Page 7 - Two-wheeler Market

Hero MotoCorp to lose top spot in 2-wheeler sales to HMSI: Elara Capital

Rural states, such as Uttar Pradesh, Bihar and Jharkhand, have fallen higher in September on a MoM basis

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Bike Bazaar raises Rs 170 cr in equity funding for deeper rural penetration

Two-wheeler financing firm Bike Bazaar on Thursday said it has raised Rs 170 crore in equity funding for a deeper penetration into rural markets and to scale the marketplace business for sale and purchase of used two-wheelers. The fresh capital, as part of its ongoing Series D fundraise, has been secured from a consortium led by Women's World Banking Asset Management (WAM), which has joined the existing equity investors -- Elevar Equity and Faering Capital, Bike Bazaar said. Elevar continues to hold the largest stake in the company, as per the statement. Bike Bazaar also has raised a total of Rs 400 crore in equity funding since its inception in 2017. The two-wheeler financing firm is in advanced discussions with leading global investors for a further Rs 80 crore capital infusion, which will take the total Series D equity round to Rs 250 crore. The company said it has also raised over Rs 250 crore in debt financing from various banks and financial institutions in the last six ...

E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric Mobility

Greaves Electric Mobility projects that sales of electric scooters will balloon to 700,000 units in FY23 from 250,000 units in FY22

Hero MotoCorp: Q1 disappoints, but there's hope of a better second half

Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively

Q1 results: Hero MotoCorp's net profit rises 71% on higher sales

Net profit of the Splendor and Glamor brands' maker increased to Rs 625 crore from Rs 365.44 crore in the same quarter a year ago

2-wheeler makers accelerate global expansion plans as exports gain traction

The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets

e-Scooter maker Ather says high costs pushing back profit timeline

Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to profit despite high demand for its vehicles

Aether Energy in talks with state govts to set up third manufacturing plant

Hero MotoCorp-backed electric two-wheeler maker Ather Energy is in talks with several state governments to set up a new manufacturing facility in the country, according to sources

BGauss Auto to invest Rs 40 cr to double electric two-wheeler manufacturing

The company plans to have five to six products in the high-speed electric scooters segment after two years

TVS Motor April sales rise 24% to 295,308 units; exports increase 6%

TVS Motorcycle sales grew by 4%, from 133,227 units in April 2021 to 139,027 units in April 2022

Two-wheeler stocks may enter the fast lane riding on recovery hopes

Hero MotoCorp is the top pick of brokerages

Honda Motor launches new version of Gold Wing Tour for Rs 39.2 lakh

Honda Motorcycle & Scooter India (HMSI) on Tuesday said it has launched the new version of superbike Gold Wing Tour in the country, priced at Rs 39.2 lakh (ex-showroom). The 2022 Gold Wing Tour comes as a completely built-up from Japan, and features dual clutch transmission (DCT) with an airbag. "Over the years, Gold Wing has strengthened its reputation as a technological flagship from Honda. Raising the level of touring experience by several notches, we turn a new chapter in redefining luxury on two-wheels with the 2022 Gold Wing Tour DCT model with Airbag in India," HMSI Managing Director, President & CEO Atsushi Ogata said in a statement. The bike comes with a 1,833 cc liquid-cooled engine and features like idling stop system, hill start assist among others. "Gold Wing Tour offers a tailored riding experience as it offers the right mix of presets coupled with rider inputs for touring across different road conditions," HMSI Director Sales & Marketing Yadvinder Singh ...

Two-wheeler demand remains weak as compared with last year: Icra

Demand for two-wheelers continues to be weak while that for passenger and commercial vehicles remains robust as compared with last year, a survey by ratings agency Icra has revealed.

Hero MotoCorp refutes report of false expense claims; terms it speculative

The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities

Royal Enfield launches Scram 411 at Rs 2.03 lakh onwards

The new bike is powered by a 411 cc, 4-stroke single-cylinder engine which has a maximum power of 24.3 bhp at 6,500 rpm and max torque of 32 Nm at 4,000-4,500 rpm

Hero MotoCorp shares decline over 4% after 29% drop in Feb sales

Two-wheeler market leader Hero MotoCorp had on Tuesday reported a 29 per cent decline in total wholesales at 3,58,254 units in February

Hero MotoCorp sales dip 29% in Feb to 358,254 units, but exports rise

Domestic sales were also down 31.57 per cent at 3,31,462 units last month compared to 4,84,433 units in February 2021

Royal Enfield sales dip 15% in February; domestic sales decline 20%

The company had reported sales of 69,659 units in the same month last year

TVS Motor sales drop 5% in Feb at 281,714 units; two-wheeler sales fall 11%

TVS had posted a total sales of 2,97,747 units in the same month last year, the company said in a statement