International sales were disappointing in the Sep 16 qtr and it appears that may also be the case in the Dec qtr. The increase in demand for high value, high performance electric two wheel vehicle products, that they mentioned in early Nov, must not have resulted in an increase in sales ?
Maybe VMT's bikes are not what the international market wants ?
Lets hope some of the new leads they got at Intermot result in new orders in FY17 otherwise FY17 may also disappoint.
From the 2 Nov 2016 announcement:
Is this VMT's high performance bike ?
V Series (max speed 65km/h, range 150-160km):
http://www.vmoto.com/products/detail.aspx?ProID=16
More bad news, page-11
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