Well said. I take great delight in the nationalistic pride that many Indians have. We could use a bit more of that here. In India the two wheeler market is enormous. North of 10,000,000 units a year. (that is not a mistake it is in the millions). They are also putting about 12,000 new cars a day on the roads in India. The numbers are staggering. Anyone that makes cars is in India.
Most of the bike manufacturers make over a million bikes a year. Most are 100-150cc. All are used as basic transportation. The Bullet is seen as a status symbol yet is affordable for the middle class. They only made 53,000 last year so we are only an asterisk when you see market penetration figures. We could make 200,000 bikes and still be tiny by comparison.
The entire concept of leisure biking is very new in India and RE is totally responsible for developing it. They currently own the market. They are also acutely aware that it is theirs to lose. Everyone else is trying to get a piece of the market including Harley, Triumph, Victory etc. They are fumbling at present. India is a unique market and is not like any other market in the world. However they will all figure it out sooner or later, Their bikes are expensive beyond reason given the trade restrictions but as they all start to manufacture there it will come down. If RE continues to improve and introduce new models they will continue to have a hometown advantage. They will have to earn it, but I think they will. The commitment and investment in both dollars and human capital is enormous. Who else in the world is expanding capacity as fast as they can?