Page 11 - Two-wheeler Market

Cabinet approves closure of loss-making Scooters India, says report

The company that manufactured famous scooters like Lambretta and Vijai Super will be shut down after the Cabinet gave its nod to a proposal to close the loss-making state-owned firm, sources said. The Cabinet Committee on Economic Affairs (CCEA) is believed to have given consent to shutting down of Lucknow-based Scooters India Ltd at its meeting on Wednesday, they said. The Scooters India brand name shall be sold separately as the company holds famous brands such as Lambretta, Vijai Super, Vikram and Lambro, shared an official. The company produces several types of three-wheelers under the Vikram brand. The government's go-ahead to the closure proposal paves the way for the Heavy Industry Ministry to begin the process of winding up of the firm. As per the proposed plan presented to the Cabinet, Rs 65.12 crore required for closure of Scooters India Limited is being sought as loan with interest from the Government of India, sources said. The proposal also entails offering voluntary

Honda Motorcycle announces its first-ever VRS amid weak two-wheeler demand

Scheme offered to the 40-plus or those with 10 years in the company

TVS Motor's two-wheeler sales up by 20% in December; exports up 28%

Motorcycle sales grew by 27%, recording 119,051 sold units in December 2020 as against 93,697 units in December 2019

Two-wheeler industry hopeful of growth in Q4 but wary of Budget: HMSI

The farmers' agitation and Budget are "sort of dark clouds" as the two-wheeler industry is hoping for a low single-digit sales growth in Q4 of 2020-21 on the back of a low base of previous year

Mahindra group rides Jawa back to its Czech homeland after a 90-year hiatus

The motorcycle was created by Frantisek Janecek in Prague, with the first model rolling out on October 23, 1929

Two-wheeler sales zoom in Oct in anticipation of a good festive season

Dealers fear a weak retail demand may lead to stock pile-up

Harley finds a ride: Hero Motocorp to help build, sell bikes in India

Under the agreement Hero Motocorp will produce and handle distribution and after-sales for Harley products

Bajaj Auto, TVS: How to trade two-wheeler stocks this festive season

Two-wheeler stocks such as TVS Motor, Hero MotoCorp, and Bajaj Auto were among the top gainers on the Nifty Auto index, surging up to 1.6 per cent in the intra-day deals on the National Stock Exchange

Ducati India commences pre-bookings for BS-VI version of Multistrada 950 S

The company is now accepting bookings for the all-new Multistrada 950 S for an initial amount of Rs 1 lakh, Ducati India said in a statement

Mopeds continue to shine in two-wheeler segment, sales up 20 % in September

During the April to September period domestic moped sales went down by 24.41 per cent to 251,166 units from 332,284 units

We expect to grow 15-20% this fiscal: Triumph Motorcycles' Shoeb Farooq

Firm plans to launch pre-owned vehicles in India next month. Today the brand has 7,000 customers here and the India Business Head says that would be good enough to start the programme

Bajaj Auto: Investors must wait for volume recovery before taking exposure

Double digit growth in exports and premiumisation trend in the domestic market are triggers

Covid-19 impact: Hero MotoCorp Q1 net profit falls 95% to Rs 58 crore

The company had posted a net profit of Rs 1,256.69 crore during April-June period of previous fiscal

Covid-19 impact: Suzuki Motorcycle July sales fall 50% to 34,412 units

The company had sold a total of 69,236 units in the same month last year

Bajaj Auto July sales drop 33% to 2,55,832 units, CV sales plummet 71%

Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent

Royal Enfield July sales fall 26% to 40,334 units, exports plunge 52%

Domestic sales were at 37,925 units, as against 49,182 units in the same month last year, down 23 per cent

TVS Motor July sales dip 10% YoY, total exports down to 62,389 units

Motorcycle sales were at 1,06,062 units last month, as against 1,08,210 units in July 2019, while scooter sales were at 78,603 units, as against 1,05,199 units in July 2019, the company said

Two-wheeler sales recovering across domestic, export markets: Bajaj Auto

In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year

Personal car, 2-wheeler preferred mode of transportation post Covid: Survey

The research shows that the pre-owned vehicle will see a good traction as 96 per cent of the respondents want to purchase used car

Motorcycle segment to outperform other auto verticals amid Covid-19: Fitch

'While we forecast that India's motorcycle sales will contract by 23.7 per cent year-on-year in 2020-21, we expect motorcycle production to contract by just 16 per cent year on year," it said