Bajaj Auto set to hike motorcycle prices
News from Indian Express:

Citing rising raw material costs due to the depreciating rupee, two-wheeler major Bajaj Auto today indicated that it may increase prices of its products.

“Definitely we are seeing a pressure on raw materials, because raw materials are usually corrected to the dollar rate. Some cost increases or price increases may be around the corner,” Bajaj Auto President, Motorcycle business, K Srinivas told reporters here.

The company had effected a price increase early this year, mentioning high input costs.

Srinivas said the motorcycle industry is already highly “localised” and that any imports by companies are partly due to cost advantage. “The day cost advantage vanishes, we will stop importing such stuff”, he said after unveiling the 125cc Discover ST, a more expensive model than the last one.

Bajaj Auto already has a 125 cc Discover priced at Rs 51,127. The new Discover ST comes at Rs 55,740 (ex-showroom Tamil Nadu) with new features like mono-shock suspension, a first in its category, he said.

Srinivas clarified that the new model was not an upgraded version of the previous model and both these models would be available in outlets simultaneously.

He said the 125cc motorcycle segment witnessed a 38 per cent growth last year and has become “one of the fastest growing” segments.

Last year, the industry grew by 12 per cent, he sai…………… continues on Indian Express

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A motorcycle ride and concert begins with registration at 1 p.m. June 23 at Fat Daddy’s, 1310 Hogansville Road. Cost for the ride is $ 25 per rider and $ 5 per passenger and includes entrance to the concert. The ride ends at the former Kirk’s Country Store, 33 Kirk Road, Franklin. The concert is at 5 p.m. next to Kirk’s Country Store and features the bands Trap County, The Barstool Prophets and 82mm. Concert tickets are $ 10. Raffle tickets for a 50/50 drawing are $ 5 and other raffles will be held. For information or to purchase raffle tickets, contact Randy Powell at 706-594-8029 or, or Celest Powell at 706-333-6861. Proceeds will be used for medical expenses for Kirk Abernathy, who fractured his spine in a car accident in October.

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