Eicher Motors' shareholders in its recently held annual general meeting (AGM) have rejected a proposal for re-appointment of Siddhartha Lal as the company's managing director for a period of five years with effect from May 1 this year. During the company's 39th AGM, which was held earlier this week, the members also rejected the proposal of increasing Lal's remuneration. While 73 per cent of the votes favoured the re-appointment, the rest 27 per cent were against it.
The two-wheeler sector has been underperforming its peers on the volumes front for over five quarters now. Even in the March quarter, Bajaj Auto and Hero MotoCorp posted a 17-24 per cent YoY decline in volumes, the sharpest in the listed auto universe. The ongoing impact of frequent price hikes, all-time high fuel prices, and muted rural sentiment has led to the lacklustre showing by two-wheeler makers. What has aggravated the situation for two-wheeler companies, which get almost all their sales from the internal combustion engine or ICE-based units, is the traction for electric two-wheelers (EV).
The two-wheeler segment is, however, still far from its H1FY19 peak of 9.7 million units
Leading tyre maker Apollo also saw a production loss of 450 tonnes till December 2.
The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry - Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, and Royal Enfield - are based.
His transformational vision and strategic orientation played a crucial role in navigation of BMW Group India in a challenging business environment.
Sukanya Verma celebrates her milestone 40th birthday on July 16 by looking at the 10 important performances of her career.
We take a look at vintage two-wheelers on display at the just-concluded Auto Expo 2016.
With the launch of three new bikes in october, Harley-Davidson, the luxury cruiser motorcycle manufacturer, has brought its country-wide offering in line with its other overseas markets. British motorcycle brand, Triumph, is the only price competitor.
It may get a little confusing to take your pick when the menu has so many options, so we try to clear things out with a list of enthusiast bikes
The stock of two wheeler maker Eicher Motors was the highest gainer among BSE 100 stocks, rising 6.6 per cent in trade on Friday. The gains came on the back of better than expected performance in the March quarter of the 2022-23 financial year (Q4FY23) and earnings upgrades by brokerages. Standalone revenues (Royal Enfield) were up 19.9 per cent year-on-year (YoY), led by an 18 per cent growth in volumes and a marginal uptick in realisations.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
In one of the most-awaited acts of the day, the women constables, in their debut, created some stunning formations, such as "fish riding, side riding, faulaad, peacock and Saptarishi", that dropped jaws and drew cheers. Now this is what we call women power!
Can the Bajaj-Triumph tie up overtake the beloved Royal Enfield?
Barely a month after breaking covers, the models -- the Jawa, the Jawa 42 and the Perak -- were sold out, reports Shally Seth Mohile.
After lagging behind other segments in the automotive (auto) space over the past few years, two-wheelers are expected to reverse their volume underperformance. After witnessing a 36.3 per cent volume decline over the 2018-19 (FY19) through 2021-22 (FY22) periods, the sector staged a recovery in 2022-23 (FY23), with volumes rising 17 per cent. While volumes are still a quarter lower than the FY19 peak of 21 million units, a double-digit growth trajectory is expected to prolong.
Thirty-six intrepid riders from the BSF Seema Bhawani All-Women Daredevil Motorcycle Team have set out on a pan-India journey with an important message -- there is nothing that can stop women from achieving their dreams.
Can Bhavish Aggarwal upend the electric two-wheeler market, which is now overwhelmingly in favour of scooters?
The unprecedented rainfall in Chennai during the first week of December and the resultant flooding had impacted the business operations of companies operating in Chennai
'Can Tendulkar recreate the magic of his youth?', asks advertising guru Sandeep Goyal.
We bring you the top 10 bikes that made their mark in 2016
TVS should be prepared for a rough ride as Bajaj Dominar, Mahindra Mojo, Royal Enfield Classic 350 and many others are stepping on the gas for a slice of this category.
Here are 6 Indian motorcycles which were complete failures in the Indian two-wheeler market.
Much to the disappointment of booklovers, Westland, one of the largest publishing houses in India, is being shut down by e-commerce giant Amazon, they announced on Tuesday.
Some people say I treat it as my wife, others ask why care so much, it is a machine it has no feeling, it has no life, but hell I say, once I hear it roar it does make me feel alive, is how Get Ahead reader Adamya Manshiva expresses his love for his favourite bike.
Reliance Industries accounted for Rs 6.3 trillion in wealth created since 1995; closest rival was Hindustan Unilever which was at Rs 4.9 trillion.
Despite some manufacturers giving the Expo a miss, there will still be plenty of action.
Along with Union Sports Minister Kiren Rijiju, Pema Khandu undertook a 107-km all-terrain vehicle ride from PTSO Lake to Mago village in Tawang district along the Indo-China border.
These five vehicles are the most popular two-wheelers launched till date in 2016. However, 2016 is still on and we are expecting lot more exciting vehicle launches around the festive season.
What has hit sentiment further is a draft proposal by the government to increase vehicle insurance premiums for financial year 2022-23 (FY23). Third-party motor insurance premiums have not been increased over the last two years and if this is approved, insurance costs for specific segments could rise by a fifth. The worst impacted is the 350cc and above two-wheeler segment, where premiums are up 21 per cent. Royal Enfield (Eicher Motor) is the market leader in the segment. The premiums in the 150-350cc two-wheeler category are also being inc
At Rs 53,900, the Hero Splendor Pro Classic is the cheapest cafe racer motorcycle in the world, says Faisal Ali Khan of MotorBeam. The other locally manufactured cafe racer styled motorcycle is the Royal Enfield Continental GT.
Two years after it hitched a ride with Hero MotoCorp (Hero), Harley-Davidson (Harley) and the Pawan Munjal-led firm are gearing up to ride into the middleweight (midweight) motorcycle segment (350-850cc) in the world's largest two-wheeler market.
Captain Shikha Surabhi is the first woman to lead a formation of 36 men and 9 Royal Enfields of the Indian Army's motorcycle display team on Republic Day.
Logistics, due to road conditions, continues to pose a challenge.
Tata remains India's powerful brand with its value ring over $15 billion for the first time.
'Belonging to a Muslim family, I obviously had my own set of issues to deal with but I don't remember my father saying 'no' to anything.'
The NSE Nifty gained 77.85 points, or 0.71 per cent, to finish at 11,008.30. Intra-day, it shuttled between 10,821.55 and 11,035.65.
Most of the leading vehicle manufacturers were before the court, though their stand was not identical and sometimes contradictory.
Can it take Hero Impulse's legacy to the next level? Can it rival Royal Enfield's Himalayan?
The growth momentum that started during the festival season is likely to sustain in the new year, reports Arindam Majumder.
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