Royal Enfield recalls Classic 350 to fix brake issue
Royal Enfield has recalled 26,300 units of its 2021 Classic 350 to reinforce the brake reaction bracket of the swing arm for all units. The issue pertains to the brake reaction bracket, attached to the motorcycle swing arm used specifically on the 2021 single-channel ABS and rear drum brake Classic 350 motorcycles.
Royal Enfield claims that under specific riding conditions, it was discovered that exceptionally higher braking load applied on the rear brake pedal could lead to potential damage of the reaction bracket. This could further lead to unusual braking noise and potential deterioration of braking efficiency in extreme conditions.
The issue has been clearly isolated to the single-channel ABS, rear drum brake Classic 350 models, manufactured between September 1 and December 5, 2021.
The company and its local dealerships will reach out to consumers whose motorcycle Vehicle Identification Number (VIN)falls within the manufacturing period mentioned above. Consumers can reach out to their local Royal Enfield Workshops, or call 1800 210 007 to verify.
TVS Apache RTR 165 RP introduced
TVS has launched its first offering under its Race Performance sub-brand – the Apache RTR 165 RP. The bike is priced at ₹1.45 lakh (ex-showroom, India).
The most notable change on the model is the heavily reworked engine. It now uses a 164.9 cc, four-valve, single-cylinder engine that makes 19.2hp at 10,000rpm and 14.2Nm of torque at 8,750rpm. For reference, the RTR 160 4V makes 17.5hp at 9,250 rpm and 14.73Nm at 7,250rpm. The power figure of the RTR 165 RP is much higher than any other 160cc motorcycle on sale in India.
TVS has said the 165 RP features 15 % bigger valves controlled by Hi-Lift Hi-Duration cams and dual spring actuators for racier engine performance. Other changes come in the form of a revised bore stroke ratio of 1.37 that allows free-revving up to the redline and a new dome piston for a higher compression ratio.
The bike also gets a slipper clutch, adjustable brake and clutch levers. It continues to use the 5-speed gearbox. Other mechanical components like the frame and brakes appear to be identical to the RTR 160 4V. TVS has said The suspension has been retuned, but for this bike. It misses out on the adjustable suspension the RTR 200 4V is available with. At 148kg, it weighs 2 kilograms more than the rear disc brake-equipped RTR 160 4V.
While the design is the same as the RTR 160 4V, it does feature a unique colour scheme and seat cover. TVS has also said that the model will be limited to 200 units.
Rupee trades in narrow range in early trade against U.S. dollar
Forex traders said trading is likely to remain range-bound this week ahead of the year-end holidays
The Indian rupee was trading in a narrow range in morning trade on December 29 as muted domestic equities and firm crude oil prices weighed on investor sentiments.
At the interbank foreign exchange, the rupee started on a tepid note at 74.69 against the dollar. It traded in a narrow band of of 74.68 to 74.76 in initial deals.
On December 28, the rupee registered its ninth straight session of gain and surged 30 paise to close at a one-month high of 74.70 against the U.S. dollar.
On the domestic equity market front, the 30-share Sensex was trading 74.75 points or 0.13% higher at 57,972.23 while the broader NSE Nifty inched higher by 13.15 points or 0.08% to 17,246.40.
Forex traders said trading is likely to remain range-bound this week ahead of the year-end holidays.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell by 0.02% to 96.18.
Global oil benchmark Brent crude futures advanced by 0.20% to $79.10 per barrel.
Foreign institutional investors were net buyers in the capital market on December 28 as they purchased shares worth ₹207.31 crore, as per stock exchange data.
Calix Gains After Qualified To Join S&P MidCap 400
Calix, Inc. (CALX) shares are gaining on Wednesday morning trade as the company will replace CIT Group in the S&P MidCap 400 effective January 4. The shares have been on a bullish trend since December 13.
Currently, shares are at $77.53, up 13.13 percent from the previous close of $68.41 on a volume of 812,491. For the 52-week period, the shares have traded in a range of $28.58-$79.34 on average volume of 571,051.
Lawson To Merge With Two Of LKCM Headwater’s Portfolio Companies – Quick Facts
Lawson Products, Inc. (LAWS), and LKCM Headwater Investments, the private investment arm of Luther King Capital Management Corporation, announced the execution of merger agreements pursuant to which Lawson will combine in an accretive transaction on an adjusted basis with two of LKCM Headwater’s portfolio companies, TestEquity and Gexpro Services, in an all stock deal. Upon closing, Lawson’s capitalization is anticipated to consist of approximately 19.4 million shares, of which approximately 9.1 million shares, or 47%, would be held by existing Lawson shareholders.
All Lawson shares outstanding immediately before the completion of the merger will remain outstanding after the combination, and existing Lawson shareholders will continue to hold shares in the combined company.
Kawasaki Z900 price to be hiked from January 1
Kawasaki has announced a 2022 model, Z900 which gets a price hike effective from January 1. The inline four-cylinder model joins a number of other Kawasaki bikes, which are set to see their prices rise from the New Year.
The sticker price for the Z900 will go up from the current ex-showroom value of ₹8.42 lakh to ₹8.50 lakh. While there will be no mechanical changes to the bike, Kawasaki does say the Z900 gets a new colour scheme for the 2022 model, called Candy Lime Green.
The shade was already on the Z900’s brochure even when the model was reintroduced as a BS6-compliant machine in September last year. The full name of the new colour scheme is Candy Lime Green Type 3, which is where the secret lies.
While the old Candy Lime Green colour scheme features a green belly pan and front mudguard, with the frame painted in black, the new Type 3 version gets a black belly pan and front mudguard, and the frame painted in green. These are the most obvious ways to identify the new colour scheme, but keener observers will also notice slight revisions to the colours and graphics on the tank shrouds and the headlight cowl.
The Z900 will continue to be powered by a 948cc inline four-cylinder engine that puts out 125hp of power at 9,500rpm and 98.6Nm of torque at 7,700rpm.