Two-wheeler Makers

OEMs meet ministry officials, flag four key concerns

India Yamaha Motor is recalling around 3 lakh units of its 125 cc scooter models Ray ZR 125 Fi Hybrid and Fascino 125 Fi Hybrid to rectify faulty brake parts. The Japanese two-wheeler maker said it is recalling scooter units manufactured between January 1, 2022, to January 4, 2024, with immediate effect. Staying committed to the highest quality and safety standards of products, India Yamaha Motor (IYM) has announced a voluntary recall of around 3,00,000 units of 125 cc scooters, the company said in a statement. The recall is aimed at resolving an issue with the brake lever function in select units of the Ray ZR 125 Fi Hybrid and Fascino 125 Fi Hybrid scooter models (January 2022 onward models), it added. The replacement part is being provided to the concerned customer free of charge, IYM said in the statement. To verify the eligibility for the recall, customers can visit the service section of the company website and enter their chassis number details to know the next step, it ...

Hero MotoCorp expects demand momentum for two-wheelers to build up further in the domestic market with economic indicators remaining positive, according to a top company executive. The country's largest two-wheeler maker, which recently announced its foray into the European market, is revamping its sales infrastructure and is aiming to have at least 100 premium retail showrooms in the next six months. "As far as the economy is concerned, we know about the global geopolitical issues that are going on, however, the Indian economy continues to be resilient and is one of the fastest growing major economies in the world," Hero MotoCorp CEO Niranjan Gupta said in an analyst call. All the indicators are in the positive direction amid a strong consumer confidence index, he added. "While the monsoon has been patchy in parts, if you see the Rabi crops have been pretty good as compared to the last year. The festive season has started off very well and overall we do see momentum building on th

Hero said it was optimistic about demand due to its premium model launches and the onset of the festive season

The country's largest two-wheeler maker, Hero MotoCorp, has set a target to achieve 30 per cent of its sales on digital platforms by 2030. The company, which sold 54 lakh units of motorcycles and scooters in the last fiscal year, is also looking to have 30 per cent women workforce in the organisation by 2030. "We have set an ambitious goal of achieving 30 per cent sales through digital channels by the year 2030," Hero MotoCorp Executive Chairman Pawan Munjal said in the company's annual report for 2022-23. The company, which produced 5.3 million units in 2022-23, has augmented user interface of digital channels, which have emerged as a preferred destination for customers' pre- and post-purchase needs, he told shareholders. Munjal said the company has invested significantly in upgrading its information technology systems, adopting advanced analytics and Artificial Intelligence (AI) tools, and in implementing automation technologies. "Our flagship project 'Digital Factory Lighthouse

Electric mobility startup Motovolt on Friday said it has acquired an undisclosed stake in German electric two-wheeler maker eROCKIT AG for 1 million euros (nearly Rs 9 crore). The company plans to further invest around 10 million euros (nearly Rs 90 crore) in India for industrialisation of the latter's products, Motovolt said in a statement. "The deal with eROCKIT is going to make a major impact on the Indian markets, and transform the two-wheeler segment. Our aim is to benefit from eROCKIT's knowhow to develop relevant product solutions for Indian consumers," Motovolt Founder & CEO Tushar Choudhary said. Motovolt intends to redefine the electric motorcycle category in India by significantly boosting user experience through usage of eROCKIT's technology platform such as their futuristic drivetrains and the excellence of German engineering, he added. "We will also be focusing on extensively manufacturing eROCKIT's products domestically under the 'Make in India' initiative and setup

Home-grown auto major Tata Motors led the segment

As part of its transition to the EV business, the company has started forming tie-ups and partnerships with other firms

Higher exports may offset some of the volume, cost pressure

Price hikes to pass on the costs will be difficult amid falling volumes

Total exports (both two-wheelers and commercial vehicles) also declined 7 per cent

This year, BMW Motorrad India had a slew of new launches

The EV maker's first manufacturing unit with a capacity to produce one million units a year

The Compact is the world's largest initiative in its space; it is a voluntary set up based on CEO commitments to implement universal sustainability principles

The country's largest two-wheeler maker Hero MotoCorp on Thursday said it will increase the price of its entire model range by up to Rs 3,000 from September 20

This will come as a boost for the government, seeking private sector capex

The increase came on back of last year's low base

During January-August this year, YMIS sold 2,88,942 units of two-wheelers compared to 4,54,617 units in the year-ago period, a decline of 36.44 per cent

"It will definitely help and act as a tailwind for the industry against what we are seeing today, the headwinds from multiple sides," Guleria noted

Brokerages prefer Bajaj and Hero, given its weak financial profile and premium valuation