HMCL, A fully owned subsidiary of Hero MotoCorp in the USA, has scooped up 49.2% stake in the US-based superbike company Erik Buell Racing. The buyout has lightened Hero’s account balance by about US $25m (Rs. 148 crores).
Soon after parting ways with longstanding partner Honda, Hero MotoCorp announced a two-wheeler technology sharing agreement with Erik Buell Racing in February 2012. Hero has since been in the process of building up their own R&D base in India, with Erik Buell Racing on-board to help develop new age and cutting edge motorcycle technology to be applied to future Hero motorcycles and [...]
It’s happy days for MS Dhoni’s Mahi Racing Team India as both its riders, Fabian Foret & Kenan Sofuoglu, finished on the podium in the sixth race of the World Supersport season at Portimao in Portugal. Foret managed to pass two riders in the opening stages after starting from fourth place on the grid and took the lead in the latter half of the race due to the incredible pace of the Mahi Racing bikes. He was overtaken by eventual winner Sam Lowes on Turn 11. Foret tried his best to take back the lead but was unsuccessful in his bid and had to settle for a second place finish.
Reigning champion Sofuoglu had finished [...]
Little known manufacturer Mission Motorcycles has announced the launch of two electric superbikes, the R and RS. This means that for about Rs. 17 Lakh (before duties) you can now ride at speeds comparable to 600cc racing bikes albeit using the power of electricity only.
Mission Motors was founded in 2007 with the goal of building and selling high performance electric motorcycles. However, when its original design, the Mission One, didn’t achieve enough demand, the company switched to selling electric components and drivetrain development. It [...]