Page 4 - Bikes
Demand for EV bike prompts Boom to pause bookings, refund some customers
Tamil Nadu-based Boom Motors plans an additional investment of Rs 350 crore to maintain success of brand launched in November.
 "Demand for EV bike prompts Boom to pause bookings, refund some customers")
Hero MotoCorp launches Glamour Xtec with price starting at Rs 78,900
The new Glamour Xtec is powered by a 125cc BS-VI engine.
 "Hero MotoCorp launches Glamour Xtec with price starting at Rs 78,900")
Revolt Motors sells out e-bikes within minutes of opening online sales
Revolt Motors on Thursday witnessed another round of massive electrifying sales with its e-bikes sold out within minutes of opening online sales, RattanIndia-backed EV maker said on Thursday. The company had earlier re-opened sales on June 18 but was forced to put brakes on the process within two hours of the resumption due to heavy rush. This time, the bookings were closed out within minutes of launching sales on the Revolt website, the company said in a statement. Revolt Motors claimed that these sales came against the backdrop of petrol prices reaching over Rs 100 in several cities. It added that with running cost of Revolt electric bikes being Rs 9 per 100 km compared to petrol bikes which cost Rs 250 per 100 km, the cost saving for its RV400 bikes is hard to miss. Besides RV 400 model, the Gurugram-based electric vehicles maker also manufactures and sells RV 300 model of motorcycle. According to Revolt Motors, with falling battery prices, EV bikes prices are already comparabl
 "Revolt Motors sells out e-bikes within minutes of opening online sales")
Royal Enfield may look at hiking prices in April over commodities
Niche bike maker Royal Enfield may look at hiking prices from April in view of rising commodity prices, a top company official said on Wednesday. The company, which is a part of Eicher Motors, has already increased prices by multiple times over the last six months. "Commodity prices have gone up, we have tried to offset it by multiple things including price hikes in the last few months. We will probably be increasing prices again in April like everyone else in the industry," Royal Enfield CEO Vinod K Dasari told reporters. When asked about the quantum of the price hike, Dasari said it would be in single digit (percentage terms). Elaborating on the company's export plans, Eicher Managing Director Siddhartha Lal said the company aims to be the number one player in the mid-sized motorcycle segment globally. "We want to be present across all relevant markets across the globe. Our aim is to be number one player in the mid size bike segment in the next decade," he noted. Lal said the .
 "Royal Enfield may look at hiking prices in April over commodities")
106% spike in 350cc-plus bikes drives Royal Enfield's Dec sales up 37%
However, overall sales for nine months to December drop 24%
 "106% spike in 350cc-plus bikes drives Royal Enfield's Dec sales up 37%")
Triumph-Bajaj Auto to roll out jointly developed bikes from 2022
The first Made-in-India Triumph model from the new venture is likely to be a 400cc motorcycle, priced below Rs 2 lakh
 "Triumph-Bajaj Auto to roll out jointly developed bikes from 2022")
Harley, others hit as duty hike makes locally assembled big bikes costlier
Industry feels foreign players will want to gain some volumes in India before developing local vendor base
 "Harley, others hit as duty hike makes locally assembled big bikes costlier")
