Royal Enfield may acquire Ducati, say reports but co denies move

Ducati is expected to fetch around Rs 10,500 crore from the deal

Royal Enfield is planning to buy Italian motorcycle brand Ducati, owned by German auto conglomerate Volkswagen, according to reports. However, the company has denied any such move, which may call for huge investment.

It may be noted that Reuters had earlier reported that Hero Motor Corp is looking at buying Ducati. However, according to a Times of India report, Royal Enfield has reportedly approached to acquire Ducati.

Ducati is expected to fetch a value of up to 1.5 billion euros (around Rs 10,500 crore) from the deal, while Royal Enfield had a reserve at the end of the financial year 2016-17 of