Page 11 - Two Wheeler Sales

ICRA expects 12-14 pc growth for two-wheeler sales this fiscal

Ratings agency ICRA on Thursday maintained its growth forecast for two-wheeler sales at 12-14 per cent for the ongoing fiscal

Bajaj Auto reports 24% jump in total sales at 346,136 units in June

Bajaj Auto on Thursday reported 24 per jump in its total sales at 3,46,136 units in June 2021. The company had sold 2,78,097 units in the same month a year ago. Domestic sales in June this year were at 1,61,836 units as against 1,51,189 units, up 7 per cent, Bajaj Auto said in a regulatory filing. Total motorcycle sales stood at 3,10,578 units, an increase of 22 per cent, as compared to 2,55,122 units sold in June last year. Total commercial vehicle sales were at 35,558 units as against 22,975 units in the same month last year, up 55 per cent, the company said. Exports in June jumped 45 per cent to 1,84,300 units as against 1,26,908 units in the corresponding month last year, it added.

Hero Electric slashes prices for its popular models by up to 33%

The decrease in prices ranges from 12 per cent for single battery variants to 33 per cent for the triple battery Nyx HX model

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 to hike prices to partially offset higher commodity prices

The prices will increase by up to Rs 3,000

Auto industry chases the monsoon, but analysts are less optimistic

Manufacturers think the impact of Covid-19's ravages on rural India will abate if seasonal rains are good.

TVS Motor total sales dip 26% in April at 2,38,983 units

TVS Motor Company on Monday said its total sales stood at 2,38,983 units in April, down by 26 per cent from 3,22,683 units in March

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 .

Domestic auto sales in India go below 2015 levels amid Covid-19 crisis

The situation was not very different globally

Bajaj Auto halts Chetak bookings within 48 hrs, cites supply issues

Bajaj's maiden electric scooter, which went on sale in Jan 2020, hasn't been able to align production with demand due to Covid-induced supply chain disruptions and shortage of semiconductors

Last year's low base puts March sales of two-wheelers in top gear

Cumulative sales in March at the top five two-wheeler makers soared 75% to 1,421,600 units during the month against 808,692 units a year ago

TVS Motor exports 100,000 two-wheeler units in March, calls it milestone

TVS Motor does business in more than 60 countries and its key exports include the TVS Apache.

As normalcy returns, market share gains to continue for TVS Motor in FY22

Improving product mix and rising exports to aid margins

Passenger vehicles likely to see higher revenue growth next fiscal: Report

Passenger vehicles and two-wheeler dealers in the country are expected to see higher revenue growth and profitability in the next fiscal, the report said

Honda's scooter sales back in the fast lane after a steep decline

Sales in the first 10 months of the financial year for the segment and HMSI remain in a negative territory

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

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

Hero MotoCorp reports 1.45% increase in total sales in February

The country's largest two-wheeler maker Hero MotoCorp on Monday reported a 1.45 per cent increase in total sales at 5,05,467 units in February. The company had sold 4,98,242 units in the same month of the previous year, Hero MotoCorp said in a statement. Total motorcycle sales stood at 4,63,723 units last month as against 4,79,310 units in February 2020, down 3.25 per cent. Total scooter sales, however, increased over two fold to 41,744 units as compared with 18,932 units in the year-ago month, it added. In the domestic market, sales rose marginally to 4,84,433 units last month as compared with 4,80,196 units in the same period a year ago. Exports last month stood at 21,034 units as compared with 18,046 units in the year-ago period. "The growth in sales despite the ongoing challenges on account of supply chain issues that the industry is facing has been possible due to the state of preparedness and quick countermeasures taken by the company," the company said. Hero MotoCorp re

Suzuki Motorcycle India reports 5.4% rise in sales in February

The firm sold 71,662 units in February

Shortage of semiconductors, price hikes pull January auto sales into red

Dec had seen sales grow for 1st time this FY, which dealers called a one-off

Two-wheeler makers plan to resume capital expenditure plans in FY22

This will come as a boost for the government, seeking private sector capex