Tag Archives: fastestgrowing

News

Royal Enfield Ventures Into The Turkish Market In Partnership With Okay-Rides

Royal Enfield is among the many fastest-growing bike producers on the earth. Promoting the bike life-style in its purest type, Royal Enfield isn’t all about efficiency, expertise, or spectacular spec sheets, however fairly, a real and genuine motorcycling expertise. As a end result, its lineup consists of bikes which might be remarkably easy, fashionable, accessible, and straightforward to trip – maybe the very cause why the corporate has loved such reputation in recent times.

We lately talked about how Royal Enfield was gaining traction in markets just like the Philippines and Canada. This time round, the corporate has made its entry into the Turkish market, additional increasing its attain into a rustic with a rising fanatic base with regards to two-wheelers. Royal Enfield has inked a take care of Okay-Rides Motosiklet ve Bisiklet San. ve Tic. A.S., which is an organization that focuses on wholesale and retail of bikes, scooters, and mopeds. Okay-Rides is a subsidiary of Kibar Holding, considered one of Turkey’s most distinguished industrial establishments, and goals to open the primary Royal Enfield flagship retailer in Istanbul this spring.

2023 Royal Enfield Interceptor 650 - Studio

2023 Royal Enfield Interceptor 650

2023 Royal Enfield Continental GT 650 - Studio

Royal Enfield Continental GT 650

Commenting on the launch of the Royal Enfield model within the Turkish market, Gokhan Lokmanoglu, the Chief Corporate Development Officer of Kibar Holding, acknowledged, “the rising demand for bikes in Turkiye aligns completely with our mission to cater to and improve the aspirations of the quickly rising neighborhood of bike fanatics throughout the nation.” The firm is predicted to place up a enterprise mannequin that can sort out your complete lifecycle of bike possession – from gross sales and retail, to aftermarket and after-sales service. On prime of that, Okay-Rides additionally hopes to arrange rides and occasions to have interaction and develop the neighborhood.

2023 Royal Enfield Super Meteor 650 - Sunset 3

Royal Enfield Super Meteor 650

Royal Enfield Chief Commercial Officer Yadvinder Sing Guleria expressed his pleasure whereas voicing confidence in Okay-Rides’ skill to develop the model within the Turkish market. “We are confident in their knowledge and deep understanding of the Turkish markets and with this association Royal Enfield will further strengthen its presence in the region’s mobility sector.”

Enfield is anticipated to roll out all of its standard fashions in Turkey, together with the 350 sequence which consists of the Meteor, Classic, Hunter, and Bullet. Of course, larger bikes such because the Interceptor and Continental GT 650, in addition to the Super Meteor, may even enterprise into Turkey. New fashions such because the refreshed Himalayan and Shotgun are additionally scheduled for launch.

 
News

SIMA Takes Over QJ Motor Distribution In France, Key European Markets

QJ Motor is undeniably one of many fastest-growing motorbike producers on this planet. The Chinese motorbike producer is the guardian firm of fairly a couple of notable names within the trade, akin to Benelli, Keeway, and MBP. Apart from having a powerful presence in China and different components of Asia, QJ Motor has steadily been increasing its operations in Europe.

Most not too long ago, QJ Motor signed an unique distribution settlement with SIMA, a distributor of varied motorbike manufacturers within the European market. SIMA is ready to take over the distribution of QJ Motor from DIP SAS, and can cowl key European markets consisting of France, Belgium, Luxembourg, the Netherlands, and Switzerland. SIMA is liable for the distribution of fairly a couple of noteworthy manufacturers within the European market together with Royal Enfield, Moto Morini, and Hyosung. It’s additionally the proprietor of the Mash Motorcycles model, a producer specializing in retro-classic machines.

QJ Motor Pulls The Covers Off The SRV 550 ST Neo-Retro Cruiser

QJ Motor SRV 550 ST Neo-Retro Cruiser

Dominique Delsart, SIMA’s president, defined in an article by French motorcycling publication Le Repaire Des Motards, “It is with immense enthusiasm that SIMA joins forces with QJ Motor to distribute this new brand in the French, Belgian, Luxembourg, Dutch and Swiss markets. QJ Motor’s rich history and continued commitment to innovation make it an ideal partner for SIMA.”

QJ Motor boasts fairly an in depth repertoire of bikes. Occupying almost all segments of the motorbike market, the Chinese firm has streamlined choices for numerous markets, together with A1 and A2-compliant bikes for newbie riders, in addition to premium performance-oriented choices just like the SRK1000RR. The model has additionally dabbled into the quickly rising electrical motorbike market with fashions just like the OWO and Q2.

QJ Motor SRK1000RR Reportedly Entering Production In 2024

The QJ Motor SRK1000RR is reportedly getting into manufacturing in 2024. 

Dominique Delsart added that the European market will admire the various number of fashions QJ Motor has to supply, “We are convinced that 2-wheel enthusiasts will appreciate the diversity, quality and cutting-edge technology of QJ Motor models. Our collaboration aims to provide an incomparable driving experience and we are proud to play a key role in the development of QJ Motor.”

Indeed, SIMA has already taken some huge steps relating to bolstering QJ Motor’s presence within the European market. Georges-Henri Ladarre has simply been appointed as the top of gross sales in France, and can concentrate on the promotion and growth of the model available in the market. The model will showcase its newest fashions on the Salon du 2 Roues de Lyon from March 7 to 10, 2024 at Eurexpo Lyon. The QJ Motor mannequin vary is predicted to start rolling off showroom flooring inside the first half of 2024.

News

Ola Electric Reportedly Planning to Go Public by the End of October 2023

Ola Electric, one of the fastest-growing electric two-wheeler companies in India, is looking to expand its business globally. To achieve this, the company is considering an initial public offering (IPO) as a way to penetrate the international market.

There have been rumors about Ola Electric going public, with reports suggesting that the company aimed to have its first IPO before the end of 2023. However, recently revealed insider information indicates that the company is closer to making this a reality. Ola Electric executives are reportedly urging bankers to prioritize their timeline for the IPO.

Take A Look At Ola Electric's New S1 Pro Gen 2 And S1X Electric Scooters

According to a recent report by Reuters, insiders from Ola Electric revealed the company’s aspirations for an IPO. The project, known as “Project Himalaya,” is backed by significant investors, including Temasek Holdings from Singapore and SoftBank from Japan. Ola Electric is estimated to be valued at $5.4 billion, with $700 million expected to be raised through its first public offering.

The report emphasizes an email sent by Ola Electric to its bankers and lawyers, requesting that the IPO timeline be given “utmost importance.” Sources mentioned that the company is working on a five-week deadline and has advised its legal and financial advisers not to plan extended leaves to ensure their availability. This aggressive approach reflects Ola Electric’s urgency to achieve the IPO.

Once Ola Electric files its IPO papers, they will undergo a review and approval process by India’s market regulator. During this process, the regulator may request additional information and raise inquiries, which could further delay the listing. Therefore, Ola Electric cannot guarantee a specific timeline, but it hopes to conduct IPO roadshows as early as January or February 2024.