Page 2 - Motorcycles

Royal Enfield reports 34% jump in total sales at 101,021 units in March

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

Hero MotoCorp eyes double-digit revenue growth next fiscal: CFO Anand

The country's largest two-wheeler maker Hero MotoCorp expects double-digit revenue growth next fiscal riding on the back of continued investments on new products and segments, according to Chief Financial Officer Vivek Anand. The company, which reported a revenue of Rs 10,260 crore for the December quarter, also anticipates a double-digit revenue growth in the current fiscal. "This year, the guidance we have given is for double-digit revenue growth. Looking at our first nine months performance and looking at how this quarter (fourth) has started, we believe that there will be a repeat next year, a double-digit revenue growth," Anand said in an analyst call. The company's consolidated revenue from operations for FY24 stood at Rs 37,789 crore as compared with Rs 34,158 crore in FY23. On the business outlook, he noted that the company would continue its investments behind new products and segments. "We remain consistent in our commitment towards investing behind the premium and EV ..

Hero MotoCorp Q3 Preview: Net profit may climb up to Rs 1,130 crore YoY

Hero MotoCorp is expected to report a steady performance for Q3FY25, with revenue growth driven by higher average selling prices (ASPs) rather than volume growth, analysts said

Riders on the storm: Indian biking comes into its own as riders hop on

With the advent of a slew of foreign makes, Indian bikers are now spoilt for choice, and the growing numbers of riders point to the emergence of a proper riding culture in the country

Hero, Harley-Davidson extend ties to expand X440 and build new bike

Hero MotoCorp and Harley Davidson collaboration, ongoing since 2020, will cater to domestic and selected international markets

Hero's Vida V2 launch intensifies competition in sub-Rs 1 lakh EV market

Data from the Federation of Automobile Dealers Associations (FADA) shows that electric two-wheeler retail sales increased from 65,554 units in April to 1,39,159 units in October

Startups are like upstarts, they end up burning strategy: Rajiv Bajaj

The biggest difference between established brands and many startups and is while the former build strategy, brand, and technology, the latter are more like upstarts that end up burning the same things, Bajaj Auto Managing Director Rajiv Bajaj said on Thursday. "There are three terminologies here. Startup; then there is a word which I like to call most of them, which is upstart. Then us, the winners or the champions," Bajaj said while speaking at the CNBCTV18 Global Leadership Summit here. He said those who enter a market without a strategy are "upstarts" and end up burning everything -- from their brand and technology to products. "Upstarts are those who don't have a build-strategy. They have a burn strategy. They burn technology -- their batteries. They burn brands by reducing price every month. They burn products in their factory, in the trucks, at the dealerships, on the road," he said. On the contrary, he said, "startups are those who have built a strategy. They build technolog

Royal Enfield announces first manufacturing unit, showroom in Bangladesh

Facility will assemble four models of the Indian motorcycle maker

Royal Enfield initiates global recall over safety issue with reflectors

Although there have been no major incidents reported, Royal Enfield is recalling these motorcycles as a precautionary measure to maintain high safety standards

Pritika Group eyes Rs 950 cr sales in 3 years with order book of Rs 650 cr

Engineering and automotive components maker Pritika Group is eying Rs 950 crore sales in next three years on the back of strong order book of Rs 650 crore. This growth plan is driven by rising demand in the engineering and automotive components industry, a company statement said on Monday. "We target to achieve sales of about Rs 900 crore to Rs 950 crore, with a PAT (profit after tax) margin of 7-10 per cent in the next three years," said Harpreet S Nibber, Managing Director, Pritika Engineering Components Ltd. Building on a strong performance in financial year 2023-24 and a robust start in the April-June quarter of FY25, the company aims to capitalize on the rising demand in the engineering and automotive components industry, he added. Pritika Group has demonstrated strong financial performance in the past fiscal year, FY2023-24, it said. Pritika Auto Industries Ltd reported a consolidated total income of Rs 343.71 crore in the last fiscal, a year-on-year growth of 15.74 per cent

Mahindra-backed Classic Legends' Jawa 42 FJ enters neo-classic market

The introduction of the Jawa 42 FJ is part of Classic Legends' broader strategy to expand and strengthen its presence

3 dead, 3 others injured after overspeeding car overturns in Mumbai

The deceased have been identified as Pramod Shankar Prasad (25), Harichandan Dillip Das (23) and Hussain Sheikh (40)

Honda Shine revs past Bajaj Pulsar as second best-selling motorcycle

Unicorn's sales swelled 117.6 per cent Y-o-Y to 163,090 units in the January-July period this year, making it the ninth best-selling motorcycle model in the country

YEIDA offers 200 acres to Ducati for India's first motorcycle race track

Italian motorcycle manufacturer Ducati is considering building a dedicated motorcycle racing facility in the state, with the potential to attract international motorsport events

Hero MotoCorp to raise prices of few models by up to Rs 1,500 from July

Hero MotoCorp on Monday said it will hike prices of select motorcycle and scooter models by up to Rs 1,500 with effect from July 1, 2024 in order to partially offset the impact of higher input costs. The price revision will be up to Rs 1,500 and the exact quantum of increase will vary by specific model and market, the country's largest two-wheeler maker said in a statement. "The revision has been necessitated to partially offset the impact of higher input costs," it added. Hero MotoCorp sells a range of bikes including high selling Splendor range, HF Deluxe and Glamour. Scooter range includes Xoom and Destini 125 XTEC. Shares of Hero MotoCorp were trading 0.46 per cent up at Rs 5,477.20 apiece on the BSE.

Hero MotoCorp and Harley Davidson may bring more US motorcycles to India

The market for premium motorcycles in India is expanding, and US-based two-wheeler maker Harley Davidson is keen on more joint ventures with Hero MotoCorp

Harley-Davidson motorcycles launched in India, prices begin at 13.39 lakh

Harley Davidson and Hero MotoCorp announced prices of the upcoming motorcycles in India. The motorcycle price begins at Rs 13.39 lakh (ex-showroom)

WATCH: 28 bikers arrested for rash driving, performing stunts for reels

Group was driving recklessly in heavily protected central Delhi to get social media attention, say the police

Ducati releases date to launch Streetfighter V4 S in India, check details

Ducati to launch Streetfighter V4 S in India on March 12, 2024. The motorcycle will come with a Desmosedici Stradale 90-degree V4 liquid-cooled engine

Kawasaki Ninja 500 launched in India, price begins at Rs 5.24 lakh

The much-awaited Ninja 500 has been launched in India. The new Ninja 500 will replace its predecessor Ninja 400. The price of Ninja 500 begins at Rs 5.24 lakh