Just thinking about the ‘revolt’ indian situation. As it appears...

Just thinking about the ‘revolt’ indian situation.

As it appears they are/will be an oem / ckd type client, probably more of a vmotosoco client than vmoto (or soco for that matter). Most of the profit would be at the manufacturing (vmotosoco jv) level.

If it gets real big a major benefit will be a reduction in the cost of parts because of larger order volumes at the vmotosoco level. Consequently margins for vmoto’s ex china sales and soco’s china sales. Win win for all.

I also figure global stimulus measures will see better developments in the areas of tariffs making (potential) international distributors even keener to get involved.

Cheers