Retail News CRM

Tag: motorbikes

  • Go Green and Earn Green: Hanoi Rewards Residents with Cash for Switching to Electric Motorbikes

    Go Green and Earn Green: Hanoi Rewards Residents with Cash for Switching to Electric Motorbikes

    Hanoi’s local government is currently deliberating a proposition to incentivize motorbike users to switch to electric models. According to the proposal, a subsidy of VND5 million (US$190) will be given to individuals opting to replace their gasoline motorbikes with electric ones.

    The Subsidy Plan

    The subsidy is designed to encourage the adoption of electric motorbikes by permanent residents and those who have resided in the city for at least two years. The plan dictates that when a resident purchases an electric motorbike with a price tag of VND10 million (US$379) or above, they will receive a subsidy of 20% of the motorbike’s cost, up to a maximum of VND5 million (US$190).

    For those who fall under the category of low-income or nearly low-income residents, the subsidy rises to VND20 million and VND15 million respectively. The proposal stipulates that each individual is entitled to a subsidy for one vehicle until January 1, 2031.

    This proposal offers a more generous subsidy than the previous recommendation issued by the Department of Construction in July, which proposed a maximum subsidy of VND3 million.

    Additional Incentives

    Apart from the subsidies on electric motorbike purchases, the proposal also includes several additional incentives to encourage the transition to electric vehicles. For instance, the city plans to cover 50% of registration and license plate fees for new electric motorbike owners. For those who purchase their vehicles on installment plans, a 30% subsidy on loan interest for the first 12 months is offered.

    The proposal also extends its benefits to transportation businesses such as buses and taxis, offering a full subsidy on all fees when they transition to electric vehicles.

    Infrastructure Plans

    In a bid to ensure adequate infrastructure for the anticipated increase in electric vehicles, the city also plans to require certain facilities to allocate a portion of their parking lots to charging stations. Apartment buildings, commercial buildings, hospitals, and other public facilities are expected to dedicate at least 15% of their parking space to charging stations for electric vehicles. Newly-built facilities will be required to allocate at least 30%.

    In a further step towards reducing emissions, Hanoi plans to prohibit gas-powered motorbikes from downtown streets starting July 2026 and to ban most fossil fuel vehicles by 2030. The city, currently home to around 6.9 million motorbikes, has identified gasoline-powered motorbikes as a significant contributor to the city’s pollution, accounting for around 60%.

    Questions & Answers

    What is the purpose of the subsidy?
    The subsidy aims to encourage the adoption of electric motorbikes by providing financial incentives to residents.

    What other incentives are included in the proposal?
    Other incentives include subsidies on registration and license plate fees, as well as on loan interest for those purchasing on installment plans. Subsidies are also offered to transportation businesses transitioning to electric vehicles.

    What steps are being taken to accommodate the anticipated shift to electric vehicles?
    The city plans to mandate certain facilities to dedicate a portion of their parking lots to charging stations for electric vehicles. In addition, it plans to ban gas-powered motorbikes and most fossil fuel vehicles by 2030.

  • Ho Chi Minh City Plans to Transition 80% of Ride-Hailing Motorbikes to Electric in Two Years

    Ho Chi Minh City Plans to Transition 80% of Ride-Hailing Motorbikes to Electric in Two Years

    The ambitious goal of introducing 400,000 electric ride-hailing motorbikes in Ho Chi Minh City (HCMC) is within reach, provided there are financial incentives, tax exemptions, and the establishment of sufficient charging stations. This optimistic outlook comes from Le Thanh Hai, director of the Institute for Development Studies, who underscores the transition’s potential to cut costs for drivers and enhance environmental conditions in the city.

    Recent research by the institute reveals a striking difference in daily expenses for fuel between traditional fuel and electric motorbike drivers. Grab and Be ride-hailing drivers currently fork out VND70,000–100,000 (approximately $3 to $4) each day on gasoline, based on survey feedback from 400 participants. In stark contrast, drivers of Xanh SM electric motorbikes pay only VND20,000 for charging.

    When considering battery degradation, wait times, and charging expenses, electric motorbike riders can pocket between VND40,000 and VND60,000 more each day—translating to a monthly income boost of about VND1 million—in comparison to their gasoline-powered peers. These savings could enable them to pay off their vehicle loans in just two to 2.5 years.

    Yet, the journey towards electric rides isn’t without its bumps. Charging infrastructure poses a significant challenge. Electric bikes from brands like VinFast, Selex Motors, DatBike, and Honda typically need 4-10 hours to charge and offer a range of 100-200 kilometers—meaning drivers must charge daily, incurring a loss of income during that time.

