Supercross India Pvt Ltd (SXI), under the aegis of the Federation of Motor Sports Clubs of India (FMSCI), today, officially announced the handing over of the Memorandum of Understanding (MoU) for the exclusive commercial rights to launch the Supercross racing league. The league is titled Indian Supercross Racing League (ISRL). The MoU was handed over by Gautam Shantappa, Vice President and Sujith Kumar, Chairman of Supercross Racing Commission of the FMSCI, to the promoters of the league in a press conference held in Pune, India today.

Supercross (SX) is a motorcycle racing sport involving specialised high performance off-road motorcycles, with steep jumps and obstacles held on dirt tracks, while FMSCI is the governing body of motorsports in India, recognised by the Ministry of Youth Affairs and Sports, Government of India.

According to Supercross India, the team’s vision is to have a world-class Supercross sporting league in India, with participation from national and international racers. The team has entered into an exclusive agreement with FMSCI for a brand based SX league in India and has all the backing of the apex body for a pan-India league, with races held across major cities in India. Supercross claims that the main aim is to encourage participation from international and Indian riders, including women riders, and fostering their participation in the near future. The league will look at the development of the sport at a grassroot level, and will endeavor to bring India to the global forefront of motorsports.

Speaking on the occasion, Shantappa said, “The federation fully backs the SXI team and firmly believes that they would take the sport forward and elevate it to a new level. As the Vice President, I am confident that SXI and the FMSCI will work as a team and would make the league a huge success.”

Kumar further added, “I believe that with younger organisers coming into the sport, the future looks bright. I would like to state that it’s a matter of great happiness to see X-Racers coming back to the sport, playing different roles. I am proud to say that we, in India, have the first franchise-based supercross league in the world.”

Sharing his views on the league, Eeshan Lokhande, Director, Supercross India, said, “We are really excited to host the league, and we thank the entire team at the FMSCI for all the support. The league will pave the way for huge development in motorsports, and especially Supercross in India. We are confident that the league will present a major sporting spectacle in India, entertaining the Indian audience. We plan to put India on the Supercross map of the world, with the vision that Indian riders be on the podium of the global Supercross races in the future.”

Lokhande further threw light on his and his team’s journey in the domain of motorsports. He cited, “We three (Lokhande; Veer Patel, Director, Supercross India; and Aashwin Lokhande, Co-founder and Director, Supercross India) go a long way back. As kids, we started racing with a passion, which turned into winning championships and proving people wrong down the journey. We want to transform Supercross.”

“Covid-19 proved to be a bit on the positive side for us when we approached the federation, and had all their support,” Lokhande further averred, “The Indian Supercross Racing League will set a new benchmark. The league also envisions to open doors for a lot of international participation. While doing that, we will never forget our own talent here.”

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Carolwood LP has officially closed its agreement with Polaris to acquire the iconic Indian Motorcycle Company, which will now become an independent business.

The transition coincides with the 125th anniversary of the company, which also sees Mike Kennedy, a veteran of the motorcycle industry, take over as the Chief Executive Officer of the stand-alone entity.

The acquisition agreement includes the transition of approximately 900 employees to the new Indian Motorcycle Company. Manufacturing operations will remain at existing facilities in Spirit Lake, Iowa and Monticello, Minnesota.

Industrial design, technology and product development will continue at research and development centres in Burgdorf, Switzerland and Wyoming, Minnesota. Sales, service, and support for the dealer network and customers are expected to continue without interruption.

The company’s strategy involves concentrated investment in motorcycles, technologies, and craftsmanship. The executive emphasised a commitment to the brand's American manufacturing identity and its dealer partnerships.

Mike Kennedy, said, “It’s an incredible honour to take the helm of Indian Motorcycle as it celebrates its 125th Anniversary, empowered by a sense of gratitude and opportunity, and the support and ambition of a well-resourced, highly motivated ownership team. 2026 will be a special year to honour our history, but more importantly, to drive the brand into the future with a renewed level of commitment, focus and clarity that can only be found as a stand-alone company.”

The new leadership intends to focus on transparency and collaboration with its global dealer network, incorporating feedback into operations, marketing, and product development.

