Hero Sure helps the customer get the best price for his vehicle on the basis of a transparent evaluation process.
Hopes to launch e-scooters within two years
The country's largest two-wheeler manufacturer Hero Honda on Monday announced that it has hiked prices of its products between Rs 500 and Rs 1,000, owing to increase in input costs. Hero Honda Managing Director Pawan Munjal told reporters in New Delhi that the company had been trying to absorb rising commodity prices, but it has reached a stage where it needed to pass it to the customers. Models like Splendor Plus, Passion Plus, CBZ and Hunk will see price hike.
After selling brands like Pulsar, Boxer, Platina and RE in over 70 countries, Bajaj Auto plans to enter Thailand this year followed by Brazil next year.
Bajaj Auto Ltd has reported a 9.3 per cent growth in its two-wheeler sales in June 2004 at 112,647 units as compared to 103,105 units in June 2003.
'The favourable rupee-dollar exchange rate, there are opportunities we can tap.'
The country's largest bike maker, Hero Honda, on Thursday said the launch of the Rs 1 lakh car 'Nano' will not have any impact on the two-wheeler industry.
'Currently, EVs are about 30-50 per cent more expensive than ICE vehicles. I believe the inflection point for EVs will come when this price gap narrows to 20-25 per cent. That's when people will start coming in.'
The group's foray into the segment dates back to the start of 2004 when M&M Group Chairman Keshub Mahindra said the company had started testing some two-wheeler models and was looking at a commercial launch. Vice-Chairman Anand Mahindra said: "The company's foray into the bottom segment of the pyramid will create tremendous brand awareness in an entire section of the population and open a whole new population in the urban market."
The Apollo Hospitals launched the country's first two-wheeler ambulances called Apollo First in Chennai, Delhi, Kolkata and Hyderabad on Saturday.
Apollo Hospitals has launched India's first two-wheeler ambulances in Chennai, Delhi, Kolkata and Hyderabad on Saturday.
More than 40 new product launches are expected at the upcoming Auto Expo which will be held under the umbrella of Bharat Mobility Global Expo 2025 from January 17-22, a government official said on Tuesday. With visas continuing to be an issue, large scale participation of Chinese companies are unlikely although some of them are participating at the expo, Joint Secretary at Ministry of Commerce and Industry Vimal Anand said at the sidelines of curtain raiser of 'Bharat Battery Show' which will also be a part of the Bharat Mobility Global Expo 2025.
The gap in demand for electric vehicles between large and mid-sized cities in the country is shrinking and the Tier-II 2 cities are likely to emerge as the next big demand centre for EVs, a report said on Tuesday. An analysis of the electric two-wheeler and car sales by strategic research provider BloombergNEF (BNEF) from 207 cities across 10 states also suggests that the electric two-wheeler sales in some tier 2 markets have surpassed metropolitans while within tier 2 cities, state capitals generally leading the growth in electric car sales.
Automobile retail sales in India declined 9 per cent year-on-year in September amid a massive buildup of passenger vehicle inventory due to sluggish demand, dealer's body FADA said on Monday, urging original equipment manufacturers to take corrective steps. The overall registrations declined to 17,23,330 units last month from 18,99,192 units in September 2023, as most of the categories including passenger vehicles and two-wheelers witnessed a year-on-year (Y-O-Y) drop.
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.
However, the company has not provided a timeline for the launch of the small electric car.
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.
A 30-year-old woman was shot dead allegedly by an unidentified man in a road rage incident on Wednesday after their two wheelers brushed against each other in northeast Delhi's Gokalpuri area, police said.
"The car driven by Tayal crashed into Shaikh's bike. The accused fled the scene but was later detained after police used footage of CCTV cameras to identify the car and then track him down with its details," said Additional Commissioner of Police Manoj Pail.
More than 100 people were booked on charges of stone-pelting and rioting on Thursday night while a man belonging to a right-wing outfit was detained for questioning in connection with the vandalism outside the station.
Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up.
The Indian Army has launched a massive search operation for a man who went missing from the fringe areas of the Imphal Valley two days ago. Laishram Kamalbabu Singh, a works supervisor for a contractor working with the Military Engineering Services (MES) in Leimakhong Military Station, disappeared after leaving home on Monday afternoon to report for work. The Army is using all its resources, including tracker dogs, drones, and aerial platforms, to locate Singh. The incident has led to tensions in the area, with hundreds of people from the Meitei community demanding information about Singh's whereabouts.
