Keen competition will make the going tough even for market leaders in the segment.
Tax concessions in Uttarakhand are encouraging auto majors from Hero Honda to Tata Motors to shift a larger part of their manufacturing to the state to counter rising raw material costs and increase their flexibility to offer consumers cheaper models in a competitive market.
During April, Maruti Suzuki India's domestic car sales were up 2.72 per cent at 86,481 units, as against 84,188 units in the same month last year.
Honda's chief executive on Sunday disputed the low-cost business model championed by India's Tata Motors, saying that bad roads and high petrol prices would keep many emerging market travellers on motorcycles for years to come.
Riders Karanbir Singh and Pankaj Trivedi rode their way into the Limca Book of Records (validation by Limca Book of Records awaited) by successfully completing the run from Kanyakumari, India's southernmost tip to Khardungla, the world's highest motorable road up in the Himalayas, in 5 days, 5 hours and 45 minutes.
Second body blow after diesel ban on engines of 2,000 cc and above in NCR.
India Inc, while welcoming the Reserve Bank of India's move to cut the key interest rate, expressed doubts on lenders' response to pass on the benefits to customers.
The Indian Institute of Management, Lucknow, invites industry delegates and management students to attend its annual IT management seminar, AIMS 2006.\n
At least 38 PLA troops drowned while crossing a fast-flowing, sub-zero river in darkness, according to an article in the Australian newspaper The Klaxon which cited a report prepared by a group of social media researchers after a year-long investigation.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 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.
The Sensex moved higher after opening with a gain of 12 points at 7,888.
Oil and Natural Gas Corporation has been adjudged the greenest company in the country, while Reliance Industries has been ranked second in a survey conducted by Business Today-ACNielsen ORG-MARG.
It is now mandatory for corporate entities to file their tax returns through electronic-filing system, a mechanism developed as part of government's efforts to foster 'friendlier' relations between tax authorities and assesses.
Pharmaceutical major Matrix Laboratories has emerged as the fastest wealth creator while state-owned Oil and Natural Gas Corporation
All are entry-level performance bikes that don't cost a bomb!
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.
TCS was the biggest loser in the Sensex pack, sliding 3.17 per cent, followed by HCL Tech, Yes Bank, IndusInd Bank, RIL, ICICI Bank, Infosys, Tata Steel, Kotak Bank and L&T, down up to 2.34 per cent.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
Losers included Bharti Airtel, SBI, Wipro, Vedanta, Maruti Suzuki, ICICI Bank, Axis Bank and Reliance Industries, falling up to 2.18 per cent.
The price war in the motorcycle market is all set to worsen with large production capacities at tax-free locations in the north ready to go on stream.
Declining sales and sliding margins are compelling two-wheeler makers such as Bajaj Auto, Hero Honda and TVS Motors to rejig strategy, to cope with the slowdown.
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
The rally was led by IT stocks, with TCS and Infosys rising up to 5 per cent. Yes Bank, on the other hand, was the biggest loser on both the bourses, cracking nearly 12 per cent
Maruti Udyog Ltd has been rated the 'most trusted' passenger car company of the country, according to a survey by global research firm TNS.
The existing players say that their traditional advantages will propel the two-wheeler industry against any threat from Tata's car.
IDFC believes that for a sustainable 8% annual growth in GDP, Indian roads need to keep pace with a 9% growth.
The year gone by witnessed some amazing new and updated products launched in the 150cc premium commuter segment. Let's check them out.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
These commuter bikes, or Aam Aadmi bikes as they are called because of their affordable pricing, were all the rage in 2014.
Rajiv Bajaj is on a high. First Bajaj Auto raced into the executive segment with the Discover snapping up a share of 21 per cent
The markets opened firm on Tuesday and crossed the 7,800 mark after opening with a gain of 7 points at 7,774.
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
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.
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.
