TVS had posted a total sales of 2,97,747 units in the same month last year, the company said in a statement
'Three consecutive years of decline will take two-wheeler sale volumes back to the fiscal 2014 level and it may take 3-4 years to reclaim the peak sales volume of 2.11 crore seen in 2019'
The key exports include the TVS Apache series, TVS HLX series, TVS Raider, and TVS Neo series.
The low year-on-year sales volume in January highlights the adverse impact of price hikes, fuel inflation, and Omicron-related concerns on consumer sentiments, says ICRA
The sales of two-wheelers plunged to lowest in nine years in 2021. Does the trend reflect the declining purchasing power of people in the middle and lower-income groups? Let's find out
YTD fiscal year sales plunge to the lowest in nine years, January remains muted
The 164.9-cc motorcycle generates 19.2 PS power and will be limited to 200 units
The new low-speed two-wheelers can run up to 25km/hour with a mileage of 70-100 Km
The Indian arm of the Japanese two-wheeler had sold a total 4,33,207 units, including exports, in November 2020, the company said
Domestic two-wheeler (2W) volume is expected to shrink by 1-4 per cent year-on-year this fiscal, impacted by relentless increase in 2W prices as well as record high petrol cost, ICRA has said
Darwin Platform Group of Companies (DPGC) on Monday announced its foray into the electric mobility space with plans to invest nearly Rs 450 crore on product development. As part of the initiative, the group's EV venture Darwin EVAT launched three electric scooters -- D-5, D- 7 and D-14 -- priced at Rs 68,000, Rs 73,000 and Rs 77,000, respectively. "Global automotive industry is in a transition phase and shifting towards electric mobility and in India, this transition has started to pick up pace. Darwin EVAT aims to contribute more to this electric revolution," DPGC Group CEO Raja Roy Choudhury said in a statement. Commenting on the group's plans for the EV venture, DPGC Director & Head Automobile Business Saurabh Mohan Saxena said, "The company and group would initially invest nearly Rs 450 crore in this transformation and is taking a comprehensive approach, ranging from research and development to production of green vehicles, which also includes strategic collaborations and ...
The company also said that it is looking to set up another plant, in South India, considering the potential of the domestic market
The company is targeting an annual revenue run rate of $3 billion in two years
Italian superbike maker Ducati on Wednesday launched its all-new Hypermotard 950 range of motorcycles in India with prices starting at Rs 12.99 lakh (ex-showroom across India)
In the domestic market, the company's wholesales dropped to 5,27,779 units last month from 7,91,137 units in October 2020
Domestic two-wheeler sales were also lower at 2,58,777 units last month as compared to 3,01,380 units in October 2020
Revenue from operations rises 23% to Rs 6,483 cr
Mid-sized motorcycle maker Royal Enfield on Friday said its total wholesales in September declined by 44 per cent to 33,529 units
Total two-wheeler sales down 1%, domestic show was worse, with 18% dip
As a result, unsold inventory at the sales channels across Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor and Bajaj Auto have risen from the average 40-45 up to 75 days.