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Honda Reports Q1 2013-2014 Results

Honda reported sales of 4.05 million motorcycles over its first quarter ended June 30, 2013, a 3.7% increase from the 3.91 million motorcycles sold in the same period last year. The increase in motorcycle sales resulted in 396.8 billion yen (US$4.04 billion) in sales revenue, a 14.4% increase on 346.6 billion yen in revenue reported in the same quarter the previous fiscal year. Overall, Honda‘s reported a combined revenue of 2.83 trillion yen from all its operations, a 398.1 billion yen improvement from last year.

Yamaha Planning Sub-$500 Model to Undercut Honda Dream Yuga

Not long after Honda launched its ultra low-cost Dream Yuga in India, Yamaha announced it is considering a new own model that will be nearly 40% cheaper. The 109cc Dream Yuga is Honda‘s latest weapon in the battle for India’s 13-million unit per year motorcycle market. Priced at 44,642 Indian rupees (US$806), the Dream Yuga is the most affordable Honda model available in India.

Team Mugen Returning to TT Zero with Shinden 2

Noted Honda tuner Mugen announced it will compete in the 2013 TT Zero on the Isle of Man with an updated version of its Shinden electric sportbike. Mugen entered the Shinden at last year’s TT Zero, with Isle of Man veteran John McGuinness finishing second with an average speed of 102.215 mph. Team Mugen managed to break the 100mph barrier but fell short to the race winner Michael Rutter who rode the MotoCzysz E1PC.