    Nguyen Huu Phuoc Nguyen, CEO of electric scooter startup Selex Motors, believes that energy infrastructure will cease to be an obstacle as soon as charging speeds catch up with refueling gasoline. Selex Motors is pioneering a quick two-minute battery-swapping service compatible with various brands, currently operating 50 stations in HCMC, with plans to expand to 200 next year.

    However, Nguyen points out that the absence of standardized charging infrastructure remains a critical issue, as companies often function independently. He urges local authorities to motivate businesses to expand shared charging and battery-swapping networks, promoting a collaborative growth atmosphere.

    Financial considerations also play a crucial role in this transition, particularly for technology drivers who often experience low and unstable incomes. The Institute for Development Studies has teamed up with banks to craft specialized credit products and has secured promising commitments from electric motorbike manufacturers and distributors.

    Moreover, the city has proposed appealing to the central government for the elimination of registration fees and value-added taxes on new electric vehicles and technology drivers for the initial two years. Currently, Vietnam’s transportation sector emits 32.9 million tons of CO2 equivalents annually, with HCMC responsible for about 13 million tons. To actively support green transportation, the city aims to convert all buses to electric or green-energy vehicles by 2030, alongside a comprehensive Vehicle Emissions Control Plan that encourages incentive creation and transition roadmaps for taxis, tech vehicles, passenger cars, and vehicles utilized by public agencies and businesses.

    The road to an electric future may be paved with challenges, but an electric motorbike revolution along the bustling streets of HCMC promises a more sustainable urban environment for everyone— and perhaps even a newfound love for battery-powered journeys!

    Questions & Answers

    What financial support is being proposed for the transition to electric vehicles in HCMC?
    The city recommends that the central government waive registration fees and value-added taxes for new electric vehicles and technology drivers during their first two years.

    How much can electric motorbike drivers potentially save compared to gasoline-powered counterparts?
    Electric motorbike drivers can save between VND40,000 and VND60,000 each day compared to traditional gasoline users, leading to an additional VND1 million in monthly earnings.

    What plans does HCMC have for public transportation concerning green energy?
    HCMC plans to convert all buses to electric or green-energy vehicles by 2030, supporting a broader goal of reducing emissions in the city’s transportation sector.

    Lees ook:

    Lees ook:

  • Motorbike dealerships offer steep discounts in post-Tet sales

    Motorbike dealerships offer steep discounts in post-Tet sales

    Dealerships are slashing the prices of numerous motorbike models to stimulate demand in the quiet post-Tet (Lunar New Year) season.

    Standard Honda Vision models are on sale for VND30 million (US$1,218.2) at some dealerships, down VND1-2 million from before the Tet holiday, which ran from February 8 to 14.

    Notably, all versions of the Honda Winner X have had their prices cut by VND3-5 million to VND31-36 million, nearly 35% lower than their suggested retail price of VND46-50 million.

    The 2023 Yamaha Exciter 155 VVA is currently subject to a VND5 million discount, while the Suzuki Raider and Satria have had their prices reduced by VND3-5 million at some showrooms.

    Dealerships are eager to offer more discount to boost sales and get rid of remaining inventory.

    The steep price cuts are necessary to spur demand as the motorbike market is usually inactive in the first quarter, especially after the Tet holiday.

    The market has also slowed in general as sales of motorbike decreased by 16.21% from 2022 to 2.51 million units last year, according to the Vietnam Association of Motorbike Manufacturers.

    The downtrend continued in January, with Honda Vietnam reporting motorbike sales of 227.560 units, down 0.8% from the previous month.

    Despite the slumping sales, Vietnam is still the second largest motorbike consumer in Southeast Asia, according to data recently published by market intelligence firm MotorCycles Data.

    Lees ook:

  • Motorbike sales decline in 2023

    Motorbike sales decline in 2023

    Vietnam Association of Motorcycle Manufacturers members sold 2.5 million vehicles in the domestic market last year, down 16.2% from 2022.

    Its five members are Honda, Yamaha, Piaggio, Suzuki, and SYM. They sold 634,688 motorcycles in Q1 of last year, 588,926 in Q2, 610,635 in Q3, and 681,963 in Q4.

    The Vietnamese motorcycle market also has other brands such as VinFast, Kymco, BMW Motorrad, Ducati, Triumph, Kawasaki, Royal Enfield, Harley-Davidson, KTM and Yadea.

    Within Southeast Asia, Vietnam has the highest motorcycle ownership rate at 72.8%, while Singapore has the lowest rate, at 2.4%, according to Seasia Stats, an integral part of the Seasia.co platform that provides statistical data and infographics.

