RELATED STORIES
Shinji Aoyama, chief officer, regional operations (Asia & Oceania), Honda Motor Company on Wednesday said Honda could overtake former partner Hero to become the largest two-wheeler maker in India by 2020. Aoyama said, "2020 could be a possible year for us to become number one." Honda Motorcycle & Scooter India (HMSI) on Wednesday commissioned the fourth assembly line at its manufacturing facility in Narsapura (Karnataka) turning it into the largest plant among Honda's two-wheeler operations globally. The Narsapura plant can produce 2.4 million two-wheelers annually. With this latest capacity expansion of 600,000 units, HMSI now has totalled annual production capacity of 6.4 million units across four plants in Haryana, Rajasthan, Gujarat and Karnataka. India now has become the largest production hub for two-wheelers for Honda globally. In terms of sales, India overtook Indonesia to emerge as the largest market for Honda's two-wheeler operations last fiscal. India contributed 28% to Honda's global two-wheeler sales in the last financial year. Aoyama informed, "The growing Indian 2W market is top priority for Honda. To better meet dynamic market demand and to prepare for future opportunities, today Honda has inaugurated the fourth assembly line in Karnataka plant. Aoyama informed, "The growing Indian 2W market...
Since Bedrock Real Estate purchased The Detroit News building in 2014, the company has gutted the structure and created a modern workspace with custom-designed furniture by local craftsmen Who isn't interested in seeing what the new owners do to your house after the sale? A visit last week to the old Detroit News building on West Lafayette led to one simple conclusion: Wow — they’ve done a lot, from custom-made furniture to a historically restored lobby and fun newspaper allusions throughout the building design. “We’ve had a blast designing the space,” said furniture designer Chrissy Fehan of dPop, the outfit that does interiors on all buildings renovated by Dan Gilbert’s Bedrock real-estate empire.It’s great to have a client who lets us do these things.” Specially designed banquettes? A conference table with seats on swings? Floors completely cleared of all walls and barriers? Old George G. Booth’s head must be spinning. News Publisher Booth hired his friend Albert Kahn in 1916 to design the blocklong building, which the newspaper occupied until several years ago when the landmark was sold to Bedrock. In 2014, The News and the Detroit Free Press, which moved into the bottom floors in 1998, relocated to Minoru...
Electric bike market advisers eCycleElectric have concluded that the U.S. market for pedal assisted bikes could have grown year-on-year by as much as 70% in 2016. The consultancy run by Patrick and Ed Benjamin has crunched the numbers and believes that the U.S. imported a minimum of 196,000 and likely as many as 251,000 units in 2016. A further 15,000 are believed to have been built domestically by assemblers, putting the firm’s low estimate at 211,000 units. Ed Benjamin told CyclingIndustry.News: “Due to complexities in tracking these numbers, we suspect that the actual number may 20% higher, thus giving us our upper-limit figure of 251,000 units. That would represent a 70% increase.” Speaking on the difficulties of tracking the market’s exact figures, Benjamin said that without a specific HS code, something which pedal assist bikes lack at present, records are harder to define. “This leads to a tedious process of evaluating thousands of individual records, one at a time, by hand. Such a process is subject to both human errors and definition confusion; many products that would not be conventionally regarded as an “electric bike” may be listed as such, or in similar terms,” offers Benjamin. “Our figure of 40,000...
Louis J. Erickson co-founded the company with me in 2000. We each own 50% of the company. I am the Chief Executive Officer and he is the Chief Operations Officer. Louis and I have been best friends for over 30 years.