Two-wheelers Sales

Manufacturers like Royal Enfield, Suzuki saw double-digit rise in sales last month

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 ...

The 2023 sales are still much below the pre-pandemic peak observed in 2018 when 21.645 million units of two-wheelers were sold

The Federation of Automobile Dealers Associations (FADA) data showed a 19 per cent growth in auto sales during the 42-day festival period in 2023

Last week the company said it recorded highest-ever festive sales, clocking more than 1.4 million units in retail sales during the 32-day festive period.

Hero's domestic sales dropped by 12.18 per cent YoY to 391,310 units. Bajaj's domestic sales dropped 13.62 per cent YoY in July

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

Ola is not the only company making advances in this technology. TVS also recently announced that it was working to build a camera-based helmet reminder system

The Triumph Street Triple comes powered with a liquid-cooled, 765cc, three-cylinder engine which produces 120hp and 80 Nm of peak torque

Share of value of components supplied to the two-wheeler market goes down

Rural states, such as Uttar Pradesh, Bihar and Jharkhand, have fallen higher in September on a MoM basis

Dragged down by two-wheelers, overall retail falls 8%

Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors

This includes the JV with Tacita; company is in talks with PE firms

Demand for two-wheelers continues to be weak while that for passenger and commercial vehicles remains robust as compared with last year, a survey by ratings agency Icra has revealed.

India needs more big banks to aid economic growth, says Finance Minister. More in top headlines of the day

The total wholesales across categories, excluding commercial vehicles, declined to 1,586,873 units last month, compared to 1,790,115 units in August 2020.

The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 22 per cent dip in total sales at 453,879 units in August as compared with same month last year

Suzuki Motorcycle India Pvt Ltd (SMIPL) on Monday reported an over two-fold increase in total sales at 73,083 unit sales in July 2021

The country's largest two-wheeler maker Hero MotoCorp on Sunday reported a 13 per cent dip in total sales at 454,398 units in July