Indian companies also hold a considerable share of the car, bus, and three-wheeler markets in the country.
Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.
India's three-wheeler exports, which have been on a downhill trajectory over the past few years, are showing no signs of recovery in FY25, with key markets like Sri Lanka, Bangladesh, Nigeria, and Egypt witnessing subdued demand. In May, the country's exports plummeted 11.3 per cent year-on-year (Y-o-Y).
The two-wheeler segment has shown signs of recovery in the first half (H1) of calendar year (CY) 2024, largely driven by improving performance in rural areas. According to the Federation of Automobile Dealers Associations, rural contribution to two-wheeler sales surged by 57-60 per cent in the April-June quarter of 2024-25, indicating a rising demand in these regions. Experts believe that this trend will continue, supported by a favourable monsoon season and government initiatives aimed at rural development.
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
A little over a year after it retained power in Kerala with a massive victory, the CPI-M-led Left Democratic Front suffered a huge setback on Friday in a bypoll held to Thrikkakara assembly constituency, with Congress candidate Uma Thomas winning with a historic margin of 25,016 votes, giving a boost to the morale of the party-led United Democratic Front in the southern state.
Soumya,30, hailing from Idukki district, had been working as a housemaid in Israel for the last seven years. She was killed on Tuesday when the rocket fell on her residence in the city of Ashkelon while she was talking to her husband Santhosh, who is in Kerala, over video call, her family has said.
Senior AICC member and former Union minister K V Thomas, who has been at loggerheads with the party's state leadership, on Wednesday said he would campaign for the ruling Left Democratic Front candidate Jo Joseph in the upcoming by-poll in the Thrikkakara Assembly constituency, but reiterated that he would not quit the Congress.
Indian consumers are likely to get respite from rising prices just before the festival season. Some consumer companies, including automakers, have indicated that they are planning to pause price hikes just before demand picks up in August, while keeping a close eye on volatile raw material prices.
The Madras high court on Monday came down hard on the Election Commission and called it the "the most irresponsible institution" for the alleged spread of the second wave of Covid-19 in the country.
TVS Motor Company, the only company in India to manufacture mopeds, said domestic sales dropped by 25.58% in April-Oct and exports fell by nearly 40%.
Earlier last week, the Election Commission had written to all national and state parties asking them to follow all COVID-related guidelines during public meetings, rallies and other activities.
Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and the projects the government has announced.
With the controversy over 'love and narcotic jihad' remark by Pala Bishop Joseph Kallarangatt refusing to die down, the Congress and the Bharatiya Janata Party on Monday engaged in a fresh round of verbal sparring.
The prices will be decided during the time of launch, as TVS hopes that given the cost increase, the government may consider bringing down GST for two-wheelers.
TVS Motor Company would roll out its bikes from Indonesia plant this month eyeing a first year sales of up to 90,000 units in that market amidst plans to spread its wings in the South East Asian region.
The hill shrine had been witnessing protests by devotees and right wing groups against the government's decision to implement the September 28 Supreme Court verdict, permitting women of all age groups to offer prayers at the temple.
In September, sales of 125cc models - that include the Hero Glamour, Splendor, Pulsar 125, Victor Star City, among others - grew by a whopping 30 per cent over the same period a year ago to 305,615 units.
Protesting against the police action, BJP has called for a dawn-to-dusk hartal in Thiruvananthapuram district on Tuesday.
'You are giving undue importance to this kind of stuff. In the age of the internet, you are making this an issue. It is best forgotten,' the bench had said while hearing a plea to ban the Malayalam novel Meesha (moustache) written by S Hareesh.
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
Will voters in Ernakulam take to the Communist MP who asked 447 more questions and took part in 162 more debates than your average MP? Will Arun Jaitley's wish come true? Krishna Prasad, the renowned journalist and Outlook magazine's former editor-in-chief, reports from Kochi.
TVS should be prepared for a rough ride as Bajaj Dominar, Mahindra Mojo, Royal Enfield Classic 350 and many others are stepping on the gas for a slice of this category.