Page 4 - Two-wheeler Market

Two-wheeler sales dip in May due to weak wedding season; exports rise

Going against the trend, TVS reported that its two-wheeler sales registered a growth of 7 per cent, increasing from 252,690 units last May to 271,140 units in May 2024

Hero MotoCorp stock new records; tops Rs 5,000 mark, m-cap reaches Rs 1 trn

In the past one week, Hero MotoCorp has outperformed the market by surging 13%, against near 1% decline on the Sensex, after the company reported a stellar performance for the March quarter.

How DriveX is Revolutionizing the Pre-Owned Two-Wheeler Market in India

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Expect 2W industry to see double-digit revenue growth: Hero MotoCorp

The domestic two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta. The country's largest two-wheeler maker, which reported a total income of Rs 10,031 crore in the October-December quarter this fiscal, also expects the entry level segment to do better going ahead. "As far as the demand is concerned, as we have been saying, we do expect the industry to grow double digit on revenue in the coming year at the least," Gupta said in an analyst call. He noted that in the domestic two-wheeler space there is a shift taking place towards premiumisation with buyers looking for feature-rich trims. Gupta stated that the entry level bike vertical, which has seen muted sales over the last few years, is also on a recovery path. "So, it's not just about the top end of India which is growing, you can see aspirations of people growing," Gupta stated. He

TVS Motor vehicle sales grow 23% to 339,513 units in January 2024

TVS Motor reported a 23 per cent increase in vehicle sales to to 339,513 units in January. The company had recorded total sales of 275,115 units in January last year, TVS Motor said in a statement. Sale of two-wheelers registered a growth of 25 per cent with sales increasing from 264,710 units in January 2023 to 329,937 units in January 2024. Of this, domestic sales spiked 24 per cent to 268,233 units in the previous month, it said. In the two-wheeler segment, motorcycle volumes were up 29 per cent to 1,55,611 units from 1,21,042 units in January last year, it said. The scooter segment registered a growth of 24 per cent with sales increasing from 106,537 units in January 2023 to 132,290 units in January 2024, the company said. The company said in January, it also witnessed a 34 per cent year-on-year growth in electric vehicle sales at the at 16,276 units. According to the company, its total exports grew 22 per cent. Two-wheeler exports registered a growth of 28 per cent with sa

Passenger vehicle wholesales rise 4% to 286,390 units in December

Domestic passenger vehicle wholesales grew by 4 per cent to 2,86,390 units last month, the Society of Indian Automobile Manufacturers said on Friday. As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were 2,75,352 units in December 2022. Two-wheeler domestic wholesales stood at 12,11,966 units last month as against 10,45,052 units in December 2022, a growth of 16 per cent. Similarly, three-wheeler wholesales were higher at 50,537 units last month as compared to 38,693 units in December 2022.

India Yamaha Motor launches R3 and MT-03 as completely built units

Two-wheeler major India Yamaha Motor has launched its latest sports motorcycles -- R3 and MT-03 -- widening its product portfolio in the domestic market, the company said on Wednesday. The two products -- the track-oriented R3 and the street fighter MT-03 -- have been launched as part of the brand campaign -- The Call of the Blue -- and would be sold in the country as 'completely built-up units' (CBUs). "These two iconic motorcycles truly represent Yamaha's racing DNA and underscore the brand's unwavering commitment to advancing the premium motorcycle segment in the Indian market," a company statement said. The R3 motorcycle is priced at Rs 4,64,900 while the MT-03 is priced at Rs 4,59,900 (ex-showroom Delhi). Both motorcycles are exemplary specimens of Japanese technology and would be exclusively sold through select Blue Square dealerships in the country, the statement said. "As an integral aspect of the Call of the Blue Brand campaign, Yamaha is committed to strengthen its premiu

