The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
Glimpses from the Bharat Mobility Global Expo in New Delhi.
The battle for the top spot in the two-wheeler market is intensifying. The gap between Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) in retail sales narrowed to just 45,607 units in June. This improvement comes as HMSI has clawed back market share after dipping to a historic low of 18 per cent in May 2023. Now, the retail market shares of the two companies are 28.86 per cent and 25.54 per cent, respectively, compared to 35.54 per cent and 18.05 per cent in May 2023.
Honda Motorcycle and Scooter India (HMSI), the country's second-largest two-wheeler manufacturer, is planning to launch its first electric vehicle (EV) here by March next year, said CEO & MD Atsushi Ogata on Monday. The company would also enter the low-end motorcycle market in March by launching a 100cc engine bike at a price that will "positively shock" customers, he said while speaking with reporters, after launching the Activa with Honda Smart Key. HMSI's first EV, an electric scooter, will have a fixed battery and the second model will have two swappable batteries, Ogata explained.
Peppy, powerful and practical these five scooters will set the Indian roads on fire in 2013.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
Bhavish Aggarwal, founder and chief executive officer of Ola, is encouraging developers to switch from Google Maps to Ola Maps. Ola is offering developers a year of free access to Ola Maps on the company's Krutrim Cloud and over Rs 100 crore in free credits. This initiative comes after Ola replaced Google Maps with its own Ola Maps, leading to annual savings of around Rs 100 crore.
Passenger vehicle sales are expected to experience muted growth in the current financial year.
Yamaha is all set to fire up the scooters segment in India with the launch of Ray this Diwali at Rs 50,000 to take on Suzuki's Access and Piaggio's Vespa.
Led by Ola Electric, which registered an industry record of 53,186 vehicles in March, electric two-wheeler (e2W) penetration hit a record at 8.91 per cent - the highest ever for a month (based on Vahan data).
The Segway scooter claimed another victim at the Melbourne Cricket Ground on Wednesday when it clean bowled former Australia wicketkeeper Ian Healy shortly before the third day of the first Test against India.
Customer satisfaction levels for scooters in the country dropped marginally this year as buyers in North India gave their thumbs down to products of various manufacturers. According to a study by global market research and insight group TNS, customer satisfaction levels in north fell significantly among all the three categories of geared and ungeared scooters, and scooterettes.
Piaggio Vespa Sport, Piaggio Fly 125, Honda PCX150 and Yamaha 125cc Scooter are going to make the biggest launch stories this year.
Piaggio is all set to take on its rivals as it starts production in Baramati, Maharashtra
Heavy Industries Minister Praful Patel said Scooters India could be considered for complete privatisation
The cluttered two-wheeler market's newest entrant, Suzuki Motorcycles India, on Tuesday said it is witnessing good demand in the scooters segment, which has resulted in a 60-90 day waiting period for its models.
If Honda is unleashing premium bikes to take on Yamaha, the latter is getting into scooters.
Passenger vehicle wholesales in India declined 2.5 per cent year-on-year to 341,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. The overall passenger vehicle (PV) dispatches from companies to dealers stood at 350,355 units in July 2023, automobile industry body Siam said on Wednesday.
How the unassuming two-wheeler became India's favourite ride
Can Bhavish Aggarwal upend the electric two-wheeler market, which is now overwhelmingly in favour of scooters?
Rs 20,000 drop in price, addition of disc brakes and launch of two classy 150cc bikes are among a host of measures underway at Piaggio India to take on its rivals in the scooters market.
The much-delayed decadal census exercise and the work to update the National Population Register (NPR) are likely to begin early 2025 and the data will be declared by 2026, thus changing future census cycles completely, official sources said.
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.
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.
Christina Rindiki's all-women team on the India-Myanmar border in Champhai, Mizoram, delivers 300 plus Amazon packets daily. The women handle all aspects of the operation and made around 450 deliveries per day this month alone. This is their story.
'I want to tell everybody there is nothing in the world that you can't do.' 'If you apply your mind, you can do anything and everything.'
Japanese auto giant Honda on Monday announced to recall 11,500 units of Standard variant of its premium motorcycle CBR 250R, which were produced and sold in India, due to defective brake system.
The new financial year started on a mixed note for car makers.
The company is looking to ramp up its production.
As competition hots up, more and more scooter manufacturers are turning their attention to the female buyers. Here are five scooters that are getting the desired attention.
How does Honda's cheapest entrant fare against Hero Splendor Plus, Bajaj Discover 100 and Suzuki Hayate?
The bike-maker will expand its capacity to 1.2 million from the current 9 lakh.
The entire census and NPR exercise is likely to cost the government over Rs 12,000 crore, the officials said.
From the customer point of view too, LFP batteries are safer and offer a longer life.
Auto majors like Honda, Hero MotoCorp, Mahindra, Vespa, Yamaha and TVS have launched a slew of products to take advantage of the rising interest in scooters in India.
Passenger vehicles wholesales in India rose 1.3 per cent year-on-year to 335,629 units in April, automobile industry body SIAM said on Tuesday. The passenger vehicle (PV) dispatches from companies to dealers stood at 331,278 units in April 2023.
Uber Chief Executive Officer (CEO) Dara Khosrowshahi sees India as one of the toughest markets and a standard to succeed in any other part of the world. One of the biggest challenges for the ride-hailing firm, according to Khosrowshahi, is the expectation of Indian consumers for more services at lower spending. "India is one of the toughest markets out there.
The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.
