A snapshot of motorcycle and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 21 November 2025. BDN financial editor Roger Willis reports.
USA — TECH TURBULENCE SHAKES MARKETS
Turbulent trading hammered tech stocks intermittently throughout the week, with robust earnings for chip giant Nvidia overshadowed by fresh bouts of fears about excessive valuations for US artificial intelligence companies.
Wall Street market indices all finished on the back foot, led by a 2.8% decline for the tech-heavy NASDAQ Composite. Blue-chip S&P 500 stocks dropped 1.9% and the Dow Jones Industrial Average fell by 2%.
The S&P MidCap 400, where biker manufacturing stocks lurk, only dropped by 0.7%. But both Harley-Davidson shares and those of its LiveWire electric spin-off took a particularly severe spanking. The value of NASDAQ-listed Chinese electric delivery scooter brand Niu was also punished.
| Currency: dollar | Price | Week | Month |
| Harley-Davidson | 22.27 | -13% | -21.1% |
| Polaris Industries | 63.61 | -3.1% | +10.3% |
| Niu Technologies | 3.30 | -15.1% | -24.2% |
| LiveWire | 3.79 | -17.2% | +6.7% |
EUROPE — FOLLOWING AMERICAN FADS
Some of the same influences also scuppered trading on eurozone indices. The Dax Xetra in Frankfurt finished 3.3% in arrears, and Milan’s FTSE MIB was 3% down. Among biker-related stocks, only VW stayed marginally on the plus side.
| Currency: euro | Price | Week | Month |
| BMW | 85.08 | -1.2% | +4.8% |
| Volkswagen | 96.15 | +0.4% | +5.1% |
| Pierer Mobility | 16.24 | +1.2% | +15% |
| Piaggio Group | 1.78 | -3.8% | -11.9% |
JAPAN — INVESTORS GET THE WIND UP THEIR SKIRTS
Japan’s new lady prime minister, Takaichi Sanae, unveiled a huge $135bn (Y21.3tn) stimulus package designed to spur indigenous economic growth and shield voters from the rising cost of living. It included gas and electricity subsidies, as well as lavish handouts of both cash and rice coupons. Doubting media observers suspected she was having a “Liz Truss” moment. Heavy selling of the yen and bonds ensued, and the Nikkei 225 index, spanning stock markets in Tokyo and Osaka, dived by 3.5%. There was little impact on Japan’s automotive and motorcycle industries.
| Currency: yen | Price | Week | Month |
| Honda | 1538.50 | +1.2% | -3.5% |
| Yamaha | 1117.5 | +0.2% | -1.2% |
| Suzuki | 2358 | +0.2% | +2.7% |
| Kawasaki | 9996 | -5.1% | -13.7% |
INDIA — SMASH AND GRAB
Mumbai’s S&P BSE Sensex and NSE Nifty 50 market indices closed on marginal respective gains of 0.8% and 0.6%, with most indigenous motorcycle manufacturers booking modest advances. The 2% lift for Bajaj Auto masked a massive secret, however. Having employed long millions to rescue bankrupt Austrian KTM associate Pierer Mobility last year, Bajaj is about to swallow the business in its entirety, re-monikered as Bajaj Mobility. Details of the transaction are, as yet, unclear.
| Currency: rupee | Price | Week | Month |
| Hero MotoCorp | 6002.50 | +13.3% | +8.3% |
| Bajaj Auto | 8892.00 | +2% | -2.1% |
| TVS Motor | 3441.90 | -0.5% | -4.4% |
| Eicher Motors | 7134.50 | +3.6% | +4.3% |
| Mahindra | 3749.60 | +1.6% | +3.4% |
CHINA — DEAL OR NO DEAL?
A deathly hush has settled over the alleged trade agreement between US President Donald Trump and Chinese supremo Xi Jinping. In the past week, China’s key stock market indices — Shanghai’s SSE Composite and the Shanghai/Shenzhen blue-chip CSI 300 — have slumped, respectively 3.9% and 3.8% down. Investment activity among the ten listed Chinese motorcycle producers has also stumbled. Only one, CFMoto, registered a gain.
| Currency: yuan | Price | Week | Month |
| Qianjiang | 15.20 | -6.2% | -9.4% |
| Zongshen | 21.05 | -7% | -9.8% |
| Sundiro | 5.49 | -1.1% | -6.8% |
| CETC (Jialing) | 14.35 | -6.6% | +5.6% |
| Afari (Lifan) | 10.88 | -3.3% | -4% |
| Loncin | 13.04 | -0.9% | -3.2% |
| Linhai | 10.41 | -7.9% | -6.2% |
| Guangzhou Auto Group | 7.60 | -1.9% | -2.7% |
| CFMoto | 248.05 | +1.9% | +2.1% |
| Xinri E-Vehicle | 13.51 | -6.8% | +6.5% |