made inroads in parts of Europe and even Australia. Royal Enfield opened 12 exclusive stores this year in nodal cities like Sao Paulo, Barcelona, Valencia, Melbourne, London, Manila and Milwaukee. Royal Enfield opened its second direct distribution subsidiary outside India in Brazil, the fourth… Read full this story
- Go Thump Yourself: The Royal Enfield Continental GT Is A Time Warp To '60s Awesomeness
- Royal Enfield Himalayan Is A Cool-Looking Compact Adventure Bike
- NSA denies infecting millions of PCs with malware, says reports it spoofed websites are wrong
- Royal wedding 2018 countdown: Prince Harry and Meghan Markle are marrying tomorrow
- Royal phone hacking scandal: Timeline of events so far
- I Love This Almost Certainly Untrue Rumor About Why Angelina Jolie Didn't Attend the Royal Wedding
- Obama reportedly lets NSA keep some security flaws secret
- Microsoft denies threatening Denmark over patents
- Who says Hulu is no YouTube competitor?
- Uber Reportedly Promised To Cover Former Google Engineer's ‘Bad Acts’ In Contract
- Volkswagen's New Strategy Cuts Way Back On The Number Of Car Models: Report
- High-school disciplinarian denies Webcam spying
Royal Enfield may acquire Ducati, say reports but co denies move have 327 words, post on www.bsmotoring.com at May 11, 2017. This is cached page on Konitono News. If you want remove this page, please contact us.