Two-wheeler Market

Ather plans to convert all its 215 service centres into Gold service centres. Additionally, Ather's ExpressCare ensures vehicles are serviced and ready within 60 minutes

Dealers' association expects inventory to reduce, helped by sales during weddings

PV, 2W segments post their highest-ever domestic sales on demand spurred by Dussehra, Diwali

Analysts are optimistic about major revenue growth for Bajaj Auto, driven by robust volume increases and effective pricing strategies.

Exports of electric two-wheelers from India has a lot of potential, specially to markets where Indian manufacturers are already selling conventional engine counterparts, Union Minister Nitin Gadkari said on Tuesday. Speaking at the launch of Revolt Motors' electric commuter motorcycle here, Gadkari said 50 per cent of motorcycles produced in India are exported and major players like Bajaj Auto, Hero MotoCorp, and TVS have a large presence in the international markets. The minister asked Revolt Motors to explore markets in the neighbouring countries as well as Africa and Latin America. Anjali Rattan, Co Founder and Chairperson of Rattan India Enterprises -- the promoter firm of Revolt Motors -- said the company has firmed up plans for exports to Sri Lanka to start with. The company is exploring export opportunities in Nepal, Africa, and Latin America as well. Revolt Motors on Tuesday launched its commuter bike RV1 with introductory prices of Rs 84,990 and Rs 99,990 for two variants

Hero MotoCorp stands to gain with rural growth expected to drive up demand in the two-wheeler market, particularly in the commuter segment.

With rural recovery expected widely, the festive season is expected to further boost the performance of tw-wheeler players this year.

TVS Motor Company on Sunday said its total sales increased 13 per cent year-on-year to 3,91,588 units in August as compared with the same month last year. The company had dispatched 3,45,848 units to its dealers in the same month last year, TVS Motor Company said in a statement. Total two-wheeler sales last month stood at 3,78,841 units as against 3,32,110 units recorded in August 2023, a growth of 14 per cent. Two-wheeler sales in the domestic market grew 13 per cent year-on-year to 2,89,073 units last month from 2,56,619 units in August 2023. Total exports registered a growth of 14 per cent with sales increasing from 87,515 units in August last year to 99,976 units last month.

The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.

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 ...

Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.

OEMs may post 9-10% revenue growth for June quarter

The two-wheeler industry is expected to sustain a steady volume growth this fiscal driven by improved domestic sales and good traction in executive and premium segment motorcycles, a report said on Monday. According to CareEdge Ratings, post-Covid, sales volume of two-wheelers had consistently declined during FY20, FY21 and FY22 before starting to recover from FY23, with sales momentum continuing in FY24 as well. "CareEdge Ratings anticipates two-wheeler sales volume growth to continue in FY25 and it would be more driven by improved domestic sales, higher EV sales, launch of CNG powered two-wheelers and good traction in executive and premium segment motorcycles," said Hardik Shah, Director at CareEdge Ratings. The growth in the two-wheeler segment in FY25 is also expected to be aided by the likely interest rate cuts in the second half of FY25, strong demand for new model launches coupled with recovery in exports from its low base and favourable monsoon which is likely to improve rur

Going against the trend, TVS reported that its two-wheeler sales registered a growth of 7 per cent, increasing from 252,690 units last May to 271,140 units in May 2024

In the past one week, Hero MotoCorp has outperformed the market by surging 13%, against near 1% decline on the Sensex, after the company reported a stellar performance for the March quarter.

.

The domestic two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta. The country's largest two-wheeler maker, which reported a total income of Rs 10,031 crore in the October-December quarter this fiscal, also expects the entry level segment to do better going ahead. "As far as the demand is concerned, as we have been saying, we do expect the industry to grow double digit on revenue in the coming year at the least," Gupta said in an analyst call. He noted that in the domestic two-wheeler space there is a shift taking place towards premiumisation with buyers looking for feature-rich trims. Gupta stated that the entry level bike vertical, which has seen muted sales over the last few years, is also on a recovery path. "So, it's not just about the top end of India which is growing, you can see aspirations of people growing," Gupta stated. He

TVS Motor reported a 23 per cent increase in vehicle sales to to 339,513 units in January. The company had recorded total sales of 275,115 units in January last year, TVS Motor said in a statement. Sale of two-wheelers registered a growth of 25 per cent with sales increasing from 264,710 units in January 2023 to 329,937 units in January 2024. Of this, domestic sales spiked 24 per cent to 268,233 units in the previous month, it said. In the two-wheeler segment, motorcycle volumes were up 29 per cent to 1,55,611 units from 1,21,042 units in January last year, it said. The scooter segment registered a growth of 24 per cent with sales increasing from 106,537 units in January 2023 to 132,290 units in January 2024, the company said. The company said in January, it also witnessed a 34 per cent year-on-year growth in electric vehicle sales at the at 16,276 units. According to the company, its total exports grew 22 per cent. Two-wheeler exports registered a growth of 28 per cent with sa

Domestic passenger vehicle wholesales grew by 4 per cent to 2,86,390 units last month, the Society of Indian Automobile Manufacturers said on Friday. As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were 2,75,352 units in December 2022. Two-wheeler domestic wholesales stood at 12,11,966 units last month as against 10,45,052 units in December 2022, a growth of 16 per cent. Similarly, three-wheeler wholesales were higher at 50,537 units last month as compared to 38,693 units in December 2022.

Two-wheeler major India Yamaha Motor has launched its latest sports motorcycles -- R3 and MT-03 -- widening its product portfolio in the domestic market, the company said on Wednesday. The two products -- the track-oriented R3 and the street fighter MT-03 -- have been launched as part of the brand campaign -- The Call of the Blue -- and would be sold in the country as 'completely built-up units' (CBUs). "These two iconic motorcycles truly represent Yamaha's racing DNA and underscore the brand's unwavering commitment to advancing the premium motorcycle segment in the Indian market," a company statement said. The R3 motorcycle is priced at Rs 4,64,900 while the MT-03 is priced at Rs 4,59,900 (ex-showroom Delhi). Both motorcycles are exemplary specimens of Japanese technology and would be exclusively sold through select Blue Square dealerships in the country, the statement said. "As an integral aspect of the Call of the Blue Brand campaign, Yamaha is committed to strengthen its premiu