Page 5 - Two-wheelers

Top gear: Two-wheelers lead the line for auto festival sales this year

The Federation of Automobile Dealers Associations (FADA) data showed a 19 per cent growth in auto sales during the 42-day festival period in 2023

India's two-wheeler sales surge in Nov on festive boost, rural demand

Rural India accounts for 55% of total two-wheeler sales and is key for the sector

Passenger vehicles, 3-wheelers report highest ever sales in October: Siam

The domestic sales for all vehicles in India were up 20% to 2,314,197 units in October this year as compared to 1,923,721 units last year

Triumph Scrambler 400 X debuts in India, check price, features, and more

Triumph Scrambler 400 X made its debut in India, and interested buyers can book their motorcycles with a refundable amount of Rs 10,000. Check all the features, specifications and price

TVS September sales: Total sales up 6% at 402,553 units; exports up 8% YoY

Motorcycle sales for the company went up 10 per cent with TVS selling 169,322 units in September 2022 to 186,438 units in September 2023

WB transport dept to frame guidelines for 2Ws use for commercial purposes

The West Bengal transport department will soon come out with detailed guidelines for better regulation and safe operation of non-transport two-wheelers for commercial purposes in the state, an official said on Tuesday. He said a meeting chaired by West Bengal Transport Secretary Saumitra Mohan with different aggregators such as Ola, Uber, Rapido, InDrive and online delivery agencies such as Amazon, Flipkart, Blinkit, Zomato and Swiggy discussed the unregulated operation of non-transport two-wheelers for commercial purposes. In the meeting held recently, it was decided that all stakeholder aggregators, corporate houses, and agencies using non-transport two-wheelers unauthorisedly for commercial purposes must be brought under an oversight mechanism in accordance with relevant Motor Vehicle Acts and rules. The operators requested the transport department's intervention in obtaining NOCs from financial institutions financing a number of these two-wheelers to ease the process of conversi

FADA seeks reduction in GST rates for entry-level two-wheelers to 18%

The Federation of Automobile Dealers Associations on Thursday asked for the reduction in GST rates on entry-level two-wheelers to 18 per cent, saying the segment has not recovered from the impact of COVID-19 pandemic. Speaking at the Auto Retail Conclave here, Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in the ongoing fiscal so far, while the retail sales of total vehicles have grown by around 7 per cent, the entry-level two-wheeler segment is yet to witness the robust growth seen. "Although the two-wheelers segment experienced year-on-year growth, we are still 20 per cent behind the pre-COVID levels," Singhania said. Turning to Union Road Transport and Highways Minister Nitin Gadkari, who was the chief guest at the function, he said, "That's why FADA strongly urges honourable minister to help us get a reduction in GST rate from 28 per cent to 18 per cent for entry-level two-wheelers that is the 100cc and 125cc segment." He further said,

TVS unveils premium electric crossover TVS X at Rs 2.5 lakh; targets Gen Zs

TVS Motor Company has unveiled its premium electric crossover two-wheeler TVS X targeting the millennials and Gen Z population in India and abroad. Launched at an introductory price of Rs 2.50 lakh, the electric two-wheeler comes with a high-performance battery pack that delivers 4.44kWh of installed capacity of energy, acceleration of 0-40 kilometre per hour in 2.6 seconds, and a sustained maximum speed of 105 kmph. The in-house developed battery management system at TVS Motor ensures safe operation and prolonged lifespan of cells by continuously monitoring current flow. Customers will get the option of Smart X home rapid charger that delivers 0-50 per cent in 50 minutes (optional add-on 3 kW fast charger) or portable charger delivering 0-80 per cent in 4 hours and 30 minutes (950W charger). "TVS X will be available at a thrill-electric introductory price of INR 2,49,990 (ex-showroom Bengaluru) with portable 950W chargers at INR 16,275 (including GST) and a 3kW Smart X home rapid

Hero MotoCorp and Bajaj Auto's July two-wheelers sales in slow lane

Hero's domestic sales dropped by 12.18 per cent YoY to 391,310 units. Bajaj's domestic sales dropped 13.62 per cent YoY in July

Trading strategies for 2-wheeler stocks post Hero Moto-Harley Davidson deal

Barring Eicher Motors, which is presently struggling near its 200-DMA; Bajaj-Auto, TVS Motor and Hero MotoCorp may rally up to 15%

Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month

Two-wheeler maker Hero MotoCorp on Friday said it will hike prices of its motorcycles and scooters by around 1.5 per cent from July 3, citing several factors, including a rise in input costs. The company, which raised prices by around 2 per cent in April this year, said the exact quantum of its latest increase would vary by specific models and markets. "The upward revision of the prices of motorcycles and scooters is part of the price review that the company undertakes from time to time, keeping in mind various factors like price positioning, input costs and business imperatives," it added. Hero MotoCorp further said it will continue with innovative financing programmes to minimise the impact on the customers. "The onset of monsoon in most parts of the country and overall economic indicators bode well for a growth in demand, and industry volumes are expected to pick up, leading into the upcoming festive season," it added.

From Goa to Kerala, four states breach 10% adoption of e-2-wheelers

National average jumps to 5.6%

Hero MotoCorp surges 4%, nears 52-week high on healthy sales in May

HMCL said the momentum is expected to continue in the coming months, driven by an uptick in customer sentiments, forecast of normal monsoon and a host of new launches in the premium segment.

India clocks robust SUV sales in May, two-wheeler volumes rise

However, SUV sales have been limited to a certain extent due to supply issues for parts, particularly chips

Nearly half of FAME electric 2-wheeler sales based on false claims: Report

An investigation done by ARAI found several firms depending on imports for key parts such as electric motors, controllers, and onboard chargers

Automobile dealers' body seeks cut in GST on two-wheelers from 28% to 18%

Automobile dealers' body FADA on Thursday sought a cut in GST on two-wheelers from 28 per cent to 18 per cent, saying the segment being essential for millions should not be categorised as luxury item. The industry body said it has appealed to the finance minister, chair of the GST Council, all GST Council members, the ministry of heavy industries, which supervises the automobile sector, and the ministry of road transport & highways. This timely and decisive intervention would help in making two-wheelers more affordable, reviving demand and reinvigorating an industry that has seen a significant slump in sales over the past few years, the Federation of Automobile Dealers Associations (FADA) said in a statement. "The two-wheeler industry is at a critical juncture, grappling with unprecedented challenges such as rising inflation, stringent emission norms and the post Covid-19 effects. Now is the opportune moment for the GST Council to reduce the GST rate on two-wheelers, making them ..

New launches, exports pick up to drive volume gains for Eicher Motors

Margin expansion is expected to continue on strong volumes, improving mix, say analysts

Passenger vehicle dispatches jumped 13% to 331,278 units in April: SIAM

Two-wheeler dispatches increased by 15% to 1,338,588 units in April

E2W makers gear up for scale, hope FAME will continue to fuel operations

The key to increasing volumes is to offer more products at varying price points and expand distribution and markets

April auto retail sales drop of 4% on decline in two-wheeler demand

Fall in passenger vehicle sales after eight months was another factor behind the overall decline