TVS Motor says aiming for bigger market share in premium motorbike segment

Two and three-wheeler manufacturer TVS Motor is aiming to capture a bigger market share in the premium motorcycle segment, an official of the company said on Wednesday. The company enjoys the number two position in the premium motorbike segment in India, which is growing at 10 per cent at present, he said. Motorcycles having an engine displacement of 150 cc and above are categorised in the premium segment. "We enjoy the number two position in the premium segment in the Indian motorcycle market. We aim to have a bigger market share in this category," Vimal Sumbly, head (premium business) of TVS Motor said. Launching the TVS Apache RTR 310 in Kolkata, Sumbly said the company now offers premium motorcycles ranging from 160 cc to 310 cc displacements. "Our aim is to increase the volume of the premium motorcycle segment in the country. Now premiumisation in the motorcycle segment is taking place at a faster pace with improvement in infrastructure and rise in disposable incomes," he tol

Mahindra and Mahindra, others to invest Rs 875 crore in two-wheeler unit

The 'Scorpio' car manufacturer, will invest 5.25 billion and the remaining will come from existing shareholders and new investors, Mahindra said in an exchange filing

TVS Motor launches new variant TVS Apache RTR 160 4V at Rs 1.34 lakh

Two and three-wheeler manufacturer TVS Motor has launched the TVS Apache 160 4V motorcycle equipped with Dual Channel ABS and Voice Assist, widening its product portfolio. The new bike, priced at Rs 1,34,990 (ex-showroom Tamil Nadu) was in line with TVS Motor's commitment to safety while experiencing the joy of riding a motorcycle. The bike was launched at the third edition of TVS Motosoul - the flagship motorcycle festival by TVS Motor in Goa. The occasion also marked the extension of TVS Motor and Petronas' collaboration for the next season. "The focus of the partnership will also be on introducing co-branded merchandise that aligns with the values and identity of both the brands.", a company statement said. TVS Motor Company entered into a partnership with Petronas in 2022 and has completed two seasons with 80 per cent wins across different race formats. The partnership would also focus on introducing co-branded merchandise. "TVS Motosoul is a platform that offers a complete

TVS Motor November sales: Total sales up 31% YoY to 364,231 units

TVS sold a total of 16,872 units of electric two-wheelers in November 2023 as against 10,056 units sold in November 2022

Two-wheeler volumes expected to grow by 4-7% this fiscal year: Report

Two-wheeler retail sales are expected to increase by just 4-7 per cent in volume terms in the domestic market this fiscal year despite logging strong growth in the festive period, according to a report. The festive season this year saw robust growth in two-wheeler retails aided by the upcoming wedding season and some recovery in rural demand, which supported sales growth in the entry-level (110 cc) segment, the report by rating firm Icra stated. The dealer inventory remained at near normal levels, with the OEMs (original equipment manufacturers) wary of a build-up in inventory at the dealerships, it added. "The industry is expected to record a moderate growth in volumes in FY 2024 (4-7 per cent) even as export volumes remain impacted by weak demand," Icra said. Elaborating on the passenger vehicles, Icra stated that the segment is expected to record a moderate growth in volumes in FY2024 (6-9 per cent) and reach an all-time high during the period. Commercial vehicle volume growth

Musashi targets 25% market share in EV transmission components by 2028

This investment will be used to establish new assembly lines for EV transmission components and to upgrade existing facilities

TVS Motor Company joins hands with Emil Frey for key European markets

This partnership signifies a significant step towards global expansion for TVS Motor Company, leveraging Emil Frey's extensive distribution network and deep market insights in Europe

Hero MotoCorp posts its best festive season with sale of 1.4 mn 2-wheelers

Riding on robust demand across rural markets as well as steady retail off-take in key urban centres, the company registered a 19 per cent growth over the festive season last year

Hero Moto records 15% retail sales growth in 17 days of festival season

High demand for entry-level vehicles in this period: CGO Ranjivjit Singh

Two-wheeler wholesales inch closer to pre-pandemic volumes in Oct: Report

Hero said it was optimistic about demand due to its premium model launches and the onset of the festive season

To encourage helmet usage, IRF submits proposal to make them GST-free

Section 129 of the Central Motor Vehicle Act, 1988 mandates the wearing of helmets for all two-wheeler riders

Triumph Scrambler 400 X debuts in India, check price, features, and more

Triumph Scrambler 400 X made its debut in India, and interested buyers can book their motorcycles with a refundable amount of Rs 10,000. Check all the features, specifications and price

Govt demands e-scooter makers return $60 mn aid for using China parts

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products