Bike-taxi drivers are also left stranded as many depended on the service.
Ducati's Francesco Bagnaia won the season-ending Valencia Grand Prix on Sunday to claim a second straight MotoGP World Championship after closest contender Jorge Martin crashed out following a collision with Marc Marquez.
Ducati's red-hot Marc Marquez won the Argentina Grand Prix on Sunday after trailing his brother Alex of Gresini Racing for much of the race as the pair finished in the top two yet again, while VR46 Racing's Franco Morbidelli was third.
With a new chief executive officer (CEO) at the helm, the country's largest two-wheeler maker Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'. Recently, the company's erstwhile chief financial officer (CFO) Niranjan Gupta was elevated as CEO.
Hero MotoCorp (HMCL) saw strong volume performance in the first quarter of the current financial year (Q1FY25), but margins disappointed due to weak spare part sales and negative electric vehicle (EV) margins. The company hopes for a strong festive season due to better rural sentiment. Revenue grew 16 per cent year-on-year (Y-o-Y) to Rs 10,140 crore, operating profit was up 21 per cent to Rs 1,460 crore, and adjusted net profit grew 19 per cent Y-o-Y to Rs 1,120 crore.
Following a complaint by a police inspector, the case was registered at Cubbon Park station, they said.
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global market trends are also likely to influence sentiments, traders said.
Maruti Suzuki India (MSIL) said on Thursday its operations are unaffected by the global rare earth magnet shortage, but added that the situation is "uncertain and evolving". The firm said it is exploring multiple solutions to maintain continuity in operations and will notify stakeholders in case of material impact.
The Enforcement Directorate on Tuesday conducted raids against Hero Motocorp executive chairperson Pawan Munjal and others as part of a money laundering investigation, official sources said. The searches were carried out at premises located in Delhi and neighbouring Gurugram in accordance with provisions of the Prevention of Money Laundering Act (PMLA).
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.
Speaking to reporters after a cabinet meeting, the chief minister also announced a one-man judicial probe, headed by Justice Michael D'Cunha, a retired high court judge of Karnataka, into the tragic incident.
Hero MotoCorp, a major player in the two-wheeler market, has seen a 9 per cent rise in its stock since the beginning of the month. This increase, driven by the largest motorcycle company by volume, is attributed to expectations of a revival in rural sales due to normal monsoons, government measures to boost consumption, recent market share gains, and a large valuation discount compared to peers. In the near term, the company's volume performance and growth trajectory, particularly in rural markets and entry-level segments, are expected to be key drivers.
Top officials from MotoGP's commercial rights holder Dorna had visited India earlier this month to sign a seven-year MoU
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.
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.
The Enforcement Directorate on Friday alleged that Hero MotoCorp executive chairperson Pawan Kant Munjal used foreign currency issued in the name of others for his personal expenditure abroad to "override" RBI rules and attached his assets worth Rs 24.95 crore as part of a money laundering investigation. Three immovable properties (in the form of lands) of Munjal located in Delhi have been provisionally attached under the provisions of the Prevention of Money Laundering Act (PMLA), the central agency said in a statement.
From the passion of MotoGP champions to the intensity of football pitches and the elegance of synchronised swimming, this collection of images captures unforgettable moments in sports and beyond.
Long standing number two passenger vehicle maker in India, Hyundai Motor India, has slipped to fourth position in the domestic market in terms of retail sales last month behind Maruti Suzuki India, Mahindra & Mahindra and Tata Motors, as per the latest data shared by dealer's body FADA. Hyundai Motor India clocked retail sales of 38,156 units last month, a dip of 20 per cent as compared with 47,540 units in February last year.
Ducati's Marc Marquez returned to the top step of the podium with victory at the Qatar Grand Prix on Sunday despite suffering damage to his bike in a collision with his brother Alex on the first lap.
MotoGP, the pinnacle of two-wheel racing, could come to India in the winter of 2023 if all goes ahead as planned, providing a massive boost to the stagnant motorsport scene in the country.
The Congress demanded that the government and the Election Commission come clean on the EVM issue and urged the Supreme Court to take suo motu cognisance of the matter.
The Moto G8 Plus brings together the best of the Motorola One-series and Moto G-series, says Khalid Anzar.
Motorola's affordable new series gets cool upgrades.
Two-wheeler market leader Hero MotoCorp has denied the report of the IT Department finding Rs 1,000 crore false expense claims, saying it is speculative. The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities and will continue to do so if required. "The allegations made in the press report are not borne out of any documents that have been served on us or our internal documents.
But how do they compare with their competitors? Ashish Narsale has the answer.
Major two-wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October, driven by the festival fervour.
Dupasquier was airlifted to a hospital in Florence after a crash at turn nine involving three bikes in which Tech 3 KTM's Ayumu Sasaki was unable to avoid the Prustel GP rider.
Tatas, Ambanis, Adanis, Birlas contributed an average of Rs 800 crore to Rs 1,000 crore per family group.
'If it is not reversed, it will set a dangerous precedent.'
The government resolution does not spell out what action would be taken, if any, against those writing and publishing 'negative' news. Nor does it define 'negative news and "misinformation', explains Jyoti Punwani.
Major two-wheeler (2W) manufacturers in India witnessed a single-digit decline in domestic sales in November after dispatches had picked up in October for the festive season when wholesales went up by 14 per cent and retail also grew by 36 per cent.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
The incident happened on Monday as activists of the Hindu Sangharsh Samity were protesting the arrest of Hindu leader Chinmoy Krishna Das and atrocities on minorities in Bangladesh.
Leading two-wheeler maker Hero MotoCorp is going full throttle to launch a Harley-Davidson model with retro styling as it looks to enter a very profitable segment in the premium motorcycle space, according to a senior company official. The alliance between Hero and Harley-Davidson fructified last year after the iconic US two-wheeler maker announced discontinuation of sales and manufacturing operations in India, a decade after it started selling its premium bikes in the country. "There are two legs to the Harley tie up strategy. One of course is that we are the sales distributors for Harley bikes in India.
Not much, says Himanshu Juneja in this review of Moto G4
Ducati would like to develop a motorbike racetrack on the lines of the Buddh International Circuit.
A magistrate's inquiry has found five policemen responsible for the custodial death of Akshay Shinde, who was accused in the Badlapur school sexual assault case. The Bombay High Court ordered an FIR to be registered against the five policemen, following the magistrate's report. Shinde was arrested in August 2024 for allegedly assaulting two minor girls and was killed in an alleged police shootout in September while being taken from prison for questioning. The police claimed he snatched a gun and opened fire, but the magistrate found the five officers responsible for his death. The court has asked the public prosecutor to inform the bench in two weeks on which probe agency will investigate the case.
The index could be vulnerable to a bigger fall given the present market dynamics.
Lenovo's Motorola is hogging the limelight like never before with the unveiling of the Moto G3, Moto X Play and Moto X Style on the same day. We try to unravel what exactly you must know about the Motorola Troika.
A bigger screen, improved camera and speakers are the USP of the new Moto G. But it's not a phone that would make you jump up and run for the phone, but it's a safe bet, says Manu Shankar
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