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Royal Enfield Manufacturer Eicher Motors to Make $1.8-$2 Billion Binding Takover Bid For Ducati

The logo of Royal Enfield. (Image: Reuters)

The logo of Royal Enfield. (Image: Reuters)

Eicher is currently finalising and structuring terms with global banks and consulting companies ahead of a bid deadline at the end of the month

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India's Eicher Motors Ltd, the maker of Royal Enfield classic motorbikes, is set to make a binding takeover bid for Italian motorcycle manufacturer Ducati for $1.8 billion-$2 billion, the Economic Times daily reported on Thursday.

Eicher is currently finalising and structuring terms with global banks and consulting companies ahead of a bid deadline at the end of the month, the paper said, quoting unnamed sources.

Sources told Reuters in June that U.S. motorcycle maker Harley-Davidson and India's Bajaj Auto Ltd were among companies preparing bids for Ducati, which is being put up for sale by German carmaker Volkswagen.

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