The price war in the motorcycle market is all set to worsen with large production capacities at tax-free locations in the north ready to go on stream.
Bangalore-based TVS Motor Co has filed a Rs 250-crore (Rs 2.5-billion) defamation suit against Bajaj Auto Ltd in the Bombay high court, against the latter's allegation of patent infringement. Earlier, BAL alleged that TVS had copied its patented DTS-i (Digital Twin Spark plug ignition) technology in the 125 cc TVS Flame, slated to be launched in December this year.
Honda Motorcycle and Scooter India (HMSI), Suzuki Motorcycle India (SMI) and Yamaha Motor India (YMI) are building motorcycles and scooters to suit the Indian market. The models will be manufactured at the company's research and development centres in Japan and will use new platforms.
Declining sales and sliding margins are compelling two-wheeler makers such as Bajaj Auto, Hero Honda and TVS Motors to rejig strategy, to cope with the slowdown.
TVS Motor Company would roll out its bikes from Indonesia plant this month eyeing a first year sales of up to 90,000 units in that market amidst plans to spread its wings in the South East Asian region.
Market leader Maruti Suzuki India's passenger vehicles sales declined by 2.34 per cent last month at 133,702 units. Hero MotoCorp reported total two-wheeler sales of 480,196 units last month, down 20.05 per cent.
Rajiv Bajaj is on a high. First Bajaj Auto raced into the executive segment with the Discover snapping up a share of 21 per cent
Venu Srinivasan, Chairman, TVS Motor Company has been conferred with a doctorate in science by Warwick University.
Suzuki Motorcycle India announced the launch of two new bikes for the domestic market 'Heat' for excessive bike users and 'Zeus' targeted at college students and executives.
"We expect to capture the top position in the premium segment with the new bike. We are also working on another bike in the premium segment," Hero Honda managing director Pawan Munjal told reporters in New Delhi.
Chennai-based two wheeler major TVS Motor Co on Friday said it would set up a motorcycle assembly plant in Colombia through a joint venture company with a local partner.
The net sales drop was due to a decline in motorcycle sales following the credit squeeze by banks and the consequent reduced availability of finance.
Excise duty on small cars, motorcycles and SUVs was reduced.
Hyundai Motor and Toyota Kirloskar Motor have announced the suspension of manufacturing operations at their respective plants amid coronavirus outbreak. On Sunday, various automakers like Maruti Suzuki India, Honda Cars, Mahindra & Mahindra and Fiat announced a temporary halt in manufacturing operations at their respective facilities.
The country's largest carmaker Maruti Suzuki India (MSI) on Monday reported a 11.8 per cent increase in wholesales to 164,469 units in February. The company had sold 147,110 units in February last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased 11.8 per cent to 1,52,983 units last month, as against 1,36,849 units in February 2020, it added.
Prices of all metals - from steel to copper, aluminium, zinc and lead - have shot up by about 5-11 per cent in the past month. Commodity inflation is raising its head, forcing companies to consider price hikes.
Chief Election Commissioner James Michael Lyngdoh, i-flex solutions Ltd chief Rajesh Hukku, and TVS Motor chief executive Venu Srinivasan have figured among the top 25 'Stars of Asia' chosen by the prestigious Business Week magazine.
Fans across the country will soon see Rawalpindi Express Shoaib Akhtar speeding in India not with a cricket ball, but on a yet-to-be-launched powerful bike by TVS Motor Company.
The Sensex closed at 11,853.85 down 79 points. The Nifty lost 23 points to close at 3,455.
Take the Rediff Biz Quiz and find out how much you know about India and its two-wheeler companies.
Recognised as one of the Stars of Asia by Business Week International, Venu Srinivasan, the chairman and managing director of TVS Motor Company.
These are the best value for money bikes in terms of the money they save by using less fuel to run longer distances
The soft drinks giant bagged the sponsorship rights along with TVS Motor company and Videocon for matches in India in 2003-04.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
TVS Motor Company plans to launch about eight two-wheeler models, including six motorcycles in the next 15 months in an aggressive bid to increase its share in the world's second largest two-wheeler market.
TVS Motor Company has reported a 30 per cent decline in its motorcycle sales during November 2003 at 48,052 units compared to 68,631 units in the same month last year.
With an m-cap of Rs 31,744 crore, IRCTC stood at 96th position in the overall market capitalisation ranking, the BSE data shows.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances