Page 3 - Two Wheeler Market

TVS Motor pops 14% in 2 days; Margin expansion may continue, say analysts

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.

Bajaj Auto gets mixed reactions from brokerages after muted Q3 results

Despite the strong export performance, the overall Q3 results were seen as somewhat lacklustre, leading to mixed reactions from brokerages

Bajaj Auto Q3 preview: 2W growth may aid revenue; PAT may rise up to 7% YoY

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 not luxury, tax cut needed to spur demand: HMSI official

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

Bain Capital buys minority stake in auto components firm Dhoot Transmission

Private equity firm says investment will help Aurangabad-based manufacturer to expand globally

Two-wheeler sales a mixed bag in December, stay on growth path in 2024

Manufacturers like Royal Enfield, Suzuki saw double-digit rise in sales last month

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

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

e2W companies charge up service network amid increasing complaints

Ather plans to convert all its 215 service centres into Gold service centres. Additionally, Ather's ExpressCare ensures vehicles are serviced and ready within 60 minutes

Festival season lifts retail auto sales by 12%, two-wheelers top demand

Dealers' association expects inventory to reduce, helped by sales during weddings

Festive season stabilises PV sales, 2Ws jump 14%; over 393K vehicles sold

PV, 2W segments post their highest-ever domestic sales on demand spurred by Dussehra, Diwali

Bajaj Auto Q2FY25 preview: Revenue may climb upto 25% YoY on strong volumes

Analysts are optimistic about major revenue growth for Bajaj Auto, driven by robust volume increases and effective pricing strategies.

Export of electric two-wheelers from India has lot of potential: Gadkari

Exports of electric two-wheelers from India has a lot of potential, specially to markets where Indian manufacturers are already selling conventional engine counterparts, Union Minister Nitin Gadkari said on Tuesday. Speaking at the launch of Revolt Motors' electric commuter motorcycle here, Gadkari said 50 per cent of motorcycles produced in India are exported and major players like Bajaj Auto, Hero MotoCorp, and TVS have a large presence in the international markets. The minister asked Revolt Motors to explore markets in the neighbouring countries as well as Africa and Latin America. Anjali Rattan, Co Founder and Chairperson of Rattan India Enterprises -- the promoter firm of Revolt Motors -- said the company has firmed up plans for exports to Sri Lanka to start with. The company is exploring export opportunities in Nepal, Africa, and Latin America as well. Revolt Motors on Tuesday launched its commuter bike RV1 with introductory prices of Rs 84,990 and Rs 99,990 for two variants

Hero MotoCorp up 3%, at record high on positive outlook; zooms 95% in 1 yr

Hero MotoCorp stands to gain with rural growth expected to drive up demand in the two-wheeler market, particularly in the commuter segment.

Bajaj Auto hits all-time high on strong demand outlook; zooms 145% in 1 yr

With rural recovery expected widely, the festive season is expected to further boost the performance of tw-wheeler players this year.

TVS Motor sales up 13% in Aug at 391,588 units; exports grow by 13%

TVS Motor Company on Sunday said its total sales increased 13 per cent year-on-year to 3,91,588 units in August as compared with the same month last year. The company had dispatched 3,45,848 units to its dealers in the same month last year, TVS Motor Company said in a statement. Total two-wheeler sales last month stood at 3,78,841 units as against 3,32,110 units recorded in August 2023, a growth of 14 per cent. Two-wheeler sales in the domestic market grew 13 per cent year-on-year to 2,89,073 units last month from 2,56,619 units in August 2023. Total exports registered a growth of 14 per cent with sales increasing from 87,515 units in August last year to 99,976 units last month.

Eicher Motors strong Q1 overshadowed by weak Bullet 350 sales, growth woes

The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.

Uptick in rural demand to propel two-wheeler industry: TVS Motor chairman

The domestic two-wheeler segment will continue on growth path in the current fiscal on the back of factors like normal rainfall and uptick in rural demand, according to TVS Motor Chairman Ralf Speth. Speaking at the company's annual general meeting (AGM), he noted that in partnership with BMW Motorrad, TVS will be working on design and development of additional new vehicles for the global markets. "With a young, intelligent, thriving workforce the nation is well-positioned to leverage its advantages. I am also convinced that India can benefit from major shifts in the geo-political, geo-economic, environmental and social landscape. India can go its own way. India can overtake," Speth stated. He noted that the company expects the domestic two-wheeler industry to continue to grow in FY25 on the back of strong economic indicators, including normal rainfall and uptick in rural demand. "Our focus on EVs - as one of our future growth enablers - fits perfectly with our 2030 vision," he ...

Bajaj Auto Q1 Preview: Two-wheeler maker may see revenue growth of 14-15%

Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.

Two-wheeler volume growth likely to drive profit for auto sector in Q1

OEMs may post 9-10% revenue growth for June quarter

Two-wheeler sales expected to sustain steady volume growth in FY25: Report

The two-wheeler industry is expected to sustain a steady volume growth this fiscal driven by improved domestic sales and good traction in executive and premium segment motorcycles, a report said on Monday. According to CareEdge Ratings, post-Covid, sales volume of two-wheelers had consistently declined during FY20, FY21 and FY22 before starting to recover from FY23, with sales momentum continuing in FY24 as well. "CareEdge Ratings anticipates two-wheeler sales volume growth to continue in FY25 and it would be more driven by improved domestic sales, higher EV sales, launch of CNG powered two-wheelers and good traction in executive and premium segment motorcycles," said Hardik Shah, Director at CareEdge Ratings. The growth in the two-wheeler segment in FY25 is also expected to be aided by the likely interest rate cuts in the second half of FY25, strong demand for new model launches coupled with recovery in exports from its low base and favourable monsoon which is likely to improve rur