INDE Racing Becomes First Indian Bike Racing Team To Finish Third In FIM E-xplorer World Cup
- By MT Bureau
- September 26, 2024
INDE Racing, the first Indian team to participate in the FIM E-xplorer World Cup, an electric off-road race, has scripted history by claiming third place in the competition in its debut season.
Sandra Gomez, INDE Racing’s female rider, was crowned the champion in Women's category with 271 points, while Spenser Wilton and Runar Sudamann finished third in the Men's category with 162 and 46 points, respectively. INDE Racing started the season on a high note, with a first-place result for Gomez and a fourth-place finish for Wilton in Osaka on February 16-17, followed by Gomez 's second straight podium finish in Oslo on May 3-4. Gomez and Wilton finished the season with two podium finishes in a double header at Crans-Montana on September 21st and 22nd. The team finished third in the tournament with a total of 479 points earned across four rounds. Bonnell and the Honda Racing Team finished first and second, with 498 and 490 points, respectively.
Wilton said, “Yesterday was a very good day for the team, we earned a men's P3 and a women's P1 and then we ended up clinching the third overall in the World championship. This is INDE’s first World Championship podium at the FIM E-xplorer, which is super cool. The track was rough, lots of rocks, but the team worked hard all weekend, and it was a full team effort to get a position on the podium.”
Gomez added,” The goal was to be involved and battle against the leading group in the last two races, and I am very happy with myself for having done that. The track was a lot more supercross than I am used to and I needed to give my everything. I got off to a good start in both the races and went on to finish first on the day before and second yesterday to win the overall championship.”
INDE Racing owner Abhishek Kankanala said, “We have about 300 million bikers in India and every young kid who gets a bike now dreams of racing with it. It's amazing that we have put together a team that they can cheer for because so far the teams Indians support have had no affiliation to the country. To finish third overall in our very first season and give them the opportunity to cheer for a team that truly belongs to the country is a special feeling.”
TVS Motor Co Reports INR 13 Billion Net Profit For Q3 FY2026
- By MT Bureau
- January 28, 2026
TVS Motor Company, one of the leading two-wheeler and three-wheeler manufacturers, has reported its highest quarterly revenue and profits for Q3 FY2026.
The operating revenue grew by 37 percent to INR 124 billion, compared to INR 90 billion in the same quarter of the previous year. The company’s Operating EBITDA grew by 51 percent to INR 16 billion, achieving a margin of 13.1 percent, Profit before tax grew 57 percent to reach INR 13 billion.
The company achieved total sales of 1.54 million units across two-wheeler and three-wheeler segments, representing a 27 percent increase. Within this volume, motorcycle sales rose by 31 percent to 726,000 units, while scooter sales grew by 25 percent to 614,000 units. International two-wheeler business saw a 35 percent rise, reaching 366,000 units. Three-wheeler sales doubled to 60,000 units from 29,000 units in the previous year.
Electric vehicle (EV) sales reached a quarterly high of 106,000 units, a 40 percent increase over the 76,000 units sold in the quarter ended December 2024. For the cumulative nine-month period, operating revenue stood at INR 344.63 billion, a 29 percent growth. Profit after tax for the nine months reached INR 26.25 billion, as compared to INR 18.58 billion a year ago.
For 9-months of FY2026 sales volumes for two-wheelers and three-wheelers reached 4.32 million units, up from 3.52 million units. This included 2.01 million motorcycles and 1.75 million scooters. Cumulative EV sales for the nine months rose to 256,000 units. The company continues to expand its international presence, with nine-month export volumes exceeding 1 million units.
- India Yamaha Motor
- Yamaha Motor India Sales
- Yamaha Motor Research & Development India
- Yamaha Motor India
- Inagaki Junpei
- Hajime Aota
Yamaha Motor India Restructures to Consolidate Operations
- By MT Bureau
- January 28, 2026
India Yamaha Motor (IYM) has announced a restructuring initiative to reorganise its corporate framework. The company currently operates through four entities: India Yamaha Motor (IYM), Yamaha Motor India Sales (YMIS), Yamaha Motor Research & Development India (YMRI), and Yamaha Motor India (YMI). Under the plan, YMIS and YMI will consolidate into IYM.
