Page 5 - Two-wheeler Market

EV two-wheeler sales dip 56% in June on FAME-II subsidy cut: Fada

Interestingly, the share of EVs in the overall two-wheeler sales for the month was seen at 3.5 per cent, compared to 7 per cent in May 2023 and 3.6 per cent in June 2022

June sees e-two-wheeler registrations fall sharply across all players

Drop 60% over May record of 105,348 units

Effect of subsidy cut? Daily e2W sales decline 62% in June, so far

Though industry players feel the subsidy cuts will help the sector in the longer run, e2W players who have raised the prices of their vehicles are worried about their near-term future

Triumph launches its Street Triple; prices start at Rs 10.17 lakh

The Triumph Street Triple comes powered with a liquid-cooled, 765cc, three-cylinder engine which produces 120hp and 80 Nm of peak torque

Hero MotoCorp to open 100 exclusive stores for premium models in FY24

The chip supply to Indian auto companies has improved in the last few quarters, but it is yet to reach pre-pandemic levels

Electric E2W manufacturer Hero Electric to go public by FY26: CEO

To target 2 million vehicle sales before listing

Focusing on budget-oriented buyers, Ather to launch 450S to gain mkt share

The new electric scooter is likely to miss on features like the 7-inch TFT touchscreen and auto-hold. The feature of riding modes may also be omitted to bring costs down

April auto retail sales drop of 4% on decline in two-wheeler demand

Fall in passenger vehicle sales after eight months was another factor behind the overall decline

Price hikes to favor Hero Moto's Q4 revenues; margins may expand: Analysts

At the bourses, shares of Hero MotoCorp have declined over 8 per cent so far this calendar year (CY23), as against 0.8 per cent rise in the S&P BSE Sensex

TVS Motor sees highest domestic growth among major two-wheeler makers

Entry-level two-wheelers saw a muted growth for the last several quarters due to factors such as inflation and high acquisition cost

Two-wheel rides saddle up: Growth recovery, valuations to kick-start gains

Eicher hot on the trail of TVS, which is a top pick of most brokerages

Going green: Electric vehicle sales cross the 1 million mark in FY23

Electric two-wheeler segment leads the way with 61 per cent share in total EV sales

Two-wheeler manufacturers see rise in sales in March on festive demand

Among passenger vehicles, Maruti Suzuki saw a 0.8% decline in domestic sales, while Tata Motors reported a 4.1% jump in sales

Two-wheeler electric vehicle sales may fall short of 1-million target

Still FY23 sales figure, so far, is up 146%; FY24 outlook is bright, say experts

Two-wheeler electric vehicle sales in India to reach 22 mn by 2030: Report

As the electric vehicle (EV) adoption grows in India, the electric two-wheeler sales volume in the country is likely to reach 22 million by 2030, a report showed on Wednesday

Greaves Cotton to expand electric 2-wheeler portfolio to build market share

Greaves Electric Mobility Pvt Ltd, the company's arm, has electric two-wheeler models Primus, Magnus EX and Reo Plus under the Ampere brand umbrella

Greaves Cotton unveils new 2-wheeler, 3-wheeler EVs at Auto Expo 2023

Engineering company Greaves Cotton on Wednesday unveiled its range of electric two-wheeler and three-wheeler electric vehicles at the ongoing Auto Expo 2023. The company at the event unveiled three two-wheelers under Ampere brand series -- Ampere Primus, Ampere NXG and a multi-utility scooter Ampere NXU which can be also used for deliveries. In the commercial three-wheeler segment, the company unveiled an electric passenger vehicle Greaves ELP, cargo EV Greaves ELC and a futuristic cargo concept Greaves Aero Vision. Greaves Electric Mobility Private Ltd, CEO and Executive Director, Sanjay Behl said Ampere Primus will be available during the ongoing quarter, while rest of the vehicles will be made available during the course of next financial year. "Ampere Primus is now open for bookings across India. Rest of the vehicles will be launched in the next financial year," Behl said. Greaves Cotton Executive Vice Chairman Nagesh Basavanhalli at the event shared the company's commitment t

Electric two-wheeler sales may miss FY23 target of 1 mn units by 20%: SMEV

Electric two-wheeler sales could miss the target of 10 lakh units in fiscal 2022-23 by 20 per cent, mainly due to withholding of around Rs 1,100 crore subsidy by the government, according to industry body SMEV. In 2022, sales of electric two-wheelers stood at around 6 lakh units, with three major electric two-wheeler (E2W) makers -- Hero Electric, Ola and Okinawa -- crossing the 1 lakh annual sales mark for the first time, the Society Of Manufacturers Of Electric Vehicles (SMEV) said. These original equipment manufacturers (OEMs) dominated the E2W market, controlling over 50 per cent of the total market share, and emerged as the top players in the category. Though the E2W industry performance in the calendar year 2022 looks positive with sales of around 6 lakh units, "the volumes are not keeping up with the projections made by Niti Aayog and many other research agencies", SMEV said. "December has raised a red flag for the industry as it has witnessed a 28 per cent dip in sales, ...

BMW Motorrad India expects sales to cross 7,000 units mark next year

BMW Motorrad, the two wheeler division of the German luxury car maker, expects sales to grown in double digits next year as well as it remains bullish on the long term growth prospects of the country. The company, which sells a range of motorcycles in the country, is looking to cross the 7,000 unit sales mark this year. With sales volume this year till November having already crossed the 6,000 units mark, a growth of around 40 per cent as compared to same period last year, BMW Motorrad India has for the first time entered the top ten markets for the brand globally. The company had sold 5,191 units in the country last year. "I am absolutely certain of that," BMW Motorrad Head of Region Asia, China, Pacific & Africa Markus Mueller-Zambre told PTI when asked if the company would be able to achieve double digit volume growth in 2023. In order to continue with sustainable growth in the market, the company has realigned its strategy a bit to reflect on the measures it needs to take to .

Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol