In first 9 months of FY18, scooter sales grew by 18.5%, the number may jump further as more women join workforce
Five companies get more volumes from scooters than motorcycles.
Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Now, you can own a two-wheeler for Rs 18.5 per day
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
During May, Maruti Suzuki's domestic car sales were up 2.59 per cent at 87,402 units as against 85,190 units in the same month last year.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
Two-wheeler prices are likely to rise by 10-25 per cent on account of higher premiums on insurance and commodity prices, mandatory safety regulations and BS-VI emissions that kick in from April 1, 2020.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.
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.
Sales of commercial vehicles rose 8.59 per cent to 56,140 units in September, SIAM said.
The perfect platform to grab attention and engage with prospective customers, the 2016 Auto Expo will see over 100 exhibitors displaying some very interesting products. However, our eyes at MotorBeam are keen on some highly awaited launches that will be redefining products for their respective manufacturers.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
Premiumisation, improving demand aid realisation growth at most large firms
The new TVS Apache RTR 200 is faster than its smaller siblings and more comfortable too. The bike is a well-engineered complete package and is offered with an attractive price, says Indian automobile website MotorBeam.
Maruti will showcase its first concept electric vehicle, the e-SURVIVOR; M&M it's six new EVs, including two futuristic concepts
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
With no signs of economic revival under the current political circumstances, SIAM said it expected a turnaround in the fortune of the auto industry only after a new government is formed after the general elections next year.
Production at every automotive facility, offices of information technology firms and retail establishments in the state remained shut on Tuesday as a mark of respect to the late chief minister.
For India Inc, latest GDP figures signal a turnaround.
These commuter bikes, or Aam Aadmi bikes as they are called because of their affordable pricing, were all the rage in 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 30-share Sensex ended higher by 30 points.
Maruti Suzuki, Hyundai and Mahindra failed to register significant growth.
During April, Maruti Suzuki India's domestic car sales were up 2.72 per cent at 86,481 units, as against 84,188 units in the same month last year.
The list includes Gautam Adani's brother Vinod Adani among others.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Markets surged in late trades to snap five-day losing streak led by bank shares.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
With inflation down, the government's twin deficits are largely under control.
After auto components major Bosch Ltd, Sundaram-Clayton, Hero MotoCorp now announce temporary production shut down
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
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