Siddhartha Lal-led Eicher Motors is gearing up to make a binding offer to acquire the iconic Italian superbike Ducati for $1.8 billion-$2 billion, says an Economic Times report.
According to the paper, Eicher is currently finalising and structuring terms with global banks and consulting companies ahead of a bid deadline at the end of the month, quoting sources.
As per reports, in June US motorcycle maker Harley-Davidson and Bajaj Auto were learnt to be preparing bids for Ducati, which is being put up for sale by German carmaker Volkswagen whose Audi division controls Ducati.
Ducati on September 1 said it is aiming to grow by at least 18 per cent this calendar year and plans to open more dealerships.
“Last year, we sold 1,000 units and registered a growth of 18 per cent. We want to grow at least by that”, MD of Ducati India Sergio Canovas had said.
Ducati started operations in India from March 2015, he said, adding the company had been importing the bikes from Thailand with which India has a free-trade agreement (FTA).
Ducati has a range of 19 models from 800 cc to 1,299 cc. The Ducati range in India begins from Rs 7 lakh and extends to over Rs 1 crore.