Honda, the largest manufacturer of two-wheelers in the world, unveiled its Unicorn model, its first motorcycle to ever enter the Indian market.
While petrol starts at Rs 499,000 and goes up to Rs 760,000, the diesel variant is priced between Rs 599,000 and Rs 760,000.
Spiralling car loan rates continue to dent the passenger car market, as Tata Motors, Hyundai and Honda Motors reported slower sales in July over that in the corresponding month last year.
Hero Honda Motors, the country's largest motorcycle maker, on Friday said its sales rose by a modest 4.9 per cent in July 2003 to 143,141 units from 136,360 units in the same month last year.
To develop a series of motorcycles for the 250-500 cc segment
Maruti Suzuki and Hyundai Motor India on Monday reported a dip in passenger vehicle dispatches to dealers in the domestic market last month as the companies tried to adjust vehicle inventory amid slowing demand. Maruti Suzuki India said it "calibrated supplies" to the dealers, aligning with the industry's retail sales projections amid India-Pakistan conflict and a dip in sales of entry-level cars.
Japan's Honda Motor Co will introduce a premium hatchback in the Indian market in the next 2-3 years as it eyes sales of 1.5 lakh units by 2010, a senior company official said on Tuesday.
Hero Honda Motors on Friday said its motorcycle sales surged by 21 per cent in October 2003 to over 200,000 units from 165,066 units in the same month last year.
Hero Honda Motors on Wednesday said its motorcycle sales have jumped 17.6 per cent in September to 157,583 units, which it plans to increase to over 200,000 units in this month.
Hero Honda, the world's largest two-wheeler company, is scouting for a partner for its proposed foray into the four-wheeler segment.
A total of 15,623 Brios and 15,603 Amaze cars will be recalled
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.
Hero Honda announced on Monday the launch of its fuel-injection technology motorcycle Glamour FI, whose prices start from the range of Rs 49,990.
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.
Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.
The company is looking at buying steel and electrical components from Indian suppliers for the car to be cost competitive, Honda Motor Co executive vice-president and representative director Koichi Kondo told reporters while unveiling the concept of new small car at the Auto Expo in New Delhi.
Hero Honda Motors on Monday said its motorcycle sales grew by 6.1 per cent in August to 145,730 units, from 137,264 units in the same month last year.
Apart from considering a sports utility vehicle on its premium hatchback Jazz platform, using the same 1.5 litre engine that will power the entry level sedan Amaze, R&D officials of the company said they are also working on smaller diesel engines keeping in mind the Indian market.
Honda entered the diesel car segment with the Amaze and it became fastest in HCIL history since its inception in the Indian market to cross the milestone
Apple and its vendors are aiming to assemble 32 per cent of iPhone's global production volume and 26 per cent of its value in India by 2026-27 -a year after the final year of the five-year production-linked incentive (PLI) scheme for mobile devices. This could translate into a production value of over $34 billion, assuming global iPhone sales remain consistent with 2023-24 (FY24) levels. The estimates are based on discussions between Apple Inc and its vendors, along with central and state governments, regarding the assembly of products in India, according to sources.
Honda cars has strengthend market share in India in the past five years.
Significant market size in these countries would help in biz expansion
Leading carmakers Maruti Suzuki and Hyundai on Thursday reported a dip in wholesales in July as companies reduced vehicle dispatches to dealers amid moderation in demand. Maruti Suzuki India said its total domestic passenger vehicle sales stood at 137,463 units in July against 152,126 units in the year-ago month, down 9.64 per cent.
The task of usurping three leading brands is far from easy. However, Amaze has shown it can be attempted.
Honda Cars India is recalling a total of 1,338 units of its premium sedan Accord and sports utility vehicle CR-V manufactured between 2002 and 2003 to replace a faulty part in the passenger side airbags. The recall, which is part of Honda's global recall regarding the potential defect related to passenger air bag announced in June 2014, would cover 1,085 units of Accord and 253 units of CR-V.
India's biggest motorcycle maker Hero Honda Motors on Thursday said its sales grew by 23.4 per cent during 2003-04 over the previous fiscal.
The Honda CD110 Dream is a motorcycle which is aimed at winning Hero Splendor customers
Hero MotoCorp, India's largest two-wheeler maker, has seen a decline in its market share in rural areas since 2018, losing ground to major competitors such as TVS Motor Company, Bajaj Auto, and Honda Motorcycle & Scooter India (HMSI), according to data from JATO Dynamics reviewed by Business Standard. Hero's share of rural two-wheeler sales in India has dropped from 40.4 per cent in 2018 to 33.3 per cent in 2023. In contrast, Bajaj's share increased from 12.7 per cent in 2018 to 13.9 per cent, HMSI's from 21.8 per cent to 22.2 per cent, and TVS' from 15.5 per cent to 17.8 per cent. Suzuki Motorcycle India has also seen its share rise from 1.7 per cent to 2.5 per cent.
Dealers said the discounts this March are higher than the same month in the previous year.
However, while Splendor's annual sales surged 31.7 per cent to 3.638 million units between 2019 and 2024, Hero's other models suffered sharp drops.
'Without his vision and foresight, his willingness to take a risk that no one else was willing to take, his deep and abiding love for India, the Indian automobile industry could not have become the powerhouse that it has become.'
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.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
Even as India overtakes Japan in automotive sales in 2022, moving to third place for the first time, oddly enough the country's biggest motor show is going to see some big hitters give it a clear miss. Some prominent automotive brands have cited high event costs, negligible returns on investment, poor event management, and unfavourable location as reasons for their reluctance to participate. Major pure-play electric two-wheelers, too, are riding past this year's edition of the Auto Expo.
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.
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.
Japanese auto major Honda Cars on Thursday unveiled its new offering for the Indian market -- City e:HEV sedan, marking its foray into the mainstream strong hybrid electric vehicle segment in the country. The company, which is present in India through a wholly-owned subsidiary, has commenced the bookings of the model and plans to introduce it in the market next month. As per the company, the model, an extension of its City model range, would feature self-charging two-motor strong hybrid system connected to a 1.5 litre petrol engine, entailing a peak power of 126 PS and fuel efficiency of 26.5 km per litre.
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