'There's a misconception that all Rs 1 lakh crore will be spent immediately, leading to higher consumption of FMCG goods, travel, and vehicle purchases.' 'While some of this money will go toward consumption, not all of it will.' 'The impact depends on where people deploy their savings.'
An anonymous caller informed the hospital staff on Sunday morning that a time bomb was planted underneath a scooter and would go off within 15 minutes, Kakinada Deputy Superintendent of Police Surya Rao told PTI.
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.
The Bombay High Court has refused to release Mihir Shah, the main accused in a BMW hit-and-run case, on the grounds of "illegal" arrest. Shah, the son of a former Shiv Sena leader, and his driver had filed petitions in the HC claiming they have been illegally detained. The court dismissed the petitions, stating that the police had not informed them the grounds of their arrest at the time, which was in violation of the law. Both Shah and his driver are presently in judicial custody.
At least 11 passengers were killed and 25 others injured after a Maharashtra State Road Transport Corporation (MSRTC) bus overturned in Gondia district of the state on Friday afternoon. The bus, operated under the service name 'Shiv Shahi', was carrying 36 passengers and heading to Gondia district from Bhandara in eastern Maharashtra when it flipped over at Khajri village in Sadak Arjuni taluka after its driver applied brakes to avoid hitting a two-wheeler that suddenly came in the front. The injured passengers were shifted to different hospitals.
'You don't realise your life has changed in just three days.' 'It's when you come back to the city that it starts hitting you but you now have the power to manage the challenges Life throws at you.'
A man and a burqa-clad woman allegedly threatened noted screenwriter Salim Khan, father of Bollywood actor Salman Khan, citing jailed gangster Lawrence Bishnoi's name in Mumbai's Bandra area, police said on Thursday.
The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, against which 28,884 of jobs have been generated till March 31, 2024, the Economic Surevy 2023-24 stated.
Two police officials who were injured when the container driver and his associate attacked them in a bid to flee, have been admitted to a government hospital with injuries, she said.
Passenger vehicle wholesales in India declined 2.5 per cent year-on-year to 341,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. The overall passenger vehicle (PV) dispatches from companies to dealers stood at 350,355 units in July 2023, automobile industry body Siam said on Wednesday.
A 20-year-old man was stabbed to death after two groups clashed over the bursting of firecrackers in central Mumbai in the early hours of Friday, following which police arrested five persons, including a woman, an official said.
In the e2W category, which accounts for more than 60 per cent of total EV sales, volumes fell 15 per cent to 118,944 units in November, compared to 139,787 units in the previous month
Japanese auto giant Honda on Thursday said it will set up a third two-wheeler manufacturing facility in India at Narsapuram, in Karnataka, with an installed annual capacity of 12 lakh units by 2013.
The boy had been knocked down by a vehicle near Karpur Gate in Anekal on Sunday evening and when his father, a migrant labourer from Assam, took him to the Anekal government hospital, he was declared "brought dead", police said.
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.
Bengaluru-headquartered electric two-wheeler manufacturer Ather Energy is all set to file its draft red herring prospectus within the second week of September to the Securities Exchange Board of India (Sebi) for its maiden initial public offering (IPO), in which it is expected to raise over $450 million. On Tuesday, the fourth-largest electric two-wheeler maker in the country by volume raised Rs 600 crore from its existing investor, the National Investment and Infrastructure Fund (NIIF), catapulting itself into a unicorn with a valuation of $1.3 billion.
While two-wheeler sales declined 22 per cent, two other segments, bigger in value while being lower in volume, were much less impacted.
A cold wave has intensified in most parts of north India, with temperatures in the Kashmir Valley dipping below freezing point. The national capital saw a brief respite from the bitter cold during the day, but cold conditions persisted in parts of Rajasthan and Himachal Pradesh. The weather department has issued a yellow warning for cold wave, ground frost and dense fog for some places in Himachal Pradesh. There is a possibility of rain and snowfall in parts of northwest India later in the week.
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