Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 550,466 units in 2013-14, during which domestic sales fell for the second consecutive year.
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
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.
Hero Motors on Thursday announced an agreement with the Austria-based Bombardier-Rotax, which will provide 125-175cc engines for the upcoming Hero Aprilia range of scooters entailing an initial investment of Rs 200 crore (Rs 2 billion).
'People will vote for Rajinikanth without expecting any money.'
The deal brings the two start-up stalwarts - Bansal and Ola co-founder and chief executive officer Bhavish Aggarwal - together in the backdrop of growing foreign control in this space.
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."
The number of active COVID-19 cases stood at 61,149, while 42,297 people have recovered and one patient has migrated.
There could be some significant changes in motorcycles over the next few years says Shobhana Subramanian.
India's largest motorcycle firm Hero Motors said on Wednesday that it has tied up with Europe's second largest producer of motorcycles and scooters, Aprilia of Italy.
The Honda company is working on entering the same segment, with a sporty bike, in 2010. It hopes to sell a few lakh of these a year, to begin with
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