Page 9 - Two Wheelers

Hero MotoCorp up 5% on hopes of healthy business outlook

With the economy picking up, the management expects the demand for motorcycles and scooters to see a positive turnaround in the coming months.

2-wheeler sales rise in April, but recovery unlikely to continue: Analysts

High raw material prices and semiconductor shortage puts recovery in doubt for companies' plans

EV fires: Boom Motors recalls Corbett bikes, stops production temporarily

Boom will be the fourth company to recall its E2W brands involved in fire incidents, after Okinawa, PureEV and Ola Electric

Small Indian towns overtaking big cities on EV ride, shows report

Top three e2W consuming states saw towns with sub-million population accounting for majority of sales--56% in Maharashtra, 75% in Karnataka and 78% in Tamil Nadu

Ola Electric recalling 1,441 units of two-wheelers due to fire cases

Ola Electric is recalling 1,441 units of its electric two-wheelers in the wake of incidents of vehicles catching fire, according to a company statement.

Two-wheeler sales drag domestic auto sales to six-year low, exports shine

Overseas shipments by volume of scooters and motorbikes hit the highest since FY16

Jio-bp and TVS Motor Company to collaborate on EV solutions

Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles

E-scooter fires: Govt orders forensic probe; to take action after report

Gadkari also said that as on March 25, as many as 10,76,420 EVs were registered in the country and 1,742 public charging stations (PCS) were operational

Govt-appointed experts to probe e-scooter fire incidents in Vellore, Pune

The investigators will try to find out if there is a manufacturing defect that affected their operation

Electric scooter sales are likely to reach an inflexion point this year

Analysts predict sales of 0.7-0.8 million, which may account for around 13% of the scooter market

Two-wheeler companies target nine-fold increase in electric vehicles

Top Indian two-wheeler companies are ramping up new capacity to hit over six million per annum by the calendar year 2023 to meet the anticipated demand for electric vehicles

Govt proposes hike in 3rd-party motor insurance premium from next fiscal

Union Road Transport Ministry has proposed an increase in third-party motor insurance premium for various categories, which is likely to jack up insurance cost of car and two-wheelers from April 1.

Two-wheeler sales skid 25% in February amid poor demand, chip shortage

Likely spike in fuel costs following soaring crude prices could delay recovery in the world's largest market for scooters and motorcycles, said analysts

Bajaj Auto reports 16% drop in total sales to 3,16,020 units in Feb

Bajaj Auto on Wednesday reported a 16 per cent drop in its total sales to 3,16,020 units in February. The company had sold 3,75,017 units in February 2021. Domestic sales last month stood at 1,12,747 units as against 1,64,811 units, down 32 per cent, Bajaj Auto said in a regulatory filing. Total two-wheeler sales declined 16 per cent to 2,79,337 units compared to 3,32,563 units in February last year. Total commercial vehicle sales slipped 14 per cent to 36,683 units against 42,454 units in the same month last year, the company said. Exports last month also witnessed a decline of 3 per cent to 2,03,273 units from 2,10,206 units in the corresponding month last year, it added.

Hero MotoCorp sales dip 29% in Feb to 358,254 units, but exports rise

Domestic sales were also down 31.57 per cent at 3,31,462 units last month compared to 4,84,433 units in February 2021

OTO achieves Rs 100-cr disbursal for 11k vehicles via its commerce platform

OTO, founded in 2018 by IIT-Mumbai alumnus Sumit Chhazed and Harsh Saruparia, has facilitated in sale and financing of over 11, 000 vehicles, of which approximately 2, 700 vehicles are electric

Hero MotoCorp expects 2-wheeler industry to make strong comeback in FY23

Hero MotoCorp expects the two-wheeler segment to make a strong comeback next financial year with Omicron wave subsiding and a broader economic recovery in sight, said a senior company official.

Govt's new rules for kids on two-wheelers: safety belt, helmet, 40 km/h max

Regulations apply for scooters, bikes carrying children aged between nine months and four years; will kick in a year down the line

Statsguru: Six charts explain India's uneven economic recovery

A key reason for lower than expected inflation projections could be weak demand

Volume recovery, extraneous export thrust to support margins at TVS Motor

Any value unlocking in the EV subsidiary could drive further gains