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Tag: moto

  • Two Moto Concept Stores open in Manila

    Two Moto Concept Stores open in Manila

    Lenovo has opened two Moto Concept Stores for its mobile phone brand in Metro Manila as part of its Philippine “full-throttle” expansion.

    Both run by smartphone retailer MemoXpress, the stores are in the Cyberzone areas of SM North Edsa Annex and SM Megamall.

    “The Philippines is a very important market for Moto,” says Lenovo Mobile Business Group Philippines country manager Dino Romano.

    Lenovo says it aims to become the No. 3 player in the global smartphone market through expanding its Moto line across emerging markets, including the Philippines. Currently the fastest-growing smartphone market in the region, the Philippines had 3.5 million smartphone shipments in the first quarter of last year, according to the latest report of the International Data Corporation (IDC).

    Both Moto Concept Stores carry the latest Moto smartphones.

  • Moto boosts retail presence with 2 Moto concept stores

    Moto boosts retail presence with 2 Moto concept stores

    MOTO’S Philippine expansion remains at full throttle, with the opening of two new Moto Concept Stores in Metro Manila.

    Say #HelloMoto to two new stores located at the 4th level of Cyberzone areas in SM North EDSA Annex and SM Megamall both operated by MemoXpress.

    “The Philippines is a very important market for Moto, and we remain committed towards bringing the Moto experience to more Filipinos through our two new Moto Concept Stores. By offering greater product and service visibility, Moto is definitely on its way towards taking the Filipino digital lifestyle by storm,” said Dino Romano, Country Manager, Lenovo Mobile Business Group Philippines.

    As part of its goal to become the definitive #3 player in the global smartphone market, Lenovo is building scale and efficiency by expanding its Moto line across emerging markets, including the Philippines. Currently the fastest growing smartphone market in ASEAN, the Philippines has seen a total of 3.5 million smartphone shipments in the first quarter of this year, based on International Data Corporations (IDC)’s June 2016 report.

    Both Moto Concept Stores carry the newly-launched Moto smartphone lineup: its flagship line composed of Moto Z, Moto Z Play and the Moto Mods; its mid-range family, which consists of Moto G4 Plus, Moto G4 Play and Moto G Turbo; and the entry-level Moto E3 Power.

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  • High-engine motorbikes stir domestic market

    High-engine motorbikes stir domestic market

    The recent launch of motorbike models with high-engine displacement has attracted the Vietnamese and stirred the domestic market, even though import prices are 2-3 times higher than world prices.

    The leader in this segment is Honda Việt Nam, with the SH 300i imported from Italy. With a price of VNĐ248 million (US$10,880), nearly the price of a small sedan, the motorbike has seen good sales in urban areas, with an expected volume of 400 units next year.

    Kymco, a brand name of Taiwan, introduced the People GT300i model in Hà Nội in July. This motorbike is seen as a direct competitor to the Honda SH300i. However, a Kymco representative said the introduction is just to get an idea of the Vietnamese market before preparing future plans.

    Meanwhile, Yamaha Việt Nam is planning to roll out model X-MAX 300 in the country this year, which is also expected to be a rival of the SH300i.

    Piaggio, early this year launched two models with high engine displacement — Aprilia and Moto Guzzi — in the domestic market, to mark its 95th anniversary. In addition, the firm has two other models — Beverly 300 i.e and Vespa GTS 300.

    A French company, Peugeot recently entered the Vietnamese market with models Geopolis 300 and Satelis 300 and appears intent to compete with its rivals for marketshare.

    Insiders said with the country’s increasing economic development and transference of customers’ consumption demand, high-engine displacement motorbikes and motor scooters would witness a lot of opportunities for development by 2020.

    Five years ago, it was rare to see a high-engine displace motorbike on the streets. But today, the image is common.

    The market opened its doors to the vehicle when the transport ministry removed its regulation which restricted the number of candidates allowed to drive with an A2 licence — the requirement for motorbikes above 175cc in force since March 1, 2014.

