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.
Bajaj Auto, once known for its scooters which revolutionised the two-wheeler market in the country, on Wednesday said it will exit the segment by the end of the fiscal to focus exclusively on motorcycles. The company that by and large created the scooter market in the country through its popular 'Hamara Bajaj' campaigns in the 1980s and 90s, today sells just one scooter -- the 100-cc gearless Crystal.
These are the bestsellers for their respective manufacturers
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.
While Hero Honda is ramping up capacity by 50 per cent, HMSI is readying itself to launch a fourth product.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
The company is currently carrying out test runs of about 50 electric scooters across various towns in the country.
Hero has plans to set the Indian roads on fire with the launch of four new scooters in the next two years
The body of an eight-year-old boy who had fallen into a stormwater drain in Guwahati on Thursday, was recovered about 4 km downstream in Rajgarh area, police said.
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.
Kerala pumpkin curry has to be the best way to eat kadu. And ever tried an imli-ginger relish?
The company is also planning to roll out three more products during the next financial year.
Mihir Shah, the prime accused in the Mumbai BMW hit-and-run case and son of a Shiv Sena politician, has told the police he was driving the car at the time of the crash which killed a woman and injured her husband, officials said on Wednesday citing probe carried out so far.
Mahindra to sell Peugeot scooters in North Africa
History-sheeter Guru Waghmare who was murdered at a spa in Mumbai had tattooed on his body the names of 22 persons who could potentially harm him, police said on Thursday as they arrested at least three suspects a day after the crime.
Air Marshal Denzil Keelor was an Indian Air Force legend. His nephew Basil Keelor, son of another war hero Wing Commander Trevor Keelor, remembers a remarkable officer and gentleman.
In yet another hit-and-run case in Maharashtra, a 31-year-old woman was killed after a speeding car knocked her down in Nashik city, the police said on Wednesday.
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.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Passenger vehicle wholesales crossed the 10-lakh mark for the first time ever in the June quarter riding on the back of robust demand for utility vehicles, industry body SIAM said on Friday. Total dispatches of passenger vehicles in the first quarter stood at 10,26,006 units, up 3 per cent as compared with 996,565 units in April-June FY24. Utility vehicle sales rose 18 per cent to 645,794 units in the first quarter as against 547,194 units in the year-ago period.
Mumbai police formed 11 teams and also roped in the Crime Branch to nab the 24-year-old son of a ruling Shiv Sena leader after a BMW car the youth was driving crashed into a scooter, killing a woman and injuring her husband, an official said.
A 53-year-old man died on Thursday when a portion of the Gokulpuri Metro Station on the Pink Line in northeast Delhi collapsed, the police said.
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
Auto major Mahindra & Mahindra said it has decided not to acquire the over 95 per cent stake in the beleaguered PSU firm Scooters India at present, as it has "various things" to do.
'He never had a negative thought in his mind, he was supremely confident.' 'He always stuck to his natural game, he never moved away from that.'
Scooters, which almost disappeared into the dark alleys of nostalgia, are making a grand comeback. The golden days of the early 80s, when scooters had a 64 per cent market share, are still far away. But the revival signals are strong.
'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'
Peppy, powerful and practical these five scooters will set the Indian roads on fire in 2013.
TVS has launched a scooter which is aimed at male buyers and is priced at Rs 44,200.
'It is the love from the people that keeps coming from unexpected corners which makes life so special.'
Hamara Bajaj may have walked into the sunset, but the sun is shining bright for other scooter manufacturers in the country.
The new scooter will be an addition to the company's existing range of 125 cc scooters, Rodeo and Flyte that cater to different consumer segments.
Domestic motorcycle market leader Hero Honda Motors on Monday said it would foray into scooter manufacturing and launch two motorcycle models this fiscal.
Japanese two-wheeler maker Yamaha plans to enter the automatic scooter market in India, in the next three years.
Riding a snow scooter is a major tourist attraction in Manali.
The unfancied rider beat defending champion Manjit Bassan by a mere 31 seconds to win the monsoon event.
Ten things you must know about the latest innovation from Mahindra
Malegaon blast prime accused Sadhvi Pragya Singh Thakur had met the wanted accused Ramji Kalsangra two days before her arrest, and expressed apprehensions over police tracing the scooter used in the explosion to her, according to a witness statement.
The 19th Gulf Monsoon Scooter Rally, organized by Sportscraft in Navi Mumbai on July 6, has attracted leading riders from Mumbai and its neighboring cities, like Pune, Nashik and Kholapur. Twenty-five riders have confirmed participation and another ten are expected by the July 2, the closing date for entries.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances