Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
'Price competition is fierce, with many companies selling at zero margin.' 'This pricing pressure is challenging smaller companies and will likely drive some out of the market over time.'
Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
After termination of the joint venture with Honda Motor Corporation (HMC), the world's single largest two-wheeler manufacturer Hero Honda has begun scouting for partners globally to source technology and designing expertise.
The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said. Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Eicher Motors and Tata Motors are some of the big names in the list and the next phase of voting," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
The environment ministry is likely to soon issue regulations that will mandate automakers to recycle a specified percentage of steel from old vehicles, starting from the next financial year, according to people familiar with the matter. "We recently held a meeting with members of the Society of Indian Automobile Manufacturers (Siam). "The final regulations are likely to be issued in the next 10 days," a government source informed.
The country's largest two-wheeler maker Hero Honda on Tuesday said its erstwhile Japanese promoter Honda Motor Co has exited the company completely after selling its 26 per cent stake to a group firm of the Indian promoter family.
The company will utilise this time to carry out maintenance work at its manufacturing plants.
MG Motor India on Tuesday said it will shut its manufacturing unit at Halol in Gujarat for seven days to curb the spread of COVID-19 as the second wave of the pandemic is sweeping across the country. The company follows Hero MotoCorp, which had last week announced temporarily stopping of operations at all of its six manufacturing facilities located at Dharuhera and Gurugram, Haryana; Chittoor in Andhra Pradesh; Haridwar in Uttarakhand; Neemrana in Rajasthan, and Halol in Gujarat along with its Global Parts Center (GPC) at Neemrana as COVID-19 cases surged in India.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Domestic motorcycle market leader Hero Honda Motors on Monday said it would foray into scooter manufacturing and launch two motorcycle models this fiscal.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Friday reported robust sales for February as demand for sports utility vehicles continued to remain strong. Mahindra & Mahindra, Toyota Kirloskar Motor and Honda Cars also witnessed higher vehicle dispatches to dealers last month. February turned out to be the third-best month for sales for the industry ever.
Easygoing and affable, he was the quintessential relationships man.
As macroeconomic numbers continue to disappoint, reaching pre-Covid level is unlikely in FY21.
With sentiment for the automotive (auto) sector turning positive, stocks of two-wheeler auto majors have been hitting their 52-week highs. Hero MotoCorp, Bajaj Auto, TVS Motor Company, and Eicher Motors recently reached their yearly highs on strong sales in the festival season and the expectation of faster growth rates ahead. Since the start of this month, listed two-wheeler majors have delivered returns in the 12-17 per cent range, compared to the 7 per cent gains for the S&P BSE Auto Index and 3 per cent for the benchmark S&P BSE Sensex.
Hero Honda Motors, India's largest motorcycle maker, on Monday said sales rose 18.3 per cent in October 2004.
This partnership will help us improve our own capability, says Munjal.
It has been seven months since the iconic motorcycle manufacturers, Harley-Davidson and Triumph, embarked on their journey in India with the backing of partners Hero MotoCorp and Bajaj Auto. According to data shared by the Indian majors, both brands are already creating ripples in the above 350cc category. The increase in sales has prompted a ramp-up in production and even the doubling of retail touchpoints for one of them.
'What volumes will we have with a Rs 1 lakh product?' 'As a company, we will not restrict it to a segment.'
Maruti Suzuki, riding on the success of models like Swift, Estillo and Dzire, posted a growth of 3.4 per cent over the same period in the previous fiscal.
According to trade experts Hero MotoCorp's Maestro is going to give a tough competition to Honda Activa.
Significant market size in these countries would help in biz expansion
Since the break up with Honda in 2011, Hero MotoCorp has succeeded in maintaining its numero uno position. But can it sustain the lead for long? How is Hero planning to maintains its top position?
India's biggest motorcycle maker Hero Honda Motors said on Monday that it would roll out a number of variants of its bikes soon and is expecting double digit sales growth this fiscal.
Mumbai Indians, finalists in last season's Indian Premier League, have a new sponsor in Hero Honda Motors Ltd, the world's largest two-wheeler manufacturer. The Mumbai players will sport the Hero Honda logo on the front of their jerseys in the fourth edition of the IPL.
The new bike, Splendor Pro, has features such as a power start and a new engine and comes in two variants, the company said in a statement.
Hero MotoCorp continues to update its products, albeit silently, to take on competition from Suzuki Slingshot, Honda Shine and TVS Phoenix
The broader NSE Nifty too ended 98.30 points, or 0.89 per cent, down at 10,918.70.
In addition to new launches and restructuring across product segments, festival demand also aided growth.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
EBR that produces race-only machines for bikes may just help Hero MotoCorp Ltd. (formerly Hero Honda Motors Ltd.) to build a powerful range of bikes post its divorce with Honda Motors.
The Argentinian becomes the first brand ambassador of the company in its 70-year history.
Tata Motors, Hero MotoCorp, Ashok Leyland, M&M are up 3-6% on BSE.
Bengaluru-headquartered electric two-wheeler manufacturer Ather Energy is all set to file its draft red herring prospectus within the second week of September to the Securities Exchange Board of India (Sebi) for its maiden initial public offering (IPO), in which it is expected to raise over $450 million. On Tuesday, the fourth-largest electric two-wheeler maker in the country by volume raised Rs 600 crore from its existing investor, the National Investment and Infrastructure Fund (NIIF), catapulting itself into a unicorn with a valuation of $1.3 billion.
Buoyed by growing sales and good monsoon, India's biggest motorcycle maker Hero Honda Motors is again considering setting up a third plant.
Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
Hero Honda Motors, India's biggest motorcycle maker, on Wednesday said sales grew 31.5 per cent at 1,91,635 units in August 2004 over 1,45,730 units in the same month last year.
