The Mumbai-based company will take on Hero Honda, Bajaj Auto and HMSI and will have models in the 100cc, 125cc and 150cc mobike segments, and also in the ungeared low and high-powered scooter segments. Hero Honda has a 60 per cent share of the motorcycle segment, while HMSI commands a 58 per cent of the scooter market. Anand Mahindra said: "Our two-wheeler project is complete; we have already begun marketing the fleet in Bangalore."
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
The broader NSE Nifty rose 32.15 points or 0.29 per cent to settle at 11,284.30.
After swinging 439 points during the day, the 30-share Sensex ended 141.33 points, or 0.38 per cent, lower at 37,531.98. It hit an intra-day low of 37,480.53 and a high of 37,919.47.
Although most companies had geared for increased production at their plants, most say the surge in demand was unexpected, partly driven by yesteryear purchases which had been postponed earlier due to lack of funds.
Auto Expo's Twitter handle (@AEMotorShow), with a follower base of 16,000, is abuzz with activity. The Facebook page of Auto Expo has about 158,000 followers.
Thirty stocks from various sectors form the Sensex.
IT sector replaces auto sector after a 6-month gap.
145 companies have paid Rs 125.65 billion (Rs 12,565 crore) as interim dividend for 2009-10
As competition hots up, more and more scooter manufacturers are turning their attention to the female buyers. Here are five scooters that are getting the desired attention.
Higher disposable incomes, rural push and infra push to boost auto sector
The first leg of the 35-day festive period, which ended with Dussehra, failed to bring any cheer for auto companies. While makers of passenger vehicles struggled to meet demand due to the persistent shortage of semiconductors, a recovery in demand remained elusive for two-wheeler manufacturers despite offers and schemes. The overall season, which ends two days after Diwali, is unlikely to bring any turnaround in either the supply or the demand scenario, said dealers and officials at auto companies.
Japanese auto major Honda Motor Co will commence exporting bikes by next year from India, a country which it sees as a future global hub, particularly for mass market models.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
However, compared to August, vehicle sales increased by 15.25 per cent on the back of discounts. Maruti led the market in offering heavy discounts and incentives for buyers and dealers, reports Arindam Majumder.
After ruling the Indian scooter scenario for a long period, Kinetic Motors is changing gears. It now wants to foray into the much-hyped and highly competitive motorcycles segment.
Japanese auto giant Honda on Thursday said it will set up a third two-wheeler manufacturing facility in India at Narsapuram, in Karnataka, with an installed annual capacity of 12 lakh units by 2013.
Japan's Honda Motor Co, the world's top motorcycle maker, said on Tuesday it will renew for 10 years a pact to supply technology to its Indian joint venture company Hero Honda when the current agreement expires in 2004.
Among the Sensex constituents, Larsen and Toubro emerged as the top performer with a gain of 2.76 per cent after the company announced winning large contracts from domestic clients.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
The car is expected to hit the road on October 23 and is being launched as Hyundai celebrates two decades in the country. Industry sources say that it will be priced at Rs 3,70,000 to stay competitive with its biggest competitors, Tata Tiago and Maruti Suzuki Celerio.
Second body blow after diesel ban on engines of 2,000 cc and above in NCR.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
The new scheme may link the incentives to the battery power - higher the power, higher the incentive and most electric two-wheelers running on Indian roads use low power and fast charging batteries.
Sectorally, metal, auto and IT stocks were leading gainers amid sustained foreign fund inflow.
US auto and industrial component major Timken Company on Thursday said it was looking at setting up a manufacturing facility in India
Five companies get more volumes from scooters than motorcycles.
The broader NSE Nifty sank 177.65 points or 1.53 per cent to 11,419.25.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
The broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses.
This is the first decline since June this year when car sales declined by 11%.
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
The cumulative m-cap of the companies listed on the BSE soared to a new peak of Rs 82,02,907 crore at 1200 hours.
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