KTM RC390, 390 Duke outsell TVS Apache RR 310 but here’s why KTM should be worried
Posted on 26th February 2018 |
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| TVS Motor Company launched its flagship motorcycle Apache RR 310 in India in December last year. The bike made its arrival holding a price tag of Rs 2.05 lakh (ex-showroom). With the launch of TVS Apache RR 310, the company aimed at selling 10,000 units of the motorcycle annually and the target did not seem over-enthusiastic or impossible. The latest data by SIAM reveals that TVS managed to sell 242 units of the motorcycle in the month of January 2018. This looks quite low compared to TVS' target that had set at the time of launch. On the other hand, KTM sold 1,041 units of the 390 twins in India. The individual numbers for KTM RC 390 are not available as the report shows the combined figures for the 390 Duke and RC 390. However, keeping in mind the fact that the 390 Duke is a better selling product than the RC 390, the major chunk of that sales figure is devoted to the KTM naked streetfighter. Having said that, the difference between the sales figures of TVS Apache RR 310 and KTM RC 390 is not very high and hence, it cannot be completely judged at the moment that the TVS flagship is on its knees in front of the KTM RC when it comes to finding new homes. The new TVS Apache RR 310 is currently limited for sale through only 51 dealers in the country. Having said that, the bike is not available for sale in the country generously. The company will expand the availability of the Apache RR 310 to more cities in the time to come and that will surely bring a boost to its sales numbers. Once the TVS Apache RR 310 has its availability to more cities in India, it will be interesting to see only then if it challenges the RC 390 head to head or not. All said, KTM might need to keep a check on the sales of TVS Apache RR 310. The reason being, even with a limited dealer network, the TVS flagship is doing quite decent and its sales difference with KTM is not that high. Add to that the lesser price tag and the more practical nature of Apache, the motorcycle can be at par with the KTM in sales or even beat it in the months to come. The TVS Apache RR 310 sources its power from a 312cc, liquid-cooled engine mated to a six-speed gearbox. The engine is good for producing 34 hp of power and 27 Nm of torque. Prime highlights of the new TVS Apache RR 310 include dual LED projector headlamps, dual disc brakes with an ABS, fully digital instrument cluster and a lot more. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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