Royal Enfield Enters Turkiye with K-Rides Motosiklet

By By Rediff Money Desk, NEWDELHI
Feb 16, 2024 18:07
Royal Enfield expands its reach with a partnership with K-Rides Motosiklet in Turkiye, offering a wide range of motorcycles including Bullet, Classic, HNTR, and more.
New Delhi, Feb 16 (PTI) Mid-sized motorcycle maker Royal Enfield on Friday announced its foray into the Turkish market through a distribution partnership with K-Rides Motosiklet ve Bisiklet San. ve Tic. A.S., a subsidiary of Kibar Holding.

K-Rides Motosiklet ve Bisiklet San. ve Tic. A.S. will be the official distributor partner in Turkiye.

The first flagship store is set to open in Istanbul this spring, Royal Enfield said in a statement.

Through the partnership a lineup of motorcycles including Bullet, Classic, HNTR, Meteor, Super Meteor, Interceptor, Continental GT, the new Himalayan and the Shotgun, featuring engine displacements of 350cc and 650cc will be sold in the country, it added.

"We are confident in their knowledge and deep understanding of the Turkish markets and with this association Royal Enfield will further strengthen its presence in the region's mobility sector," said Royal Enfield Chief Commercial Officer Yadvinder Sing Guleria.

Kibar Holding Chief Corporate Development Officer Gokhan Lokmanoglu said "the rising demand for motorcycles in Turkiye aligns perfectly with our mission to cater to and enhance the aspirations of the rapidly growing community of motorcycle enthusiasts across the country."

Lokmanoglu further said K-Rides would establish a comprehensive ecosystem that encompasses retail experience, aftermarket services, rides, and engaging community events.

Kibar Holding is involved in diverse industries such as metals, mobility, building materials & construction, packaging, energy, international trading and logistic services.
Read More On:
royal enfieldk-rides motosikletturkiyemotorcycledistribution partnership
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Farm-to-Fork Price Gap: Govt to Set Up Committee

India's Agriculture Minister announces committee to address the vast price difference...

Rabi Crop Output Target: India Aims for Record...

India aims for record foodgrain production in the 2024-25 rabi season despite...

HDFC Bank to Sell Shares in HDB Financial...

HDFC Bank approves the sale of Rs 12,500 crore worth of shares in its subsidiary HDB...

Dalmia Bharat Q2 Profit Down 60.2% to Rs 49 cr

Dalmia Bharat's net profit declined by 60.16% to Rs 49 crore in Q2 FY25 due to falling...

Punjab & Sind Bank Q2 Profit Surges 26% to Rs...

Punjab & Sind Bank's net profit jumped 26% to Rs 240 crore in Q2 FY25, driven by a...

uBreathe Raises Rs 24 Cr for Air Purifier Growth

Biotech startup uBreathe aims to raise Rs 24 crore to expand its air purifier product...

Vedanta to Invest Rs 1 Lakh Cr in Rajasthan:...

Vedanta plans to invest over Rs 1 lakh crore in Rajasthan across zinc, oil & gas, and...

UCO Bank to Raise Rs 2,000 Cr via QIP in Q3 |...

UCO Bank plans to raise Rs 2,000 crore through a qualified institutional placement...

UCO Bank Profit Jumps 50% to Rs 603 Cr in Q2

UCO Bank reported a 50% surge in net profit to Rs 603 crore in Q2 FY25, driven by...

UCO Bank Q2 Net Profit Jumps 50% to Rs 603 Crore

UCO Bank's net profit surged by 50% to Rs 603 crore in the second quarter, driven by...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com