A snapshot of motorcycle and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 24 October 2025. BDN financial editor Roger Willis reports.
USA — TEARING UP SOME TARIFFS
President Trump flew away to the Far East in Air Force One, ready to bend his knee to Xi Jinping, begging for a deal on access to rare earths from China. The mood in New York, closing on positive market indices, suggested that the Chinese would be ready to cooperate. The blue-chip S&P 500 and Dow Jones Industrial Average, respectively, finished 1.9% and 2.2% up. S&P’s MidCap 400 put on 2.3% and the NASDAQ Composite also added 2.3%.
On a lighter biker-oriented note, Polaris Industries’ share price continued to blossom, basking in the disposal of its Indian Motorcycle business, now hitting a 28.6% monthly gain. Stock in Harley-Davidson and its electric steed spin-off also enjoyed associated boosts.
| Currency: dollar | Price | Week | Month |
| Harley-Davidson | 28.21 | +5.5% | -1% |
| Polaris Industries | 70.85 | +6.5% | +28.6% |
| Niu Technologies | 4.38 | +4.2% | +1.4% |
| LiveWire | 5.67 | +11.6% | +7.8% |
EUROPE — WISHING LUCK TO TRUMP?
Worries about rare earth access also queered the eurozone’s automotive industries. Although Germany’s key Dax Xetra index in Frankfurt closed with an upbeat 1.7% rise, the FTSE MIB in Milan only managed a gestural 0.3% positivity. BMW and Volkswagen stock prices weakened. In Austria, the Wiener Börse ATX rose by 1.9% and KTM parent Pierer Mobility shares made a useful weekly advance.
| Currency: euro | Price | Week | Month |
| BMW | 81.16 | +1.2% | -2.5% |
| Volkswagen | 91.45 | -1.1% | -7% |
| Pierer Mobility | 14.12 | +5.4% | -11.2% |
| Piaggio Group | 2.02 | +2.5% | -1.9% |
JAPAN — THE FIRST LADY IN A FROCK TAKES POWER
Tokyo’s Nikkei 225 stock index bounced back with a strong 3.6% recovery, as Japanese prime ministerial candidate Takaichi Sanae finally won election to become her nation’s first skirt-wearing supremo. The share prices of all four of Japan’s motorcycling brands benefited mightily.
| Currency: yen | Price | Week | Month |
| Honda | 1594.5 | +5% | -2.2% |
| Yamaha | 1131.5 | +4.4% | +2.3% |
| Suzuki | 2296 | +3.9% | +7.6% |
| Kawasaki | 11582 | +19.1% | +22.5% |
INDIA — PAYING FOR FRATERNISATION WITH PUTIN
A fresh wave of US sanctions on Russian oil exports, to increase pressure on Putin’s aggression against Ukraine, hammered the Indian economy. India’s leading energy conglomerate Reliance announced that it would be obliged to “recalibrate” its purchases of Russian crude oil. Mumbai’s S&P BSE Sensex and NSE Nifty 50 market indices both fell to just 0.3%. And the share prices of India’s five motorcycle manufacturing majors all declined.
| Currency: rupee | Price | Week | Month |
| Hero MotoCorp | 5540.50 | -0.9% | +2.4% |
| Bajaj Auto | 9076.50 | -0.8% | +1.2% |
| TVS Motor | 3599.80 | -1.5% | +2% |
| Eicher Motors | 6840.00 | -2.9% | -1.9% |
| Mahindra | 3625.00 | -0.6% | +0.9% |
CHINA — TRADE TRUCE ON THE CARDS
According to US Treasury Secretary Scott Bessent, who has been doing all the back-door negotiations with the Chinese, the US now expects Beijing to delay crucial rare earth export curbs. Li Chenggang, the top trade negotiator in China’s delegation, has declined to comment on a possible delay but has admitted that Beijing and Washington have reached a “preliminary consensus” on export controls and a trade truce. So Trump’s 145% tariff wall imposed in April will probably die a quiet death.
A good sign was the surge in key Chinese market indices in the past week. Shanghai’s SSE Composite climbed by 2.9% and the blue-chip CSI 300 closed 3.2% up. Seven of the ten listed Chinese motorcycle producers also made share-price gains.
| Currency: yuan | Price | Week | Month |
| Qianjiang | 16.77 | +1.3% | -3.1% |
| Zongshen | 23.34 | -1.2% | -3.2% |
| Sundiro | 5.89 | +2.8% | +17.6% |
| CETC (Jialing) | 13.58 | +2.6% | -2.1% |
| Qianli (Lifan) | 11.33 | -0.5% | -1.4% |
| Loncin | 13.46 | -2.2% | +7.8% |
| Linhai | 11.10 | +6.8% | +3.7% |
| Guangzhou Auto Group | 7.81 | +1.3% | +0.8% |
| CFMoto | 242.99 | +4.2% | -9.8% |
| Xinri E-Vehicle | 12.68 | +4.9% | +3.3% |