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The broader NSE Nifty plunged 119.15 points, or 1.01 per cent, to 11,709.10.
ITC was the biggest gainer in the Sensex pack, rallying 3.14 per cent. Maruti Suzuki, Axis Bank, Hero MotoCorp, Vedanta, Asian Paints, M&M, HUL, Bajaj Auto and PowerGrid were among the other top gainers, rising up to 2.13 per cent.
"The two-wheeler industry is one of the very few industries which has witnessed a degrowth during the last fiscal due to lack of funding options in rural areas," Hero Honda Managing Director Pawan Munjal said on the sidelines of Hero Mindmine Summit.
Reaction to the death of three-times Formula One champion Niki Lauda, who died on Monday at the age of 70
The ongoing credit squeeze in the sluggish two- and three-wheeler markets may affect the March sales targets of the three leading domestic players in the country. Taking the cue from a buoyant FY07 where the two-wheeler industry grew by a healthy 11.42 per cent, companies such as Hero Honda, TVS Motors and Bajaj Auto were hoping to surpass the FY07 target of 7.8 million units this year.
India's largest motorcycle maker, Hero Honda Motors on Wednesday said sales rose 15 per cent in November 2004.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
Naukri.com's Hiring Outlook Survey for 2020 reveals the jobs and sectors that saw a surge in demand during the pandemic.
The existing players say that their traditional advantages will propel the two-wheeler industry against any threat from Tata's car.
The lumbering Ambassador and Fiat cars, it ruled the Indian roads throughout the 1970s, while the Rajdoot and Jawa as well as the old Royal Enfield motorcycles trailed far behind.
Here are 6 Indian motorcycles which were complete failures in the Indian two-wheeler market.
All are entry-level performance bikes that don't cost a bomb!
The Sensex opened with a positive gap of 20 points at 10,133.
Biggest contribution came from Bharti group-led Satya Electoral Trust.
New launches as well as upgrades to existing scooter models marked this year as manufacturers competed with each other to satiate the demand for new and interesting automatic scooters.
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
We bring you the top 10 bikes that made their mark in 2016
The Pulsar 200 SS has been eagerly awaited and is bound to be a massive success among bike enthusiasts, says Faisal Ali Khan
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
At present, there are many vehicles that weigh close to the proposed increased weight of 600 kg.
Quite a few large- and mid-cap stocks are yet to recover from the note ban, pharma, banking and rural demand-based industries among laggards.
These commuter bikes, or Aam Aadmi bikes as they are called because of their affordable pricing, were all the rage in 2014.
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
Gains were led by Tata Motors amid robust sales in June along with select financials.
The broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.
Ajit Balakrishnan on mapping the Business Serengeti.
Auto stocks are weighing on the indices.
Product launches to drive incremental volume growth for players such as Maruti Suzuki; medium and heavy commercial vehicle revival on track.
At Rs 18,400 per share, value up 100 times since Lehman crisis
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
The biggest two-wheeler market in the world is -- of course -- India. Guess who are the gainers? Yamaha and Honda.
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