The divestiture comes at a time when Polaris is looking to streamline operations as it grapples with weak consumer demand and tariffs
The Indian two-wheeler industry is witnessing a ride towards the premium segment, like other consumer sectors in the country, with the market share of premium motorcycles increasing to 19 per cent last fiscal and expected to touch 22 per cent by 2030, according to Crisil Intelligence. The market share of premium motorcycles -- engine capacity greater than 150 cc -- increased to 19 per cent last fiscal from 14 per cent in fiscal 2019, with their volume rising to 23 lakh units from 19 lakh units, it said in a statement. On the other hand, the market share of economy motorcycles declined to 46 per cent last fiscal from 62 per cent in fiscal 2019, with volume shrinking to 56 lakh units from 84 lakh units, largely due to weak rural demand and an increase in prices, it added. Interestingly, premium motorcycle sales surpassed the pre-Covid level by 22 per cent last fiscal, while sales of overall two-wheelers stood at 94 per cent of the pre-pandemic level and total motorcycles at 90 per ..
Mid-size motorcycle maker Royal Enfield on Tuesday reported a 34 per cent jump in total sales at 1,01,021 units in March, as compared to 75,551 units in the same month last year. Domestic sales were at 88,050 units last month, as against 66,044 units in March 2024, up 33 per cent, Royal Enfield said in a statement. Exports grew by 36 per cent at 12,971 units, as compared to 9,507 units in the year-ago month. In the fiscal 2024-25, the company said it posted its highest-ever annual sales crossing the 10 lakh units mark. The company's total sales in FY25 was at 10,09,900 units, as against 9,12,732 units in FY24, up 11 per cent, it said. Domestic sales in FY25 was at 9,02,757 units, as against 8,34,795 units in FY24, a growth of 8 per cent. Exports grew by 37 per cent at 1,07,143 units in FY25, from 77,937 units in FY24, the company said. "This year has been nothing short of extraordinary for Royal Enfield. Crossing the 1 million annual sales milestone, our highest ever, is a testa
While domestic 2W will grow by 7-8 per cent (13 per cent up in motorcycle volumes in FY25 till August), there's weakness in the 100cc segment with low single-digit growth
This is part of the larger strategy to strengthen presence in the premium segment where rival Bajaj Auto and Royal Enfield have a stronghold and in which even TVS Motor Co is making rapid strides in
RattanIndia Enterprises said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternative vehicles
The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets
Indian Motorcycle is seeking to replicate the growth in India which it has witnessed in other global markets, and expects to garner 25-30 per cent market share in the premium motorcycle segment
In a first, Indian Motorcycle launches leasing facility in India for its bikes
Besides, the super bike maker announced a tie-up with Orix India to offer its models on lease
A wholly-owned division of Polaris Industries, it is present in the 1,200-cc and above super bike segment in India and sells nine models