Motorcycle maker Royal Enfield on Monday reported an 18 per cent growth in total sales at 73,136 units in April 2023 compared to 62,155 units in the same month last year. Domestic sales grew 28 per cent to 68,881 units from 53,852 units in the year-ago month, the company said in a statement. Exports, however, declined by 49 per cent last month to 4,255 units compared to 8,303 months in April 2022. Royal Enfield CEO B Govindarajan said the company has begun FY24 on a confident footing after closing FY23 on a high note. The company has recently launched its Hunter 350 and the Scram 411 models in the USA and Latin American markets, he said, adding "I am sure that these motorcycles will continue to perform well and strengthen our foothold in these markets".
The manufacturer also benefited from pent-up demand as COVID-exhausted Americans were eager to hit the roads on cars and motorcycles
Two wheeler major Hero MotoCorp on Monday said it has inked a pact with the US-based Zero Motorcycles to collaborate on premium electric motorcycles. The collaboration combines the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp, the country's largest two wheeler maker said in a statement. In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in California-based Zero Motorcycles, a leading player in electric motorcycles and powertrains. "Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerate the transition of electric mobility in India and across our global markets," Hero MotoCorp Chairman & CEO Pawan Munjal said. The company has forayed into the electric scooter segment with the VIDA V1
The mid-segment bike will be the first among several models planned, will be sold separately by both companies under their own brands
This is part of the larger strategy to strengthen presence in the premium segment where rival Bajaj Auto and Royal Enfield have a stronghold and in which even TVS Motor Co is making rapid strides in
Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show
Domestic two-wheeler sales registered growth of 7 per cent increasing from 258,777 units in October 2021 to 275,934 units in October 2022
The cost of a 10-year motorcycle permit in the city-state hit a record S$12,801 ($8,984) this month according to data from the Land Transport Authority
alking about its Ultraviolette F77, the company said that the entire chassis of the bike has been redesigned to include the new battery pack, which is now fixed and heavier than before
Midlands region is home to more than 400 specialist firms including Aston Martin Lagonda and India-owned Jaguar Land Rover
The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets
The all-new Tiger 1200 family includes both the Pro variants -- GT Pro and Rally Pro) and the long-range variants -- GT Explorer and Rally Explorer, the company said
High raw material prices and semiconductor shortage puts recovery in doubt for companies' plans
Komaki Electric Vehicles announced the launch of its first battery-powered cruiser motorcycle Ranger and e-scooter Venice in the domestic market
Launches three models with prices starting from 198,000 from 300 dealer outlets
The Pune-based firm sold a total of 337,962 units in November in the domestic and exports market against the 329,185 units sold by Hero MotoCorp
Higher input costs drag margins down to 16.4%
The product is equipped with a new headlamp assembly and signature daytime running lamp (DRL)
British premium motorcycle brand Triumph Motorcycles on Tuesday said it has launched the updated version of Bonneville Bobber in India priced at Rs 11.75 lakh (ex-showroom).
The used two-wheeler firm is in talks for fundraising, plans to double showrooms