They are afordable, offer best mileage economy and don't cost a bomb either. We present top 5 commuter bikes on sale in India.
After swinging 439 points during the day, the 30-share Sensex ended 141.33 points, or 0.38 per cent, lower at 37,531.98. It hit an intra-day low of 37,480.53 and a high of 37,919.47.
The broader NSE Nifty rose 32.15 points or 0.29 per cent to settle at 11,284.30.
Hero has plans to set the Indian roads on fire with the launch of four new scooters in the next two years
Tata Steel and Axis Bank were among the top gainers in the Sensex pack, surging up to 6.67 per cent following their March quarter results.
With the iSmart, Hero has given the Splendor a world first technology which boosts the efficiency of this frugal motorcycle even further.
A slew of new products in the mid-segment line-up like Star City Plus and Victor, an agreement with global brand BMW to launch new range of bikes and a strong marketing push is what the Chennai-based automaker has up its sleeves to take on established players in the two-wheeler market.
Delhi-based Honda is increasing its focus on the entry level segment. So much so that it has put the potential launch of a big engine premium concept bike, the CX-01, on the back burner.
Passenger vehicle wholesales in India increased by 12.73 per cent to 285,367 units in November as against 253,139 units in the same month last year riding on the back of festive demand, auto industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales rose 13.43 per cent to 16,00,379 units, compared with 14,10,939 units in the same month last year.
The new financial year started on a mixed note for car makers.
In the Sensex pack, gainers included HCL Tech, SBI, ITC, Bharti Airtel, Sun Pharma, Yes Bank, Axis Bank, TCS, Asian Paints, ICICI Bank, TCS, Bajaj Finance and Infosys, jumping up to 3.84 per cent.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
According to traders, Chief Economic Adviser Subramanian's comments practically ruling out a stimulus package for the economy weighed on investor sentiment.
Top gainers in the Sensex pack included Sun Pharma, TechM, Axis Bank, L&T, Reliance Industries and ICICI Bank, which rose up to 2.66 per cent.
In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.
The country's top carmaker Maruti Suzuki India (MSI) on Wednesday said it has decided to advance maintenance shutdown at its two Haryana-based manufacturing plants by a month amid a surge in the COVID-19 cases across the country. The auto major was supposed to take the shutdown at its two plants in Gurugram and Manesar in June, but due to the tsunami of COVID-19 cases, it decided to take it one month earlier to save oxygen for medical needs. MSI noted that as part of the car manufacturing process, it uses a small amount of oxygen in its factories, while relatively much larger quantities are used by the manufacturers of components.
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.
Sluggish corporate earnings, lacklustre global markets, FPI and slowdown concerns have played spoilsport for the markets.
The TVS Phoenix 125 is a comfortable commuter motorcycle with good quality, writes Faisal Ali Khan of MotorBeam.com.
Amid rising petrol prices, two-wheeler makers such as Mahindra & Mahindra, TVS Motors, Hero MotoCorp and Bajaj Auto are stepping up research to develop engines run on diesel or other fuels.
The broader NSE Nifty sank 252.55 points, or 2.14 per cent, to 11,558.60.
More than 90 per cent stocks in the NSE 500 universe are currently trading above their 200-day moving average (DMA). Experts say this is a sign that the market has become overheated and can lead to a correction or sideways movement for a long period. The 200-DMA is a key technical indicator used by traders to get a sense of market direction. A level, which is roughly a 40-week average, often acts as key support or resistance.
The workers have been sporting black arm-bands and have stopped taking tea and snacks offered by the company.
'The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner.'
Top gainers in the Sensex pack included ONGC, HDFC, Bharti Airtel, Infosys, Maruti, HCL Tech, Mahindra and Mahindra, HUL, TechM and SBI -- rising up to 2.89 per cent.
The initial wage negotiations, which started during late-August 2012, remained inconclusive and fell apart on January 21. The matter was referred to the Deputy Labour Commissioner of the region for further deliberations.
Representatives of employees at the Gurgaon facility on Wednesday said workers would stop cooperating with engineers and supervisors from Thursday.
The initial wage negotiations between workers and management of two-wheeler major Hero MotoCorp's Gurgaon plant remained inconclusive on Monday and the matter has now been referred to Haryana Deputy Labour Commissioner for further deliberations.
Honda Motorcycle is on a roll, launching new motorcycles now and then. The Japanese automaker plans to take the numero uno position from Hero MotoCorp by 2020 in the Indian market and is planing a slew of launches in the coming years. One such motorcycle to be launched in India next year is the Honda CRF250L.
Top gainers in the Sensex pack included Tata Steel, Kotak Bank, NTPC, HDFC twins, PowerGrid and ONGC, rising up to 4.60 per cent.
Two-wheeler sales were down 15.24 per cent in July to 12,81,354 units as compared with 15,11,717 units in the same month last year.
At Rs 43,150, Dream Neo hopes to create deep inroads into the Indian commuter segment.
'Zero Day' visitors like Maruti Suzuki, TVS, Tata Motors, Hero MotoCorp, Ashok Leyland and Bajaj Electricals are visiting fewer campuses.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
NSE Nifty finished higher by 46.05 points, or 0.39 per cent, at 11,707.90. Asian Paints was the top gainer in the Sensex pack, rallying 6.32 per cent, followed by Nestle India, HUL, Bajaj Auto, IndusInd Bank, Tata Steel, Maruti and PowerGrid.
Supporting the all India strike called by 11 trade unions, Suzuki Motorcycle India Employee Union President Anil Kumar said: "As many as 27 workers unions of different factories in the Gurgaon, Manesar, Dharuhera and up to Bawal have agreed to go on strike for a day. So, there will be no production at our plant tomorrow."
Car and two-wheeler makers are giving India's largest auto hub the miss, thanks to prolonged labour unrests.
In the Sensex pack, Bajaj Finance and Bajaj Auto ended up to 6.09 per cent higher after posting strong quarterly numbers.
The workers at Hero's Gurgaon unit were agitating since December last year for higher wages
This partnership will help us improve our own capability, says Munjal.
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