    This new adjustment, Honda Việt Nam General Director Minoru Kato told it was like “good medicine to stimulate the growth of the high-engine displacement motorbikes market in Việt Nam.

    However, the selling price remains high due to taxes and fees. Currently, the price of the bike factors in an import tax of between 65 per cent and 75 per cent, the special consumption tax of 20 per cent and value-added tax of 10 per cent. Besides this, other fees such as transport, storage and registration fees are also included. On an average, an imported car will have a price that is two or three times higher than the price in the world market.

    According to commitments of tax cuts and reduction from trade agreements that Việt Nam has signed, the import tax of high-engine displacement vehicles from ASEAN, Japan, European Union and the United States will be reduced systematically and abolished within the next eight years, which would lower prices in the future.

    Insiders said local motorbike makers had the tendency of producing high-engine motorbike scooters in Việt Nam, not only to meet demand, but also for export. However, there were concerns that when major cities did not yet have effective measures in place to reduce traffic jams, the increase of high-engine displacement models on the roads would worsen the situation.

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  • Sales nosedive at Indonesia Motorcycle Show

    Sales nosedive at Indonesia Motorcycle Show

    Despite attracting more visitors than the last event, this years’ edition of the Indonesia Motorcycle Show (IMOS) failed to record higher transactions following the event’s closing on Sunday.

    According to data released by IMOS organizers, the biennial event, which ran from Nov. 2 to 6, attracted 90,186 visitors, a slight increase of 0.48 percent compared to the 89.751 visitors that attended the event in 2014. This year, only 751 motorcycle units were sold during the event, with a transaction value of Rp 19.39 billion (US$1.48 million), down by almost half compared to the Rp 35.7 billion booked in 2014 from the sales of some 1,500 motorcycle units.

    Responding to the decline, Indonesian Motorcycle Industry Association (AISI) chairman Gunadi Sindhuwinata said the market was not in the best condition this year. He, however, said industry players were optimistic motorcycle sales would bounce back with the improvement of the economy.

    “In the next 10 to 20 years, the [motorcycle] sales can still see growth because the public still needs affordable transportation options,” he said on Monday.

    He added that the performance indicator of the show was not measured only by the number of transactions but also the ability of the show to inform the public of the latest technology.

    In general, the motorcycle market is getting smaller. AISI data show that during January to September, sales dropped by 9.74 percent year-on-year (yoy) to 4,351,397 units. This year, the association set a sales target of 6.5 million motorcycles, a minor increase from the 6.4 million sold last year.

    Agus Nurudin, the managing director of the Indonesian unit of global marketing research firm Nielsen, said based on the company’s latest consumer confidence poll, Indonesian customers had become more rational and had slashed their spending on tertiary goods, including gadgets and vehicles, amid the weak economy.

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  • Japanese manufacturers pitch new products at Indonesia motorcycle show

    Japanese manufacturers pitch new products at Indonesia motorcycle show

    Japanese motorcycle manufacturers are promoting their products at the Indonesian Motorcycle Show 2016 in Jakarta, with Suzuki Motor Corp. using the biennial event to unveil its latest models.

    Suzuki took the wraps off the GSX-R 150 and GSX-S 150 sport motorcycle models at the five-day show, which runs until Sunday, giving the Indonesian public an opportunity to see its latest products before their official launch in the first half of 2017.

    “We are very proud to introduce the GSX-R 150 and GSX-S 150 for the first time in the world,” Kazumasa Watanabe, manager of Suzuki’s motorcycle marketing group for the Association of Southeast Asian Nations, said at the show Wednesday.

    He described the Suzuki GSX-RR technology, on which the new models are based, as the company’s “highest achievement” in the GSX series that helped Suzuki win the 12th round of MotoGP, the world’s most prestigious motorcycle race, in Britain on Sept. 4.

    Kawasaki Heavy Industries Ltd. also unveiled its Kawasaki Ninja 650, while Honda Motor Co. released the prices of its All New Honda CBR250RR, introduced last July, which are $4,900 for the standard model and $5,300 for the model equipped with an anti-lock braking system.

    In the scooter category, Yamaha Motor Co. introduced the three-wheeled Tricity 155 in Indonesia after it was launched globally five months ago.

    Indonesia’s three-wheeler market is still very new, but Mohammad Masykur, assistant general manager for marketing at PT Yamaha Indonesia Motor Manufacturing, was optimistic about its future.

    “The presence of Tricity in Indonesia will give a new color to the Indonesian automotive world,” he said, adding that the company’s “Leaning-Multi Wheel technology will make a difference on the Indonesia road.”

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  • Newcomers try to tap into Indonesia’s niche motorcycle market

    Newcomers try to tap into Indonesia’s niche motorcycle market

    New players in the premium motorcycle business are optimistic that they can tap into the Indonesia market despite the sluggish sales the country has been experiencing.

    Garansindo Euro Sports, the sole distributor of Italian luxury motorcycle maker Ducati and French Peugeot Scooters, lined up several new models at the Gaikindo Indonesia International Auto Show (GIIAS) in Serpong, Banten, in an attempt to entice people in the middle- and upper-income brackets.

    Garansindo became Ducati’s sole distributor in the country in January, taking over from PT Supermoto Indonesia, while Peugeot Scooters made its Indonesian debut in 2015.

    “People tend to buy new vehicles in August, plus economic conditions seem better now,” Garansindo managing director Dhani Yahya told The Jakarta Post on Monday.

    Indonesia’s economy rose to 5.18 percent on an annual basis in June from a yearly rate of 4.91 percent in March, fueling optimism that recovery is under way. However, the country’s motorcycle sales dropped 27.6 percent year-on-year in July, with 305,153 units sold, a more than 40 percent slump from the previous month.

    Astra Honda Motor (AHM), the country’s leading motorcycle manufacturer, said, however, that the domestic market for premium bikes was still promising and expected its marketing of its big bike model BR250RR to strengthen its grip in that segment.

    At the country’s biggest auto expo, Ducati rolled out four new motorcycles in the 959 Panigale, Hyperstrada, Hypermotard 939 and Xdiavel S models, priced at Rp 658 million (US$50,008), Rp 570 million, Rp 515 million and Rp 988 million, respectively.

    Apart from the new models, Dhani said that it was banking on the Ducati Scrambler Sixty2, which made its Indonesian debut in April, to meet demand for entry-level premium motorcycles.

    The Scrambler Sixty2, named after the year when Ducati first produced its Scrambler model, is equipped with a 400 cc air-cooled engine and is priced at Rp 219 million, discounted to Rp 199 million for GIIAS visitors.

    “We see the price as affordable for middle-income people between 30 and 40 years old, such as managers and entrepreneurs wanting to upgrade their style,” Dhani said.

    In May, Garansindo opened up its flagship store in the elite Kemang, South Jakarta, said to be Ducati’s largest dealership after its outlet in New Delhi, India.

    The 3,000 square-meter flagship store is also equipped with Ducati’s one-stop service, spare parts provider and certified used-bike-reseller in the country.

    Garansindo also relies on the Peugeot Django 150 model to tap into Indonesia’s growing premium scooter market. At the expo, Garansindo showcased three kinds of Django 150: the Django Sport, Django Evasion and Django Allure, priced at Rp 40 million, Rp 41 million and Rp 43 million, respectively.

    Indian motorcycle manufacturer Royal Enfield, which entered Indonesia in January, used the GIIAS opening last week to introduce its new Himalayan motorcycle. The brand currently has four types of motorcycle sold in Indonesia — Bullet, Classic, Rumbler and Continental GT — with prices ranging from Rp 64 million to Rp 172 million.

