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.
The volume uptick was led by product interventions at attractive price points and brand activation and marketing efforts
On the bourses, Hero MotoCorp shares were in demand, with the scrip rising up to 2.70 per cent to hit an intraday high of Rs 3958.40 per share.
Sets price band of Rs 304-321 per share for IPO which opens on April 28
Hero MotoCorp maintained its leadership in the two-wheeler retail sales last fiscal with sales of over 54 lakh units amid enhanced competition in the vertical, as per the latest FADA data. Honda Motorcycle & Scooter India took second spot with sales of over 47,89,283 units. Hero MotoCorp sold a total of 54,45,251 units last fiscal with a market share of 28.84 per cent as compared with market share of 25.37 per cent for the Japanese two-wheeler maker, according to the automotive dealer' body FADA. TVS Motor company secured third position last fiscal with sales of 33,01,781 units, achieving a market share of 17.49 per cent. Overall, two-wheeler registrations rose 8 per cent to 1,88,77,812 units as compared to 1,75,27,115 units in 2023-24. In the passenger vehicle segment, Maruti Suzuki India continued to lead comfortably with retail sales of 16,71,559 units, registering a market share of 40.25 per cent. The auto major had sold 16,08,041 units in FY24 with a market share of 40.6 per
The Chetak was originally introduced in the 1970s, when it had a strong presence in the Indian scooter market for several decades
From premium electric motorcycles to mass-market scooters, manufacturers are rapidly expanding their portfolios to capture a larger share of the booming market
Italian superbike maker Ducati plans to introduce its motocross bikes in the Indian market next year as it looks to further strengthen its product range in the country, a top company executive said Wednesday. The company has multiple products lined up, including upgraded versions of the existing nameplates, for the Indian market. In an interaction with PTI, Ducati India Managing Director Bipul Chandra said the company will introduce new variants of Scambler, Multistrada, among other models. "And then in 2026, we will see the company launch the motocross bikes. We have already started taking part in the competition globally, and we have started winning them. So we are very excited about that. That's a new segment we shall be entering," Chandra stated. Ducati on Wednesday introduced the all-new 2025 Panigale V4 in the Indian market. The two trims of the model - V4 and V4 S are priced at Rs 29.99 lakh and Rs 35.6 lakh, respectively (ex-showroom). Chandra said the demand for ...
KTM AG filed for court restructuring proceedings with self-administration on November 29, 2024
Delinquency in the 31-90 DPD category increased to 4 per cent in September 2024, up from 3.3 per cent in September 2023
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
In January 2025, the company recorded sales of 397,623 units, a 17% increase compared to January 2024. The two-wheeler segment saw a strong 18% growth, with domestic 2W sales up 10%
The sharp rise in Eicher Motors share price was fuelled by healthy auto sales data in January, coupled with robust outlook, analysts said
TVS Motor reported a 4.2 per cent Y-o-Y increase in standalone net profit at Rs 618.5 crore, as against Rs 593.4 crore in Q3FY24.
Despite the strong export performance, the overall Q3 results were seen as somewhat lacklustre, leading to mixed reactions from brokerages
On the bourses, Bajaj Auto shares settled 0.28 per cent lower at Rs 8380.35. In comparison, BSE Sensex closed 1.08 per cent lower at 75,366.17, on January 27, 2025
Two-wheelers are a necessity and not luxury in the current Indian context and taxes on these vehicles must be reduced as the industry is staring at a single-digit growth next fiscal with affordability becoming an issue, according to a senior executive of Honda Motorcycle and Scooter India. There is also a requirement for income tax rationalisation to enable middle-income people start spending again, Honda Motorcycle and Scooter India (HMSI) Director Sales and Marketing Yogesh Mathur told PTI in an interview. In the ongoing fiscal, motorcycle sales have not done as well as the scooter segment due to softness in demand from rural market, due to a variety of factors including delayed monsoons, he added. "From the rationalisation of GST (point of view), we have been requesting the government to really take care of (it) because two-wheelers are actually not a luxury. It is a necessity for our people to commute," Mathur said when asked about demands from the industry for a cut in taxes on
Private equity firm says investment will help Aurangabad-based manufacturer to expand globally
Manufacturers like Royal Enfield, Suzuki saw double-digit rise in sales last month
Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota