After many attempts, Bajaj finally has a bike to counter Hero Honda in the 100cc segment.
The Supreme Court on Monday allowed Chennai-based two-wheeler company TVS Motor Company Ltd to manufacture TVS Flame, a 125-cc bike sporting twin-spark plugs, the technology for which Bajaj Auto allegedly holds the patent rights.
Led by market leader Hero Honda, two-wheeler manufacturers posted an impressive growth in sales during the month of November on the back of favourable bank lending rates and a good response to new launches. Heavy promotional campaigns and sales offers by most companies also aided demand.
Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
While the country's largest car maker, Maruti Suzuki India, said its car will become costly by two per cent, Hyundai Motor India said it will result in a price rise of Rs 6,500-25,000 on average.
Lakshmi Venu's induction on Sundaram Clayton's board is part of the TVS Group's larger succession plan to make way for the women in the family.
A majority of HMIL's current export comprises the i10 model, which is exported to Asia, Latin America and Western Europe. In addition, the company has stated that 90 per cent of the i20 model (a premium hatchback) will be exported. The company will produce 150,000 units of the model annually.
Home-grown automotive players like Tata Motors, Ashok Leyland, Bajaj Auto, Hero Honda, TVS Motors and Maruti Suzuki are augmenting the use of plastics in engine components in an ambitious effort to reduce dependence on key metals like steel and aluminium, all of which have witnessed stupendous rise of 35-50 per cent in the past 5 months.
The Sensex ended at 17,198, stronger by 272 points, and the Nifty closed at 5,122, higher by 89 points.
TVS Motor Company on Monday said it aims 3 to 4 per cent growth in two-wheeler sales during this fiscal, while motorcycle sales were expected to be flat at 700,000 units.
Low-base effect to kick in, but higher raw material prices could spoil the show.
Say lower duties could enhance demand.
In an attempt to steal the two-wheeler market from the three Indian giants Hero Honda, Bajaj and TVS Motors, which collectively account for almost 85 per cent of sales, Japanese bike manufacturers like Yamaha, Honda, Suzuki and Kawasaki will launch scaled-down Indian versions of their international superbike models.
Car maker Maruti Suzuki India Ltd on Monday reported a 15.75 per cent jump in the total sales in May at 79,872 units as against 69,001 units in the same month last year.
The Madras high court on Saturday restrained TVS Motor Company from manufacturing, marketing and selling its bike 'TVS Flame 125' in the ongoing patent infringement case with rival Bajaj Auto Limited.
Even as a court case rages over the alleged intellectual property infringement, Chennai-based TVS Motor on Thursday launched its new 125-cc motorcycle, Flame, which rival Bajaj Auto says is based on its patented twin spark plug technology.
Keen competition will make the going tough even for market leaders in the segment.
The Chennai-based company is developing bikes in the range of 200cc and above to compete with Bajaj Auto's Pulsar range, which begins with the 150cc variant and ends with the 220cc model at the top of the ranks, sources, who declined to be identified, said.
Product launches to drive incremental volume growth for players such as Maruti Suzuki; medium and heavy commercial vehicle revival on track.
The Pune-based company pointed out that the Chinese manufacturer Taian Chiran Machinery Co and its Sri Lankan distributor were recently instructed by a Sri Lankan court to withdraw their copy of Bajaj Pulsar with DTSi technology from the market.
Bajaj Auto's move to sue TVS comes two days after the Chennai-based company announced plans to roll out its latest 125 cc bike 'Flame' with Controlled Combustion Variable Timing Intelligent (CC-VTi) technology.
TVS Motor Company launched its first electric scooter, Scooty Teenz Electric, in Bangalore on Wednesday. Run on the Valve-Regulated-Lead-Acid (VRLA) battery, the vehicle is powered by a 800 watt motor and can carry up to 130 kg of load. It can deliver an average range of 40 km per nine hours of battery charge. The maximum speed the vehicle can clock is 40 kmph. It is targetted at is teenage girls who use vehicles to travel short distances ranging between 15 and 25 km per day.
TVS Motor Company's ambition to become the second largest two-wheeler player in the country is pegged on a twin strategy.
Bajaj Auto had accused TVS Motor of infringing its patent on DTS-i -- acronym for Digital Twin Spark Plug ignition -- in TVS Flame. TVS, in its latest 125 cc motorcycle Flame, uses CCVTi technology which Bajaj claims to be a copy of its DTS-i technology. The Pune-based two-wheeler maker uses DTS-i technology in various products including the Pulsar series of bikes.
A majority of CEOs from top Indian companies including ICICI Bank, Bajaj Auto, TVS Motor GE India, and HUL, do not foresee any production slowdown in this fiscal, even as rising input and interest costs are affecting the net profit margins, a CII survey has found.
Passenger vehicle wholesales in India rose by 14.16 per cent in August to 2,15,916 units, driven by pent-up demand, industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers, passenger vehicle wholesales stood at 1,89,129 units in the same month last year.
New participants included Chinese players such as Great Wall Motors and Haima Automobile along with Olectra.
Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and the projects the government has announced.
FMCG players -- Dabur, HLL, PSU BPCL, Korean car maker Hyundai, liqour barron Vijay Malaya's Mcdowell and TVS motors -- are among the major companies found to violate Advertising Standards Council of India code.
Mutual funds pared exposure to auto, cement, metal, FMCG, telecom, sugar, and power stocks in January.
The two-wheeler industry marked its first fall in 11 months in November with sales of 1.24 million reporting a fall of nearly six per cent compared to the same month last year
The stand-off between Bajaj Auto and TVS Motor Co over the alleged patent infringement continues with both the companies sticking to their positions.
Although the revocation application was filed in August, it takes time for the Apellate Board to send notices and hence, TVS took upon itself to inform BAL about the same.
A team of more than 60 people under Neeraj Mittal, an IAS officer, was instrumental in getting up the New Industrial Policy 2021 targeting investments of around Rs 10 trillion by 2025.
Two wheeler sales dropped in the past quarter as leading banks put two wheeler finance under high risk category.
TVS announced its plans of introducing new products this year. It is hoping to revive its nose-diving motocycle sales with these products in the coming fiscal.
TVS was represented in court by K Parasaran, Mukul Rohtagi and Dushyant Dave, among others. C A Sundaram appeared for BAL.
The ongoing credit squeeze in the sluggish two- and three-wheeler markets may affect the March sales targets of the three leading domestic players in the country. Taking the cue from a buoyant FY07 where the two-wheeler industry grew by a healthy 11.42 per cent, companies such as Hero Honda, TVS Motors and Bajaj Auto were hoping to surpass the FY07 target of 7.8 million units this year.
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