Two-wheeler demand likely to remain tepid until festival season, says HMSI
Nomura said Hero MotoCorp will be hit hardest, with 99 per cent of its sales from sub-125cc bikes. Honda India follows at 89 per cent, TVS Motor at 86 per cent, and Bajaj Auto at 72 per cent.
Siemens is manufacturing locomotives for Railways at the national transporter's factory in Dahod
Say placing anti-lock braking system will put additional burden of about Rs 1.5 lakh per vehicle