Page 8 - Two Wheelers

Motovolt Mobility plans to invest Rs 200 crore next year for expansion

Electric two-wheeler maker Motovolt Mobility on Tuesday said it plans to invest Rs 200 crore next year on new products and to expand its manufacturing footprint and sales network. The company, which on Tuesday launched its electric bike URBN in two variants priced at Rs 49,999 and Rs 54,999, is looking to set up satellite manufacturing units to be closer to the market. "We have a plant at Kolkata now. We are looking to set up satellite manufacturing units in North and South India so that we can be closer to the market," Motovolt Mobility Founder and CEO Tushar Choudhary told PTI here. The Kolkata plant has an annual capacity of 50,000 units. "In the next phase, we are looking at capacity of one lakh annually for which we are considering a new unit, preferably in North India as Delhi is an attractive market for us considering the incentive we are getting for the URBN e-bike," he added. The company is targeting sales of 50,000 units by March 2023, he added. When asked about investm

NITI Aayog-led $1 billion fund for two-, three-wheeler EV financing soon

The fund will be used to provide guarantees against defaults on loans taken to buy electric two-, three-wheelers

Hero MotoCorp hikes 2-wheeler prices by up to Rs 1k to offset rising costs

Hero MotoCorp on Thursday said it has increased prices of its two-wheelers by up to Rs 1,000 to partially offset the impact of cost inflation. In a regulatory filing, the company said, it has made an upward revision in the ex-showroom prices of its motorcycles and scooters, with immediate effect. "The price revision has been necessitated to partially offset the impact of cost inflation," it said, adding, the hike "will be up to Rs 1,000 and the exact quantum of increase will vary by model and market". Hero MotoCorp sells a variety of motorcycles and scooters ranging from entry level bike 'HF 100' priced at Rs 55,450 to XPULSE 200 4V priced at Rs 1.36 lakh (ex-showroom Delhi).

People opting for scrapping should get discount on new vehicles: Gadkari

Auto companies will see business increasing by 25-30 per cent thanks to scrapping, says minister

LML looking at comeback with e-scooters, may use Harley unit in Manesar

Company reportedly looking to launch three two-wheeler concepts later this month

TVS Motor zooms 109% from March'22 low; m-cap crosses Rs 50,000 crore

At 10:59 am; TVS Motor Company's market capitalisation stood at Rs 50,312 crore, the BSE data shows.

MBSI to invest Rs 5,000 crore by 2025-end, says MD Shoji Shiraishi

MBSI has 3,300 units in its fleet and it expects to grow up to 9,500 units by the end of this year, Shiraishi told Business Standard in an interview.

EV maker Ather Energy raising up to $250 mn to march past rivals: Report

Electric scooter manufacturer Ather Energy is reportedly raising up to $250 million in a new funding round, as the debate on EV fires appears to be finally settling

EVs need the spark of regulation in India to accelerate transition: Experts

Mandated battery standards are becoming imperative if India is to accelerate the transition from traditional vehicles

TMS Ep216: Aviation employees, population, two-wheeler stocks, temperature

When will employee unrest in Indian aviation end? What are the implications of being the most populous country? Are two-wheeler stocks ready to roll? Why do we find Delhi heat so brutal? Answers here

2-wheeler stocks in top gear as chip woes ease; EV transition key: Analysts

Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)

TVS Motor launches Ronin motorcycle for premium lifestyle segment

Ronin motorcycle will have technology like voice assistance and enhanced connectivity and it will have an exclusive range of branded merchandise and custom accessories, TVS Motor Company said

Electric vehicles brace for trial by fire as firms remain optimistic

Between January-June, the eight players registered collectively a total of 212,000 electric scooters

Road fuel demand peaks in 2027

In just five years from now, global road fuel demand is seen peaking

TVS Motor rises 2% on firm's big EV push; stock up 10% in 5 days

In the past five days, the stock price of Chennai-based auto-maker soared over 10 per cent, as against 1.6 per cent rise in the S&P BSE Sensex.

For Bajaj Auto, share buyback worth up to Rs 2,500 crore spurs optimism

Fall in raw material prices, low base, and normal monsoon are other positives

Will cross $1-bn revenue run rate by year-end, predicts Ola Electric

The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year

Hero MotoCorp rallies 4%; company announces price hike from July 1

The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices

After 3 yrs of challenges, auto sector may see double-digit growth in FY23

Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback

2022 Triumph Tiger 1200 to launch today: Check price, other details

Here, we take a look at the design, performance, and expected price of the new Triumph Tiger 1200