“We will achieve our vision through a deeper level of differentiation, leaning in on what makes our brand unique, and with products that possess a style, craftsmanship and performance quality that is uniquely justified by our historic legacy and spirit of innovation. Dealers are our most important partners, and we will judge our business based on the success of our dealers. We intend to be extremely collaborative with our dealers, actively listening to their feedback and incorporating it into our planning and decision-making, not only in terms of dealer operations, but also product development and marketing. America’s first motorcycle company will put America first. Our brand and business will be grounded in our American identity and more importantly, American manufacturing. ‘Built in America’ is not a slogan. It’s a competitive advantage, and we intend to use it,” added Kennedy.

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Bengaluru-based electric vehicle maker Ather Energy has posted its highest quarterly revenue to date, reaching INR 9.95 billion for Q3 FY2026, which marks a 53 percent YoY growth.

The company attributed the performance to sales volume growth as well as a rise in non-vehicle revenue. During the period, the company sold 67,851 units, a 50 percent increase YoY. Consequently, Ather’s national market share has expanded to 18.8 percent.

Ather Energy reported a narrowing of its EBITDA loss to INR 299 million, with the EBITDA margin improving by 1,600 basis points to (-3 percent). This progress is attributed to cost management and operating leverage.

Key Financial Data:

• Adjusted Gross Margin (AGM): INR 2.51 billion, up 111 percent YoY.
• AGM (Excluding Incentives): 23 percent, an increase of 1,100 bps YoY.
• Non-Vehicle Revenue: Contributed 14 percent to total income, led by software subscriptions, charging and services.
• Quarterly Loss Reduction: Narrowed by 45 percent compared to Q2 FY2026.

Tarun Mehta, Executive Director & CEO, Ather Energy, said, “Q3 has been a strong quarter for us. Robust festive demand, healthy volume growth, and improving market share together drove our best quarterly revenue and EBITDA so far. Over the past few quarters, we have stayed very focused on getting the fundamentals right by improving unit economics, margins, and operating leverage, and that effort is now clearly showing in the improvement in EBITDA. What is particularly encouraging is the strength of our ecosystem. AtherStack attach rates remain very high, and customer engagement is deepening even as our sales scale. All of this gives us confidence that the business is structurally prepared for sustainable, long-term growth.”

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Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan has reported wholesales of 125,786 units in January 2026, which marks a 15 percent YoY growth.

In the domestic market, the sales increased by 14 percent to 100,296 units, as against 87,834 units last year, while exports came at 25,490 units, up 21 percent YoY.

Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “The sales results for January indicate growing demand in both domestic and international markets. This momentum is supported by our ongoing focus on continuous customer engagement, after‑sales service enhancement, and network expansion. We will continue to invest in these areas to ensure that customers receive a seamless and reliable ownership experience throughout the year.”

Furthermore, the company reported INR 895.6 million revenue through spare parts sales, marking a 20 percent YoY growth.

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India Yamaha Motor (IYM), a leading two-wheeler manufacturer, has announced the price of its first electric scooter – the EC-06 – at INR 167,600 (ex-showroom Delhi). The e-scooter based on the River Indie will initially be sold in select cities through the company's Blue Square showrooms in a Bluish White colour.

The EC-06 features a 4kWh fixed battery paired with an Interior Permanent Magnet Synchronous Motor (IPMSM). It offers a certified claimed range of 169km on a single charge. It has a claimed top speed of 79 kmph, 6.7 kW of peak power, 26 Nm of torque and can be charged in 8 hours using a standard plug. It comes with 3 years or 30,000 km warranty for the battery.

The vehicle is built with IP67-certified protection for the motor and battery, while other electronics carry an IP65 rating for water and dust resistance.

The scooter includes three riding modes – Eco, Standard and Power – alongside a Reverse Mode. The chassis uses telescopic front forks with hydraulic dampers and a rear coil spring suspension. Braking is handled by 200mm discs at both ends, supported by a Combi Brake System (CBS).

For storage and technology, the EC-06 provides 24.5 litres of under-seat space and a colour LCD display. It integrates with the ‘Yamaha Motor Connect R’ app for real-time data access.

Hajime Aota, Chairman, Yamaha Motor India Group, said, “The EC-06 marks an important step in Yamaha’s journey toward sustainable urban mobility. As India accelerates its transition toward a carbon-neutral future under the government’s visionary leadership, Yamaha is proud to support this national agenda through high-quality electric innovation. Designed for everyday commuting, it balances efficiency with performance, offering an impressive range and intuitive features. As a first-of-its-kind model from Yamaha, it demonstrates how sustainability and riding excitement can coexist – true to our brand philosophy and our responsibility towards the future of India’s green economy.”

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