In a Q&A, Koichiro Hirao says the Indian rider is shifting towards performance motorcycles, and that his firm is well poised to cater to this demand
Valuations after a 50% fall from peak are at attractive levels
Three-wheeler sales grew 26.4% to 17,370 units during the month compared with 13,742 units during the same month last year.
Hero's domestic sales dropped by 20 per cent to 480,196 in February 2020 from 600,616 a year ago. Exports rose to 18,046 units from 16,599 units during the same period
Domestic two-wheeler sales were at 146,876 units last month as against 186,523 units in February 2019, a decline of 21%
Honda Motorcycle & Scooter India (HMSI) on Wednesday said it has crossed 3 lakh sales milestone for BS VI compliant units. HMSI's BS VI model line-up now comprises five models -- Activa 125, SP 125, Activa 6G, Dio and Shine. All four factories of the company have moved to 100 per cent BS-VI production with one month still remaining for the government deadline, HMSI said in a statement. "Honda was the first two-wheeler manufacturer to lead the BS-VI transition almost six months ahead of the deadline. Over three lakh customers are now experiencing #AQuietRevolution led by Honda's advanced technologies like eSP, many first-in-segment features like ACG starter motor and significant mileage-up," HMSI Senior Vice President, Sales and Marketing Yadvinder Singh Guleria said. The coming weeks will see Honda's BS-VI line-up get more robust with new introductions across segments, he added.
Despite the near-term volatility, ICRA maintains a stable outlook for the two-wheeler industry for the coming 12-18 months
The industry said a change in the subdued consumer sentiment leading to an improvement in sales would happen only when overall economic mood improves
Auto companies in India count deliveries to dealers as sales.
Two-wheeler market leader Hero MotoCorp on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January. The price increase will be across range of two-wheelers and exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. It, however, did not specify reasons for the plan to hike prices. The company currently sells a range of motorcycles and scooters priced between Rs 39,900 to Rs 1.05 lakh. Last week the country's largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs. Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move. Hyundai Motor India and Honda Cars India, however, said they would not increase vehicle prices in January, but their products will see rise in prices when BS-VI compliant models are introduced in the market.
In the next 3-6 months, things should start to look-up, says Dasari
The company's exports were up 26.65% to 74,060 units this November, from 58,476 units a year ago
Maruti Suzuki reported sales of 150,630 passenger vehicles in the domestic market in November, down 1.9 per cent over 153,539 units in the corresponding month last year
TVS Motor Company, the only company in India to manufacture mopeds, said exports dropped by nearly 40 per cent.
2% rise in month-on-month sales reduces stock-in-trade for transition to BS VI
Two-wheeler exports rise 4% in April-Sep; Bajaj Auto leads the pack
TVS Motor sold 168,000 mopeds during Q2, against 241,000 units during the same period last year
The premium motorcycle segment saw a seven-fold jump in domestic sales during April to September
Stuck in the slow lane, promotions, advertising and customer engagement are of critical importance say the companies.
This is the last-ditch effort by automakers to shore up sales in a financial year that has been marked by poor purchases and production cuts