Page 9 - Two-wheeler Market

CredR to invest $15 million to expand used two-wheeler business

Used two-wheeler buying and selling platform CredR on Wednesday said it will invest USD 15 million (around Rs 110 crore) in 2022-23 to expand its business. The Bengaluru-based firm plans to open 50 CredR showrooms for used two-wheelers in FY22-23 and over 100 showrooms by 2024, CredR said in a statement. Commenting on the company's plans, CredR CEO & Co-founder Sasidhar Nandigam said, "The pandemic was an unexpected boon to our business. The break in business allowed us to reposition and strategically plan the next few stages of our growth trajectory." He further said, "The post-Covid response has been so massive that we have decided to go all out with our expansion plans, keeping profitability and customer satisfaction as paramount objectives." The way forward is to keep building supply entryways into various cities, with refurbishment and showroom setups to follow, Nandigam said. CredR has already expanded operations in new markets -- Ahmedabad, Rajkot, Vadodara, Gurgaon and ...

Hero MotoCorp announces upward revision in prices, stock rises nearly 2%

The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market

TVS Motor launches Apache RTR 165 RP at Rs 1.45 lakh

The 164.9-cc motorcycle generates 19.2 PS power and will be limited to 200 units

BMW Motorrad India set to register over 100% growth in 2021

This year, BMW Motorrad India had a slew of new launches

Bounce launches Infinity E1 e-scooter at starting price of Rs 45,099

The scooter with battery and charger is priced at Rs 68,999 (Delhi Ex-showroom)

HMSI posts 35 pc decline in two-wheeler sales to 2,80,381 units for Nov

The Indian arm of the Japanese two-wheeler had sold a total 4,33,207 units, including exports, in November 2020, the company said

30K pre-orders in 14 days: Corbett creates a boom in tier 2, 3 markets

Ties up with TVS Group's Ki Mobility Solutions for after-market service

Hero, Honda Motorcycle and Scooters festive period output lowest in 7 years

The duo account for close to 60% of the domestic two- wheeler market

Two-wheeler EV startup Ather Energy to go for IPO in 24 months

The company is targeting an annual revenue run rate of $3 billion in two years

Reduction in cost to push electric two-wheeler's market penetration

Reducing cost of electric vehicles (EV) as well as increase in subsidies along with the newer model are expected to increase electric two-wheeler's (e-2W) penetration

Yamaha drives in new 155 cc scooter Aerox 155, updated YZF-R15 range

India Yamaha Motor on Tuesday said it has launched an all-new 155 cc scooter model Aerox 155 in the country priced at Rs 1.29 lakh (ex-showroom Delhi).

TVS Motor Company launches new motorcycle 'TVS Raider' in 125cc segment

The new motorcycle will compete with the likes of Bajaj Pulsar 125 and Honda CB Shine SP

Piaggio India launches new superbikes; prices start from Rs 13.09 lakh

Piaggio India on Thursday launched a new range of superbikes, including Aprilia RS 660, Tuono 660, Aprilia RSV4, Tuono V4 as well as the iconic Moto Guzzi V85TT. The prices of the new superbikes start from Rs 13.09 lakh and go up to Rs 23.69 lakh, Piaggio India said in a release. Piaggio India, the maker of premium Vespa scooter, is a wholly-owned subsidiary of the Italian auto major Piaggio Group. The bikes will be available for customers across all its Motoplex dealerships pan-India, it said. "The newly-launched superbikes have attracted a massive following in India and all over the world. Keeping in mind the evolving lifestyle of the Indian consumer, we aim to offer them new riding experience," said Diego Graffi, Chairman and Managing Director, Piaggio India. The all-new 660-cc Aprilia RS 660 and Tuono 660 are priced at Rs 13.39 lakh and Rs 13,09 lakh, respectively, while the 1078-cc RSV4 carries a price tag of Rs 23.69 lakh. The 1077-cc Tuono V4 is priced at Rs 20.66 lakh and

Suzuki Motorcycle's total sales up 27% in August at 73,463 units

Suzuki Motorcycle India Pvt Ltd (SMIPL) on Wednesday reported a 27 per cent increase in total sales at 73,463 units in August 2021. The company had sold 57,909 units in the same month last year, SMIPL said in a statement. Domestic sales in August were at 61,809 units while exports stood at 11,654 units, it added. Commenting on the sales performance, SMIPL Managing Director Satoshi Uchida said, "With the unlock phase, the two-wheeler industry is now marching towards normalcy while continuing to adhere to all the precautionary measures. As a result, the customer sentiments are improving day by day which is positive news for the industry.

Royal Enfield launches all new Classic 350 tagged at Rs 1.84 lakh

Royal Enfield on Wednesday said it has launched an all new version of Classic 350 motorcycle in the country with price starting at Rs 1.84 lakh (ex-showroom Chennai). In 12 years and more than three million motorcycles later, the Classic has built a legacy of its own, and the new Classic 350 is all set to take this legacy ahead, the company, which is a part of Eicher Motors, noted. "The Classic 350 launched in 2008, was a modern and capable motorcycle that symbolized the timeless post-war styling from the heydays of the British motorcycle industry. "Its captivating design language and simplicity coupled with dependability, catapulted the Classic to global popularity, and it went on to redefine the middleweight (250-750cc) motorcycle segment," Eicher Motors MD Siddhartha Lal said. The company so far has been consistent in its pursuit to build timeless, classic, beautiful motorcycles that are great fun to ride, and the new Classic 350 does just that, he added. "Built ground-up, on o

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