    Lees ook:

    Lees ook:

    Lees ook:

  • Italian Motorcycle Makers Tease Indonesian Enthusiasts With New Models

    Italian Motorcycle Makers Tease Indonesian Enthusiasts With New Models

    Italian motorcycle manufacturers are hoping the release of new or updated models would be enough to reinvigorate interest among Indonesian enthusiasts and boost sales, which have been subdued in the past few years amid a weakening currency and slowing economic growth in Southeast Asia’s biggest economy.

    From household names such as Ducati, Piaggio and Vespa, to niche brands like Motto Guzzi and Italjet, displayed their latest models at the International Motorcycle and Accessories Exhibition in Milan last week. Thousands of visitors from across the globe, including a dozen importers from Indonesia, attended the world’s most famous exhibition dedicated to two-wheelers.

    Ducati featured the Panigale V4R, its latest road-legal competition bike, along with its new Hypermotard 950 and Diavel 1260. The company also introduced updated versions of its Scrambler and Multistrada ranges.

    Moto Guzzi showed off its new adventure bike, the V85 TT, while Vespa introduced updates to its GTS and Primavera ranges, while also launching a new electric scooter, the Elettrica.

    The new models have invoked confidence among importers looking at expanding the luxury motorcycle market in Indonesia after years of slowing demand.

    “We are ready to bring the new Ducati motorcycles to Indonesia, including the three new ones,” said Faby Tsui, marketing director of Garansindo Euro Sports, the sole authorized distributor of Ducati in Indonesia.

    Next year, the company plans to add three Ducati stores from just one currently in Jakarta. “We are looking at opening another shop in Jakarta, one in Surabaya and one in Bali,” Faby said.

    Italjet Moto, a small motorcycle manufacturer based in Castel San Pietro Terme in Bologna, aired a similar sentiment. The company has just revived its iconic Dragster scooter with a new sporty design unique to its class.

    “We would like to enter the Indonesian market. It’s an exciting market, which I believe has many scooter enthusiasts. Indonesia will be the first country outside Europe for us to market the Dragster,” Italjet Moto managing director Massimo Tartarini said.

    The company has also laid out a long-term plan for Indonesia, viewing it as a production base in the Asia-Pacific region.

    “We will start production in April or May next year. For the first year, we want to produce it in Italy. For the second year, we want to start manufacturing it in Indonesia for the Asia-Pacific market,” Tartarini said.

    However, some importers were less optimistic, pointing out that demand for luxury motorcycles has yet to return to what it used to be several years ago, when the Indonesian economy still enjoyed a windfall from a commodity boom and a strong currency.

    Indonesia’s imports of motorcycles, spare parts and accessories from Italy only amounted to $1.3 million last year, half what it was in 2012, according to data compiled by UN Comtrade, the commodity trade section of the United Nations’ statistics division.

    The Indonesian economy has yet to return to the growth levels of above 6 percent it used to see between 2010 and 2012. The rupiah now trades at 16,700 to the euro, having depreciated more than 36 percent from the 2012 level, according to Bank Indonesia.

    Meanwhile, Indonesia’s efforts to root out corruption have effectively curbed the practice among officials of collecting luxury motorcycles over the past few years.

    “I used to see government officials in store bringing all cash in backpacks to buy luxury motorcycles. Today it’s not the case anymore,” one motorbike importer said.

    Other importers pointed to the government’s recent decision to raise import taxes on luxury motorcycles and accessories as part of the country’s broader efforts to curb a widening current-account deficit.

    Many view the move was ineffective to achieve the goal, considering the relatively small size of the luxury motorcycle market in Indonesia. Italian motorcycles and accessories, for example, only accounted for a tiny part of Indonesia’s $535 million imports of bikes and accessories last year, mainly from China, Thailand and Vietnam.

    “We hope the tax will only be temporary and that conditions would return to normal soon,” Faby said.

    Lees ook:

  • Indonesia May motorbike sales up 15.2% yoy

    Indonesia May motorbike sales up 15.2% yoy

    Motorcycle sales in Indonesia rose 15.2% in May from a year earlier, data from an industry association showed on Monday.

    These sales are also the highest growth rate since August 2014.

    Sales stood at 531,496 motorbikes in May, up from 461,506 sold in the year-ago period.

    It was also higher than the 388,045 bikes sold in April. Motorbikes are hugely popular in Southeast Asia’s biggest economy and their sales are a key indicator of consumption.

    Sales in May were led by Honda Motor , Yamaha Motor Co Ltd and Suzuki, data showed.

  • 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.

    Lees ook:

    Lees ook: