Festivals also contribute to the rise in overall automobile retail sales, says dealers association.
Honda Motorcycle and Scooter India (HMSI) on Wednesday forayed into the fast-growing domestic electric mobility market with the introduction of e-scooters, ACTIVA e: and QC1, with swappable and fixed batteries. With this, the Japanese two-wheeler maker will now be competing with other legacy players such as Bajaj Auto, Hero MotoCorp, TVS Group as well as pure EV players like Ather and Ola, who already have a good presence in the segment, which is growing at 34 per cent year-on-year.
However, while Splendor's annual sales surged 31.7 per cent to 3.638 million units between 2019 and 2024, Hero's other models suffered sharp drops.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
The workers said though they haven't lost confidence in the Left, they wanted to appeal to Sonia about the highhandedness of the police.
The two-wheeler segment is, however, still far from its H1FY19 peak of 9.7 million units
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Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
Automobile retail sales in India rose 11 per cent in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation Of Automobile Dealers Associations said on Tuesday. Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021. FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam.
A sneak peek at Honda's latest premium commuter bike: CB Trigger
Hero has plans to set the Indian roads on fire with the launch of four new scooters in the next two years
It's already a home to automobile majors like Toyota, Volvo, Tata Motors and Mahindra Reva.
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.
For the past 15 days, workers at the Hero factory have been wearing black arm-bands and abstaining from tea within the premises.
The recall will cover units of the three models manufactured from February 7, 2018, to March 16, 2018, the company said in a statement.
At Rs 43,150, Dream Neo hopes to create deep inroads into the Indian commuter segment.
According to sources in the know, nearly 25,000 workers from Honda Motorcycle and Scooter India, Suzuki Powertrain India, Gurgaon-based Maruti Udyog Kamgar Union, Suzuki Motorcycle India, Sona Koyo Steering Systems, etc, filed a memorandum before Deputy Commissioner P C Meena.
Post split from Hero, the company has chalked out aggressive plans for India.
India's top two-wheeler makers have big plans for 2013
If Honda is unleashing premium bikes to take on Yamaha, the latter is getting into scooters.
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.
Hamara Bajaj may have walked into the sunset, but the sun is shining bright for other scooter manufacturers in the country.
While Hero Honda is ramping up capacity by 50 per cent, HMSI is readying itself to launch a fourth product.
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.
Honda, Bajaj, Yamaha and Mahindra are revving launch plans for the 200cc and above motorcycle segment.
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.
While the company has not disclosed the exact price, the new bike is expected to be tagged around Rs 42,000 (ex-showroom, Delhi).
Pressure is mounting on Honda Motorcycle and Scooters India, India's fourth biggest two-wheeler maker by volume, to resume normal supplies of scooters and motorcycles to its dealers, who are forced to ask customers to wait for up to four-five months for delivery.
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.
Domestic passenger vehicle (PV) sales saw a significant growth in October due to increased availability of semiconductor chips and rising consumer confidence. The sales figures during the month - which coincided with the first post-Covid festival season - released by the top ten carmakers saw a jump of 30.7 per cent to 322,885 units in October. Auto companies count wholesales - units dispatched to dealers - as sales.
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."
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.
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.
The Mumbai-based company will take on Hero Honda, Bajaj Auto and HMSI and will have models in the 100cc, 125cc and 150cc mobike segments, and also in the ungeared low and high-powered scooter segments. Hero Honda has a 60 per cent share of the motorcycle segment, while HMSI commands a 58 per cent of the scooter market. Anand Mahindra said: "Our two-wheeler project is complete; we have already begun marketing the fleet in Bangalore."
There could be some significant changes in motorcycles over the next few years says Shobhana Subramanian.
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
Little response to Left parties strike call in Gurgaon
The workers were protesting against the suspension of 50 and the dismissal of four HMSI employees after a strike at the Honda plant in Manesar in Haryana.
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