>Auto Sector 2 wheeler (RELIANCE MONEY)

Bajaj Auto has reached an agreement with KTM regarding to hike Bajaj Auto's stake in the latter and the deal would be completed over the next two months.

Harley-Davidsonis now looking at expanding its operations worldwide and also wants to bring its bikes to India.

Honda Motorcycle & Scooter India Ltd. has launched the Honda CBR1000RR Fireblade and CB1000R sports bikes in the Indian market. These bikes will be imported into India as CBUs and given the stiff import duties levied on such machines, prices are stratospheric - Rs.1.25mn for the Fireblade and Rs.0.95mn for the CB1000R.

Yamaha India is now looking at expanding its dealer network and may even use its India facility as an exports hub for shipping bike and engines for its global operations. Yamaha plans to invest up to Rs.2.4bn in its Indian operations by 2011 and will develop at least two or more brand-new bikes which would be engineered specifically for this market. The company is also looking at increasing the number of its dealerships in India to around 600, by end-2010.

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