The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV
Muted domestic demand and margin pressure may weigh on the stock
Plans to roll out electric two-wheelers in every segment in the next 12 months
Some of the uptick is also attributable to the marriage season which usually perks up the volumes in the northern part of the country
The country's largest two-wheeler maker Hero MotoCorp on Friday said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1. The price will increase up to Rs 1,500, and the exact quantum of the hike will vary by specific models and markets, the company said in a statement. "The upward revision of the prices of our motorcycles and scooters has been necessitated due to overall inflationary costs," Hero MotoCorp Chief Financial Officer Niranjan Gupta said. The company will continue to provide innovative financing solutions in order to cushion the impact on the customers, he added. "We have also put in place accelerated savings programmes, which will help us to offset any further cost impact, and drive improvement in margins," the two-wheeler major said. Moving forward, the economic indicators are favourable to a growth in demand, and the company expects industry volumes to pick up in coming quarters, it added.
Company says bike has the most advanced battery pack in the industry
Firm is in also in talks with various state govts to set up a third plant, which when completed, is likely to have a capacity of a million units a year
'It took us a long time because we started at a time when nobody even believed that electric vehicles would become possible. It was an uphill battle for us'
Ola Electric plans to eventually have the capacity to produce 10 mn two-wheelers, 1 mn cars
Royal Enfield has made aggressive moves in the 250-350 cc segment that it dominates, but the competition is accelerating
Royal Enfield has made aggressive moves in the 250-350 cc segment that it dominates, but the competition is accelerating
Manufacturers say 1.5 million two-wheelers could be sold in FY24
Supply-side glitches, impending govt regulations, fires, and delay in FAME II subsidy handout have forced start-ups to mothball ramp-up plans
Domestic two-wheeler sales registered growth of 7 per cent increasing from 258,777 units in October 2021 to 275,934 units in October 2022
Domestic two-wheeler sales registered growth of 7 per cent increasing from 258,777 units in October 2021 to 275,934 units in October 2022
The cost of a 10-year motorcycle permit in the city-state hit a record S$12,801 ($8,984) this month according to data from the Land Transport Authority
Rebounding after two pandemic-hit years, automobile dealers expect a bumper sale of two- and four-wheelers during the auspicious Dhanteras this year. Dealers expect a rush for automobiles across categories. Federation of Automobile Dealers Association (FADA) President Manish Raj Singhania said dealers are sitting on a record number of bookings this festive season and most customers are insisting on deliveries on Dhanteras. Dhanteras, also known as Dhanatrayodashi, is celebrated each year as the first day to mark the beginning of Diwali. On this day, Hindus, Jains and Sikhs buy brass, silver and gold objects as it is regarded as one of the most auspicious and ideal days to purchase expensive items. This year, Dhanteras is being celebrated on October 22 and 23. Auto dealers are expecting bumper sales in all segments, including passenger and commercial vehicles and two-wheelers. "We expect record retail sales of passenger vehicles on Dhanteras. Even two-wheeler sales are expected to .
Easing chip supply, demand for premium models and price hikes at play
FY22 will be 'year of inflection' for industry; clean energy mobility to help India reduce carbon emissions
Rural states, such as Uttar Pradesh, Bihar and Jharkhand, have fallen higher in September on a MoM basis