Honda has grown from 15% in FY12 to 27% now; Yamaha has doubled share to 5% in five years.
Ola Electric on Monday said it will foray into the electric car segment with plans to launch its first model by 2024. The company, which struggled with deliveries for its electric scooters after it announced entry into the segment exactly a year ago, has set an ambitious target of selling 10 lakh electric cars by 2026-2027. In a press conference, Ola founder and CEO Bhavish Aggarwal said Ola Electric aims to provide a range of electric two-wheelers to electric cars which are priced in the range of Rs 1 lakh to Rs 50 lakh.
The HMSI Employees Union has demanded basic pay increments of Rs 15,000 for permanent workers, Rs 10,000 for contract workers and Rs 4,000 for apprentices.
HMSI is now planning to introduce a 200cc bike that would battle with Hero Honda's Karizma and Karizma ZMR.
'The fundamentals look strong, but we will have to see if they translate into actual demand.' 'Because the April-May marriage season didn't see much sales due to the lockdown.'
The BJP also promised Rs 25,000 to girls from economically weaker sections under the 'Rani Gaidinliu Nupi Maheiroi Singi Scheme' if voted back to power.
Can paying Akshay Kumar Rs 50 crore to become brand ambassador for the 100cc commuter bike, the Dream Yuga, help Honda Motorcycle & Scooter India (Private) Ltd take the number one position by displacing Hero MotoCorp's hot-selling splendor? Of course not, feels biking enthusiast and blogger Faisal Ali Khan.
After a very weak December quarter and a poor year-to-date fiscal year volumes-when sales plunged to the lowest in nine years, the signs in the first 15 days of January haven't been encouraging either. "Though the severity of the current wave is not as high as the previous one, it has hit the sentiments hard impacting conversion of enquiries into sales," said Vinkesh Gulati, president, Federation of Automobile Dealers Association (FADA).
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
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.
Domestic passenger vehicle dispatches witnessed a 13 per cent year-on-year rise in April as demand remained robust across segments, industry body Siam said on Friday. The total passenger vehicle dispatches from companies to dealers rose to 331,278 units last month compared to 293,303 units in April 2022. Market leader Maruti Suzuki India dispatched 137,320 units to dealers last month against 121,995 units in April last year.
While the company has not disclosed the exact price, the new bike is expected to be tagged around Rs 42,000 (ex-showroom, Delhi).
While the Hero Group is working out a new brand strategy, Honda Motor Corporation is preparing to step on the gas and corner a larger share in what is ranked as the second largest two-wheeler market in the world.
After witnessing a buoyed response for the premium class superbikes it has been selling since the past one year, Honda Motorcycle and Scooters India, the Indian subsidiary of Japanese auto giant Honda Motor Corporation, will launch yet another superbike by the end of this year.
Layoffs, corporate restructuring, governance and most importantly profitability: The 14 Indian startups that plan IPOs this year are pulling out all the stops to ensure successful market debuts.
The NCMC facilitates convenient travel while integrating last-mile connectivity, a must in India's extensive landscape. It enables travellers to pay for a cross-section of needs, including toll tax, retail shopping, and withdrawing money.
Honda cars has strengthend market share in India in the past five years.
'I thought of a suppressed country and a free world.' 'If we travel from one to another, what will that road look like?' 'What colours, music there will be? What kind of people would you see?'
No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.
Meanwhile, HMSI has raised its production capacity to 15 lakh units per year with the recent inauguration of its third assembly line.
Honda Motorcycle & Scooter India Pvt Ltd (HMSI) will set up its second plant in Rajasthan at an investment of Rs 1,100 crore (Rs 11 billion) with an installed capacity to produce 12 lakh units per annum.
Addressing a press conference before the launch of the bike, Deepak said Bhopal provides huge opportunity for expansion and the company is looking forward to introduce and promote its range of products in the city. With increased choices now available in the market, he said Indian youth today were actively on a look out for brands that have a high 'style and attitude' quotient.
Sales of total electric vehicles in India are expected to be around 10 lakh units this year, equal to what was sold collectively in the last 15 years, mainly riding on the good traction witnessed by electric two-wheelers, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday. In 2021, the sales of electric two-wheelers (E2Ws) in the country jumped over two-fold at 233,971 units driven by a good traction of high-speed scooters as compared to 100,736 units in 2020, SMEV said in a statement. "We haven't seen better days than the last few months in the entire EV journey.
VFR1200F is a concept driven by extensive customer needs", said Honda Motorcycle & Scooter India president and chief executive officer Shinji Aoyama.
Market leader Maruti Suzuki India's passenger vehicles sales declined by 2.34 per cent last month at 133,702 units. Hero MotoCorp reported total two-wheeler sales of 480,196 units last month, down 20.05 per cent.
According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,59,036 units as compared to 1,63,199 units in the same month of 2013.
Japan on Tuesday said the labour unrest at Honda Motorcycles and Scooters India could impact foreign direct investment inflows into India, but ruled out its intervention in the matter.
"We sold 16.85 lakh units in FY 2011. In the current fiscal, we plan to increase it to 21 lakh units. We will continue to grow faster than industry. The turnover is also expected to jump to Rs 7,500 crore (Rs 75 billion) this year," company head sales N K Rattan said in New Delhi at the launch of the bike CBR 250R.
Passenger vehicle wholesales in India rose by 14.16 per cent in August to 2,15,916 units, driven by pent-up demand, industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers, passenger vehicle wholesales stood at 1,89,129 units in the same month last year.
In a relief to the management of Honda Motorcycle and Scooter India (HMSI), which is facing labour unrest, a civil court in Gurgaon has ordered the local administration, including police, to evict striking contract workers.
Sales of commercial vehicles rose 8.59 per cent to 56,140 units in September, SIAM said.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
The Haryana government has facilitated an agreement between the agitating workers and the management of Honda Motorcycles and Scooters India Limited, Haryana Chief Minister Bhupinder Singh Hooda said late on Friday night.\n\n
Stating that the plans for unveiling the vehicle are at the final stage, Mohindroo said, "the company would showcase the motorcycle in the Auto Expo 2010."
The launch is part of the company's strategy to increase its sales in the Indian two-wheeler market. The new version of its 125 cc sports bike -- CBF Stunner -- priced at Rs 64,630 (ex-showroom, Delhi) -- will be equipped with PGM-FI (programme fuel injection) technology which gives more power, HMSI said. It will be available in the market by the first week of June, it added.
Around 200 contract workers of two-wheeler manufacturer Honda Motorcycle and Scooter India, the fully owned subsidiary of Japan's Honda Motor Co, went on strike on Tuesday demanding regularisation of services.
Honda Motorcycle and Scooter India Pvt Ltd, 100 per cent subsidiary of the Honda Motor Company, will launch its MotoGP edition motorcycle in the country next month, a top company official said.
