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Benelli enters into strategic partnership with Indian firm
Benelli, a global leader in the super bike segment, has announced a strategic partnership with Adishwar Auto Ride India-Mahavir Group, one of the leading automobile dealers in the country.
By
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migrator
Chennai
Reiterating its commitment to the Indian market, Benelli has also entered into Memorandum of understanding with the Telangana Government to set-up indigenous manufacturing plant in the state of Telangana, located at Medichal, Pochampally, Hyderabad.
A leader in the Super Bike segment, Benelli has a world-class range of products and unmatched after sales service.
George Wang, Director – Benelli said, “Our partnership with the Telangana Government and Adishwar Auto Ride India reassures our long-term goal and manufacturing of make in India super bikes. India has been the largest producers of two-wheeler in the world and we have witnessed a growing demand across categories including super bike. Over the years, Benelli has gained a leadership position in the Indian super bike segment with loyal customer base and the introduction of various products from time to time as per the market demand.”
“Currently, we have 21% market share in the super bike segment in India and our aim is to surpass 30% by 2021. We have also established robust after sales service in India to build a relationship of mutual trust and knowledge with our customers.” he further added Dante Bustos, Chief Marketing Officer, Global – Benelli said.
Metro Bikes raises $12.2 mn funding; rebrands to Bounce
Bike rental startup Metro Bikes has raised $ 12.2 million in series-A funding round led by Sequoia India and Accel Partners, and has rebranded itself as Bounce. Raghunandan G, founder of TaxiForSure, along with a consortium of other investors also participated in the funding round, the company said in a release. The company will use the funds to further scale its network across Bengaluru, invest in a robust delivery model through innovations in technology and develop a pan-India presence by expanding to all major cities by 2020, it added.
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