Page 9 - Two-wheeler Market

Indian Motorcycle expects to garner 25-30% share in India's premium segment

Indian Motorcycle is seeking to replicate the growth in India which it has witnessed in other global markets, and expects to garner 25-30 per cent market share in the premium motorcycle segment

HMSI drives in all new bike CB200X, tagged at Rs 1.44 lakh

Honda Motorcycle and Scooter India (HMSI) on Thursday launched an all-new model CB200X in the country, tagged at Rs 1.44 lakh (ex-showroom Gurugram). The new model is a carefully crafted machine for everyday usage as much as it is for exploring the roads less travelled, the two-wheeler major said. "Keeping in mind the evolving lifestyle of the Indian youth, the urban explorer - CB200X gives today's youngsters a riding experience that pushes them to explore more. Built to excite riders, CB200X offers a perfect riding companion for their daily city rides and short weekend getaways beyond the cityscapes," HMSI Managing Director, President & CEO Atsushi Ogata said. The bike comes powered by a Bharat Stage-VI compliant advanced 184 cc engine. Other features include an all-LED lighting setup, fully digital liquid crystal meter, and split seat, among others. HMSI Director, Sales & Marketing, Yadvinder Singh Guleria said the CB200X is a classic urban explorer at heart developed for ...

Ola Electric to ride into two-wheeler market with scooter launch on Aug 15

Ola to share full specs and details of the electric scooter and the availability dates on the launch day

Two-wheeler maker Hero MotoCorp commences retail operations in Mexico

Hero MotoCorp has established presence in various global markets over the last few years.

Harley Davidson's turnaround plan gains traction, shows signs of progress

The 118-year-old American brand, which has been steadily losing U.S. market share amid declining retail sales for six years, has shifted focus back to big bikes

Okaya Group's EV division forays into electric two-wheeler business

Energy storage solutions provider Okaya Group's EV arm on Monday announced its entry into the electric two-wheeler business with the launch of a range of vehicles. Besides, the company -- which already has set up a two-wheeler manufacturing plant in Baddi (HP) and plans to start another facility in Haryana -- also announced three more plants to be launched in Neemrana (Rajasthan) by 2023-25, a release said. Launched in two variants, AvionIQ series and ClassIQ series, the Okaya EV two-wheelers are equipped with all the required technologies to manage the increasing volatility of Indian power conditions, it added. With prices ranging from Rs 39,999 to Rs 60,000, the e-two-wheelers are available all across the country, the release said. Combined with two state-of-the-art R&D centres exclusively for EVs in India and one overseas, Okaya EV is uniquely placed to bring out e-2 wheelers and bikes of the future. Further, to ensure seamless supply of these vehicles, we aim to open showrooms

Piaggio Vehicles reopens its two-wheeler dealerships across India

Piaggio Vehicles on Thursday announced the reopening of its two-wheeler dealerships across India, which had shut operations due to a massive increase in the coronavirus infection cases between April and mid-May across the country. The decision to reopen the dealerships comes following the announcement of the lockdown opening guidelines from authorities, Piaggio Vehicles Pvt Ltd (PVPL) said in a release. PVPL is a wholly-owned subsidiary of the Italian auto major Piaggio Group. Its India product portfolio comprises iconic Vespa, and Aprilia scooters besides small commercial vehicles. We have been working together with our dealers in navigating through the second wave of COVID-19. Also keeping in mind the possible anxiety of our customers during the lockdowns we have announced an extension of original equipment warranty and free service that expires during lockdown period, said Diego Graffi, Chairman and Managing Director, Piaggio India. The Piaggio dealerships have now geared up to

Hero MotoCorp gains 3% on resumption of production at all facilities

A healthy monsoon and harvest season along with a rebound in GDP should aid the industry's recovery from Q2 onwards, Hero MotoCorp management said

Hero MotoCorp reports 35% slump in sales in April compared to prior month

The country's top two-wheeler maker Hero MotoCorp on Saturday said it has sold 3,72,285 units last month, down by 35 per cent from 5,76,957 units dispatched in March this year. The company said sales in April were subdued due to the temporary closure of plant operations and the retail outlets across several key territories in India on account of the impact of the second wave of COVID-19. The sales numbers of April 2021 were not comparable with the corresponding month of the previous year (April 2020), since no vehicles were manufactured and dispatched to dealers due to the nationwide lockdown after the outbreak of COVID-19, it added. The two-wheeler major further noted that in keeping with its commitment to the safety and welfare of its people and to break the chain of the spread of coronavirus, it has decided to extend the shutdown at its manufacturing facilities across India, its Global Parts Center (GPC) in Neemrana and the R&D facility the Centre of Innovation and Technology .

Strong order book to make FY22 a record year for exports: Bajaj Auto

Q4 earnings got a boost from higher realisation of exports and larger contribution of pricier models in overall sales

Despite tailwinds, margins to remain under pressure for Bajaj Auto

Rising exports, price hike, improving mix not enough to offset costs

Covid-19 impact: HMSI to temporarily shut 4 production plants from May 1

Honda Motorcycle & Scooter India (HMSI) on Thursday said it will temporarily shut its four manufacturing plants across the country for 15 days with effect from May 1, in view of the severe situation on account of COVID-19 second wave and subsequent multiple lockdowns across various cities. The two-wheeler major said it will utilise the production halt from May 1 to May 15, for its annual plant maintenance activities. "Depending upon the evolving COVID situation and the market recovery, the company shall be reviewing its production plan in the subsequent months," HMSI said in a statement. During the period, all Honda office associates will continue to work-from-home to maintain business continuity while extending all possible support to customers and business partners, it added. Only the essential staff will be working at all company plants and various offices across the country, the two-wheeler maker noted. HMSI has production facilities at Manesar in Haryana, Tapukara in ...

TVS Motor Company rallies 15% on better-than-expected Q4 show

The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and inter

TVS Motor domestic two-wheeler sales double to over 200,000 units in March

Firm posts healthy rise in sales across categories; posts robust export show as well

Launch of new Royal Enfield may help Eicher to grow: Analysts

The popular motorbike is expected to beat peers in the domestic market in FY22

Rev up the e-bike to save big on costs and do your bit for the environment

The future of EVs in India may ride on two-wheelers, which are getting electrified much faster than cars. These vehicles help you save nearly 40% on TCO or total cost of ownership

Bajaj Auto launches Platina 110 priced at Rs 65,920

Bajaj Auto on Thursday said it has launched 115-cc bike Platina 110 in the country priced at Rs 65,920 (ex-showroom)

Hero MotoCorp, Bajaj Auto offer steep discounts to push key segment sales

Move reflects sustained pain in world's largest two-wheeler market, as it covers two segments accounting for 75% of its size and comes despite spike in input costs

Success beyond software and services

India dominates the world market in motorcycles. What will it take to replicate this success in other industries?

Hero MotoCorp shares rise nearly 4% as sales rise in February

The two-wheeler maker reported rise in total sales during February