    “We are currently focusing more on introducing the brand and encouraging people to try and feel the riding experience using our products,” said Distributor Motor Indonesia managing director Ade Sulistioputra, whose company is the sole distributor of Royal Enfield in the country.

    Meanwhile, Russian heavy sidecar motorcycle manufacturer IMZ-Ural, which made its Indonesian debut at the expo, is upbeat that it can expand its market in Indonesia after achieving overseas success in several regions such as the US, Australia, Europe and South America.

    Ural Indonesia CEO Michael Sofyan said the company targeted premium motorcycle buyers in the country as its segment, hoping that Ural’s unique design, which was initially tailored for Russian military officers, would lure them into purchasing its products.

    “We are trying to reach big bike communities first,” Michael told the Post.

    Fifty-nine-year old Affandi Permana, a visitor at Ural’s booth at the expo, said that he was very eager to purchase the maker’s military-styled Gear-Up model, which is priced at Rp 405 million. “The Gear-Up model represents masculinity,” Affandi said.

  • Royal Enfield enters Indonesian market

    Royal Enfield enters Indonesian market

    Royal Enfield has entered Indonesian market targeting mid-size motorcycle segment and an exclusive store in Jakarta, the company said Monday, adding that the move into the world’s third largest two-wheeler is part of its growth strategy and international thrust to expand its presence in the mid-sized motorcycle segment (250-750cc).

    The company announced the foray at GAIKINDO Indonesia International Auto Show 2015. The two-wheeler major displayed its range of motorcycles at the show including the Bullet 500cc, the retro-street models – Classic 500cc and Classic Chrome and the Continental GT (535cc) cafe racer.

    Abhijit Singh Brar, head of marketing for Royal Enfield, said the company will commence retail operations soon from its exclusive dealership in Jakarta that is being set up in partnership with PT Distributor Motor Indonesia. In addition to the store, they will also build service and aftermarket capability for Royal Enfield in Jakarta.

    Backed by a growth of over 50% year on year in the past five years, the company is aiming to lead and grow the middle-weight segment, which is underserved globally. The move to enter Indonesia is part of the company’s larger growth strategy which includes a thrust on expanding its international presence.

    The company believes this growth will largely come from markets like India such as Latin America – it entered the Colombian market last year – and South East Asia, given their size and comparable commuting trends.
    Indonesia is a strategic market for Royal Enfield. With its large commuter based, this market has enormous potential to upgrade to the next level of motorcycles, should there be optimal product choice.

    “We will build our presence from Jakarta and depending on the response, we will expand our footprint to the other key cities in Indonesia,” said Arun Gopal, head for international business at Royal Enfield.
    In 2014, Royal Enfield sold more than three lakh motorcycles globally. In 2015, the company aims to produce 4.50 lakh motorcycles to supports its growth strategy globally.

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  • Vmoto stock up on Vietnam deal

    Vmoto stock up on Vietnam deal

    Shares in Perth-based Vmoto have closed higher after the company announced it has inked a distribution deal for its electric scooters in Vietnam.

    Vmoto said it has signed an exclusive distribution agreement with green vehicle supplier Euro Ebike Company.

    The initial contract is for a minimum of 1,200 units to be ordered by August 2015.

    Vietnam has the fourth-largest motorcycle market in the world, behind China, India and Indonesia.

    About 37 million motorcycles are registered in the country, compared to about 2 million cars.

    Vmoto is hopeful electric scooters will become more more popular and acceptable to Vietnamese consumers.

    The company has recently made similar inroads into China and Indonesia as it looks to capitalise on growing interest in scooters in those markets.

    Vmoto meanwhile announced it is developing a new, super-light scooter which it says could be easily stored at home or the workplace.

    The Vmoto 1 scooter will weigh about 48 kilograms, can be folded in 30 seconds and is able to be connected to an Apple iPhone.

    Vmoto managing director Charles Chen said he was confident the new model would generate significant interest in the Chinese market.

    The company’s shares closed the day’s trade 13 per cent higher at 5.2 cents.