Retrofit push targets India's 200 million ICE scooters; eyes expansion in Africa and Southeast Asia
Hero MotoCorp Q1 preview: Hero MotoCorp released robust July sales data on August 1. The company dispatched 449,755 units during the month, up 21 per cent from 370,274 units in July 2024.
The scooters will be manufactured by its EV subsidiary, Kinetic Watts and Volts Ltd (KWV).
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 ..
Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &
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