Page 4 - Two Wheeler Sales
Passenger vehicle wholesales fall 2.5% in July as retail inventory piles up
SIAM is set to discuss the alarming rise in PV inventory in its upcoming executive committee meeting
 "Passenger vehicle wholesales fall 2.5% in July as retail inventory piles up")
Eicher Motors strong Q1 overshadowed by weak Bullet 350 sales, growth woes
The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.
 "Eicher Motors strong Q1 overshadowed by weak Bullet 350 sales, growth woes")
Shifting gear: PV inventory surges even as auto retail sales rise
Pileup shoots to historic high, equating to Rs 73,000 cr worth of stock
 "Shifting gear: PV inventory surges even as auto retail sales rise")
Ola Electric to launch IPO next week, valuation seen at around $4.4 billion
Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares
 "Ola Electric to launch IPO next week, valuation seen at around $4.4 billion")
Bajaj Auto Q1 Preview: Two-wheeler maker may see revenue growth of 14-15%
Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.
 "Bajaj Auto Q1 Preview: Two-wheeler maker may see revenue growth of 14-15%")
Two-wheeler volume growth likely to drive profit for auto sector in Q1
OEMs may post 9-10% revenue growth for June quarter
Electric 2-wheelers may need more domestic value addition for subsidy
The EMPS replaced the FAME-II scheme, where auto companies were provided Rs 11,500 crore as subsidy
 "Electric 2-wheelers may need more domestic value addition for subsidy")
Two-wheeler sales dip in May due to weak wedding season; exports rise
Going against the trend, TVS reported that its two-wheeler sales registered a growth of 7 per cent, increasing from 252,690 units last May to 271,140 units in May 2024
 "Two-wheeler sales dip in May due to weak wedding season; exports rise")
Two-wheeler sales dip in May due to weak wedding season; exports rise
Going against the trend, TVS reported that its two-wheeler sales registered a growth of 7 per cent, increasing from 252,690 units last May to 271,140 units in May 2024
Ola Electric planning to layoff 400-500 employees to streamline operations
Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)
 "Ola Electric planning to layoff 400-500 employees to streamline operations")
May sees electric two-wheeler sales revving up, led by Ola Electric
Led by Ola Electric, overall electric two wheeler sales have gone up by around 12 per cent in May over the previous month
 "May sees electric two-wheeler sales revving up, led by Ola Electric")
Passenger vehicle, 2W exports rose by over 20% in April: Siam monthly data
Two-wheeler exports up by 24.3% and passenger vehicles by 21.1% Y-o-Y
 "Passenger vehicle, 2W exports rose by over 20% in April: Siam monthly data")
Domestic sales of 4 major two-wheeler manufacturers zoom in April
Hero MotoCorp, Honda Motorcycle & Scooter India, TVS Motor, and Bajaj Auto collectively dominate approximately 80 per cent of the total two-wheeler market in the country
 "Domestic sales of 4 major two-wheeler manufacturers zoom in April")
Month after EMPS rollout: Ola market share grows to 53%, registrations drop
Ola gained market share because its decline was much lower than the industry average
 "Month after EMPS rollout: Ola market share grows to 53%, registrations drop")
Sale of entry-level cars, two-wheelers yet to hit pre-pandemic peak
Slow recovery in the rural economy and customers transitioning to purchasing vehicles in higher segments are the primary reasons for the gradual decline
 "Sale of entry-level cars, two-wheelers yet to hit pre-pandemic peak")
Two wheeler, three wheeler and CV exports skid in FY24 on global woes
India exported 3.458 million units of two-wheelers in financial year 2024, which was 5.3 per cent fewer Y-o-Y
 "Two wheeler, three wheeler and CV exports skid in FY24 on global woes")
New Rs 500 crore scheme to promote e-mobility kicks in from Monday
The new Rs 500 crore scheme to promote electric mobility in India will come into force from Monday and continue till the end of July. Meanwhile, the second phase of FAME, or Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, ends on March 31, 2024. Subsidies under the FAME scheme will be eligible for e-vehicles sold till March 31, or till the time funds are available. The Rs 500 crore Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme is being introduced by the Ministry of Heavy Industries to further accelerate the adoption of electric vehicles (EVs) in the country. Under EMPS 2024, a support of up to Rs 10,000 per two-wheeler will be provided. The aim is to provide support for about 3.33 lakh two-wheelers. A support of up to Rs 25,000 will be given for the purchase of small three-wheelers (e-rickshaw and e-carts). More than 41,000 such vehicles will be provided incentives under the scheme. The financial support will be up to Rs 50,000 in
 "New Rs 500 crore scheme to promote e-mobility kicks in from Monday")
Centre replaces FAME with EMPS to promote e2W, e3W, 4-wheelers kept out
The upcoming Electric Mobility Promotion Scheme is set to debut on April 1, supplanting the current Faster Adoption and Manufacturing Electric Vehicles- Phase-II initiative
 "Centre replaces FAME with EMPS to promote e2W, e3W, 4-wheelers kept out")
Domestic passenger vehicle sales rise 11% in February, shows Siam data
Two-wheeler sales jump 34%; PV exports up 20%
 "Domestic passenger vehicle sales rise 11% in February, shows Siam data")
Electric two wheeler volume remains flat despite sharp price cuts
The top four electric two-wheeler manufacturers -Ola, TVS, Bajaj and Ather - account for over 86.45 per cent of the market
 "Electric two wheeler volume remains flat despite sharp price cuts")