The transition brings sales, marketing, finance, administration and manufacturing capabilities under one structure. YMRI will remain an independent entity focused on engineering and mobility solutions. The restructuring aims to simplify operations, strengthen governance, and remove redundancies across the organisation.
Hajime Aota, Chairman of the YMIG Group, will also serve as Managing Director of IYM. Inagaki Junpei remains Managing Director of YMRI to lead the company's technology agenda.
The Japanese company has stated that the transition will not impact customers, partners, or employees. The move is designed to unify manufacturing and corporate operations while maintaining a research and development engine.
Mr Hajime Aota, Chairman of YMIG Group and Managing Director of India Yamaha Motor, said, “This transition reflects our strong commitment to sustainable growth and value creation. By aligning our structure with our long-term vision, we are empowering our teams to innovate faster and respond to market needs with greater agility. India is a key pillar in Yamaha Motor’s global strategy, and this initiative will help us strengthen our brand further, deepen market penetration, and reach a wider customer base”.
Suzuki Motorcycle India To Host Suzuki Matsuri In Hyderabad
- By MT Bureau
- January 24, 2026
Suzuki Motorcycle India (SMIPL), one of the leading two-wheeler manufacturers in the country, will host its motorcycling festival, Suzuki Matsuri, in Hyderabad on 25 January 2026. The event is scheduled to take place at the Chicane Circuit in Shameerpet and serves as a community platform for two-wheeler owners and enthusiasts.
The festival features track experiences where attendees can test the Suzuki V-Strom SX on an urban enduro course and evaluate the Suzuki Avenis for agility. The company will also display its product portfolio, including scooters, motorcycles, and big bikes. A central feature of the event is the Suzuki e-Access, the brand's first electric two-wheeler, which will be available for test rides and on-the-spot bookings with retail finance and rental options.
The Hyderabad edition marks the production of 10 million units by SMIPL. The company will honour the owner of the 10 millionth vehicle, a Suzuki Access, during the celebrations. Off-track activities include stunt shows by professional riders on Suzuki big-bikes, interactions with influencers and art zones featuring helmet and caricature artists.
Registered participants can access free service check-ups for their Suzuki vehicles and purchase official merchandise. The event includes lucky draws and a social media contest for attendees. Music performances by Dharmik, Threeory Band and DJ Kim are scheduled throughout the day.
Deepak Mutreja, Vice-President – Sales, Marketing, Suzuki Motorcycle India, said, “Following successful editions in Delhi, Bengaluru and Mumbai that attracted over 10,000 participants, we are excited to bring Suzuki Matsuri to the City of Nizams. Hyderabad has been home to an enthusiastic and fast‑growing riding community, and Suzuki Matsuri is our way of celebrating this spirit together. With multiple on‑ground activities, rider engagements and immersive entertainment, we look forward to offering customers and fans an unforgettable festival experience that reflects the energy and excitement of the Suzuki brand.”
Yamaha Issues Recall For 306,635 Scooters In India
- By MT Bureau
- January 23, 2026
India Yamaha Motor (IYM) has initiated a voluntary recall of 306,635 units of its 125cc hybrid scooter models. The campaign affects the RayZR 125 Fi Hybrid and Fascino 125 Fi Hybrid models manufactured between 2 May 2024 and 3 September 2025. The action is effective immediately and focuses on addressing a technical issue identified in the braking system.
The recall was prompted by a concern regarding the front brake caliper, which may exhibit limited function under specific operating conditions in certain units. To rectify this, India Yamaha Motor said it will replace the component at no cost to the owners of the affected vehicles. The work will be carried out at Yamaha showrooms across the country.
Owners can check if their vehicle is part of the recall by visiting the India Yamaha Motor website. Under the service and maintenance section, users are required to enter their Chassis Number in the 'Scooter 125' category to confirm eligibility and view instructions for the replacement process.
The company stated that the recall is part of its commitment to product safety and quality. There are no reports in the announcement of incidents resulting from the identified brake caliper concern.
According to the official communication from India Yamaha Motor: "Customer safety remains Yamaha’s highest priority. This voluntary recall has been initiated to address a potential concern wherein it has been identified that, under certain operating conditions, the front brake caliper exhibits limited function in select units of the RayZR 125 Fi Hybrid and Fascino 125 Fi Hybrid scooter models".

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