Page 10 - Two Wheeler Market

Hero MotoCorp gains 3% on resumption of production at all facilities

A healthy monsoon and harvest season along with a rebound in GDP should aid the industry's recovery from Q2 onwards, Hero MotoCorp management said

Hero MotoCorp reports 35% slump in sales in April compared to prior month

The country's top two-wheeler maker Hero MotoCorp on Saturday said it has sold 3,72,285 units last month, down by 35 per cent from 5,76,957 units dispatched in March this year. The company said sales in April were subdued due to the temporary closure of plant operations and the retail outlets across several key territories in India on account of the impact of the second wave of COVID-19. The sales numbers of April 2021 were not comparable with the corresponding month of the previous year (April 2020), since no vehicles were manufactured and dispatched to dealers due to the nationwide lockdown after the outbreak of COVID-19, it added. The two-wheeler major further noted that in keeping with its commitment to the safety and welfare of its people and to break the chain of the spread of coronavirus, it has decided to extend the shutdown at its manufacturing facilities across India, its Global Parts Center (GPC) in Neemrana and the R&D facility the Centre of Innovation and Technology .

Strong order book to make FY22 a record year for exports: Bajaj Auto

Q4 earnings got a boost from higher realisation of exports and larger contribution of pricier models in overall sales

Despite tailwinds, margins to remain under pressure for Bajaj Auto

Rising exports, price hike, improving mix not enough to offset costs

Covid-19 impact: HMSI to temporarily shut 4 production plants from May 1

Honda Motorcycle & Scooter India (HMSI) on Thursday said it will temporarily shut its four manufacturing plants across the country for 15 days with effect from May 1, in view of the severe situation on account of COVID-19 second wave and subsequent multiple lockdowns across various cities. The two-wheeler major said it will utilise the production halt from May 1 to May 15, for its annual plant maintenance activities. "Depending upon the evolving COVID situation and the market recovery, the company shall be reviewing its production plan in the subsequent months," HMSI said in a statement. During the period, all Honda office associates will continue to work-from-home to maintain business continuity while extending all possible support to customers and business partners, it added. Only the essential staff will be working at all company plants and various offices across the country, the two-wheeler maker noted. HMSI has production facilities at Manesar in Haryana, Tapukara in ...

TVS Motor Company rallies 15% on better-than-expected Q4 show

The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and inter

TVS Motor domestic two-wheeler sales double to over 200,000 units in March

Firm posts healthy rise in sales across categories; posts robust export show as well

Launch of new Royal Enfield may help Eicher to grow: Analysts

The popular motorbike is expected to beat peers in the domestic market in FY22

Rev up the e-bike to save big on costs and do your bit for the environment

The future of EVs in India may ride on two-wheelers, which are getting electrified much faster than cars. These vehicles help you save nearly 40% on TCO or total cost of ownership

Bajaj Auto launches Platina 110 priced at Rs 65,920

Bajaj Auto on Thursday said it has launched 115-cc bike Platina 110 in the country priced at Rs 65,920 (ex-showroom)

Hero MotoCorp, Bajaj Auto offer steep discounts to push key segment sales

Move reflects sustained pain in world's largest two-wheeler market, as it covers two segments accounting for 75% of its size and comes despite spike in input costs

Success beyond software and services

India dominates the world market in motorcycles. What will it take to replicate this success in other industries?

Hero MotoCorp shares rise nearly 4% as sales rise in February

The two-wheeler maker reported rise in total sales during February

Expect double-digit volume growth in next 6 months on low-base effect: HMSI

Honda Motorcycle and Scooter India (HMSI) expects to log in double-digit volume growth in the ongoing quarter as well as April-June period of the next fiscal year

Suzuki Motorcycle India reports 5.4% rise in sales in February

The firm sold 71,662 units in February

Royal Enfield aims to claim pole position in mid-sized bikes globally

Its presence abroad currently is either through exclusive stores or multi-brand outlets; It now seeks to set up CKD units in priority markets in APAC and LatAm region

Two-wheeler makers plan to resume capital expenditure plans in FY22

This will come as a boost for the government, seeking private sector capex

Volume growth, market share gains key for Hero MotoCorp, going ahead

Its ability to make further inroads into premium bikes, scooters will be critical

Wardwizard builds 100,000 electric two-wheeler unit in Gujarat for Rs 45 cr

Company plans to launch four variants of high performance e-bikes at the plant, which is estimated to generate direct and indirect employment for 6,000 persons

Royal Enfield's wheels of fortune

Book review of Indian Icon: A Cult Called Royal Enfield