Royal Enfield may have been approached to buy Italian superbike maker Ducati, according to a report by The Economic Times.
Royal Enfield may have been approached to buy Italian superbike maker Ducati, according to a report by The Economic Times.
Ducati is owned by the Volkswagen Group which has several iconic brands like Audi, Skoda, Porsche, Volkswagen, and several others.
The talks of a possible buyover come at a time when the Volkswagen Group is battling with a financial crisis as a fallout of the Volkswagen emission scandal which included hundreds and thousands of vehicles with a cheat device to tweak emission figures. Volkswagen is owned by Audi.
While Enfield Managing Director and CEO of Eicher Motors Siddhartha Lal told ET, "We can't talk to you on such things," he later added, "I have I have a general view on such things. We are always open to thoughts and ideas. But as you know, we are the most focused and selective company... So basically, without saying absolutely no to anything - because we never say never - we are so zeroed in on our own opportunity that we do not want anything to distract us."
Other companies in the fray may include Suzuki, Honda, Polaris, Harley Davidson, the report said.
In financial year March 2017 end, Eicher Motors recorded its highest ever total income from operations at Rs 7,033 crore, highest ever EBITDA at Rs 2,174 crore and the highest ever profit after tax at Rs 1,665 crore.
The company declared a dividend of 1000%.
In FY18, the company is looking to invest Rs 800 crore in Royal Enfield, the company said during its recently held earnings call. A third manufacturing facility is expected to commence production in August 2017.
The company is focussing on a strategic international thrust, and opened 12 exclusive stores in the year gone by in cities like Sao Paulo, Barcelona, Valencia, Melbourne, London, Manila, and Milwaukee.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Royal Enfield_Ducati")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}