It has asked the officials to take all the necessary steps to implement this with immediate effect
Analysts attribute this to the slowdown in the job market, which has a bigger economic impact on urban India
Domestic two-wheeler sales dropped marginally to 241,762 units in September 2020
"It will definitely help and act as a tailwind for the industry against what we are seeing today, the headwinds from multiple sides," Guleria noted
Two-wheeler stocks look good on the charts from a medium-term perspective. Here are the key levels you need to keep a tab on.
Shares of two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Company soared after Nirmala Sitharaman's comment that the GST Council will consider the proposal to cut GST on two-wheelers
Council to take up issue; SoPs for hotels, tourism, aviation may be tweaked
Maruti suppliers double the inventory to ensure uninterrupted supplies
Chief Minister Arvind Kejriwal, who launched the Delhi Electric Vehicle Policy on Friday, sought the cooperation of all stakeholders in implementing it
Pent-up demand, rural focus of these segments aid sales recovery
The firm sees an opportunity with consumers preferring personal transport to public following the Covid-19 outbreak
Company says it has identified 108 cities in southern and western India-the two regions it will focus on first--for setting up distribution centres for its scooters
Top officials at two-wheeler makers said they have seen an encouraging response with a steady increase in inquiries and sales
Brokerages prefer Bajaj and Hero, given its weak financial profile and premium valuation
The company gets just around 10 per cent of its overall volumes from motorcycle sales
CVs and two-wheelers reported 39 per cent and 33 per cent growth, respectively, in January last year
Despite the near-term volatility, ICRA maintains a stable outlook for the two-wheeler industry for the coming 12-18 months
Tata Sons Chairman N Chandrasekaran had also stated that migration to EVs needs to be planned to ensure that the entire ecosystem is ready through a multi-year road map.
Aura is slated to go on sale from the first quarter of the 2020 calendar and will be available pan-India
Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019