Two-wheeler Exports

The domestic two-wheeler segment will continue on growth path in the current fiscal on the back of factors like normal rainfall and uptick in rural demand, according to TVS Motor Chairman Ralf Speth. Speaking at the company's annual general meeting (AGM), he noted that in partnership with BMW Motorrad, TVS will be working on design and development of additional new vehicles for the global markets. "With a young, intelligent, thriving workforce the nation is well-positioned to leverage its advantages. I am also convinced that India can benefit from major shifts in the geo-political, geo-economic, environmental and social landscape. India can go its own way. India can overtake," Speth stated. He noted that the company expects the domestic two-wheeler industry to continue to grow in FY25 on the back of strong economic indicators, including normal rainfall and uptick in rural demand. "Our focus on EVs - as one of our future growth enablers - fits perfectly with our 2030 vision," he ...

TVS sold a total of 16,872 units of electric two-wheelers in November 2023 as against 10,056 units sold in November 2022

Hero MotoCorp, the country's largest two-wheeler maker, is eyeing leadership position in the electric two-wheeler segment globally, according to its annual report for 2021-22. The company, which currently leads the traditional two-wheeler segment globally in terms of volumes, is looking to foray into the electric segment in the upcoming festive season. Hero MotoCorp had last year crossed the 100 million cumulative production milestone since its inception in 1984. The company had achieved its first one million cumulative production milestone in 1994 and went on to cross 50 million units in 2013 and 75 million units in 2017. "This year will see Hero MotoCorp claim its position in the exciting clean mobility space in a bold avatar. Hero MotoCorp will transform its leadership in the internal combustion engine (ICE) market into the electric vehicle space globally!" the company Chairman and CEO Pawan Munjal informed shareholders. He noted that the company is geared up for the next ...

Shipments of Maruti Suzuki and Bajaj Auto vehicles see record jump

Q4 earnings got a boost from higher realisation of exports and larger contribution of pricier models in overall sales

Rising exports, price hike, improving mix not enough to offset costs

Cumulative sales in March at the top five two-wheeler makers soared 75% to 1,421,600 units during the month against 808,692 units a year ago

Two-wheeler export volumes are likely to increase by mid-teens in FY22, the ratings agency said

Ratings agency Ind-Ra anticipates some bumps in the road in the first half

Double digit growth in exports and premiumisation trend in the domestic market are triggers

Profits of Bharat Forge, Bajaj Auto and Balkrishna Industries will also be hit

The company's total exports stood at 68,347 units this August, as against 69,702 units a year ago

In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year

'While we forecast that India's motorcycle sales will contract by 23.7 per cent year-on-year in 2020-21, we expect motorcycle production to contract by just 16 per cent year on year," it said

The country exported 2.81 million two-wheelers in 2017-18, of which, 2.4 million or about 88 per cent were motorcycles