Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today reported strong financial results for the third quarter ended December 31, 2023. Hero MotoCorp has been recovering well after pandemic-related disruptions. After decline in sales in 2020 and 2021 due to COVID-19, the company witnessed recovery in 2022 selling over 50 lakh units. Healthy […]
Tata Motors announced its November 2023 auto sales numbers, reporting total sales of 74,172 vehicles, a 1% decline from 75,478 units sold in November 2022. However, electric vehicle (EV) sales continued to grow, with 4,761 EVs sold in November, up 7% year-over-year. In the commercial vehicles segment, Tata sold 28,029 units in November 2023, compared […]
Bajaj Auto Ltd. registered a healthy 31% year-on-year increase in overall vehicular sales for November 2023, one of the country’s leading two and three-wheeler manufacturers stated today. The performance was led by the whopping 77% jump in domestic sales. According to the regulatory report submitted by the Pune-based company, Bajaj Auto clocked total sales of […]
Kolkata-based battery maker Exide Industries today reported its financial results for the second quarter and first half ended September 30, 2023. The company posted healthy growth in revenues and profits on the back of improved demand across automotive and industrial segments. Exide’s revenue from operations grew by 10% year-on-year to Rs 4,107 crore in Q2 […]
Royal Enfield, the two-wheeler division of Eicher Motors, is preparing for an exciting lineup of new motorcycle launches over the next few years. With a rich 120-year history and a strong heritage in building classic styled motorcycles, Royal Enfield has seen a resurgence in popularity and sales growth in recent years. However, it is also […]
The trends seen in the last two months in auto sales continued in September, with urban and premium models and segments doing well, while commuter and rural oriented segments continued to underwhelm. The high base of Tata Motors’ passenger vehicle division started catching up with the company, even as Maruti hit one of its all-time […]
Pune-based auto component major Bharat Forge is aiming to double its consolidated revenue to around $3.2 billion in the next 3-4 years, said analysts from InCred Equities after an interaction with the company management. The auto and engineering parts manufacturer is banking on strong growth prospects in the defence and aerospace sectors and with a […]
Maruti Suzuki has enjoyed an enviable position in the Indian automobile market for decades. The company has dominated car sales in India since the 1980s, capturing over 40% market share consistently. However, recent developments have raised concerns that Maruti Suzuki may be headed down the same path as Nokia and Kodak – complacent incumbents who […]
Maruti is gearing up to enter the space in 2025. The company is developing its first EV model at its Gujarat plant, with plans to launch six EV models by 2031 that would comprise 15-20% of total sales
The car dealership chain said it also expects sales Mercedes Benz to accelerate, and that it has started operations for MG Motor in Madhya Pradesh
Maruti Suzuki Ltd, India’s largest auto maker, reported robust numbers for August, as it consolidated its recently acquired status as India’s top SUV maker. The company’s total vehicle sales for August rose 14.5% on the year to 1.89 lakh vehicles, led by strong sales of SUVs. The automaker, which recently launched the much-awaited 4-wheel drive […]
Honda Motorcycle & Scooter today launched what is perhaps among the most awaited motorcycle in the last several weeks — the 2023 model of the Honda Unicorn. Priced at around the 1.25 lakh mark, Honda Unicorn is arguably the most well-loved and respected ‘mass market’ motorcycle in the country, and has made a strong reputation […]
Maruti Suzuki India, the local unit of Suzuki Corporation, has got a new CEO after ten years. Current CEO Kenichi Ayukawa will step down next week and his place will be taken by the current Joint MD Commercial, Hisashi Takeuchi. Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. “With vast experience in the international operations […]
Tata Motors, India’s second biggest automaker, is on track to set another monthly record in terms of passenger auto sales in February, even as market leader Maruti Suzuki will continue to see a year-on-year decline, according to Emkay Research. The third major listed automaker, Mahindra & Mahindra is also scheduled to report a strong February […]
ElecTorq Technologies, which makes delivery-oriented Baaz electric bikes, said it raised $2 mn from investors such as Kalaari Capital, AdvantEdge, 9Unicorns and Sumant Sinha to fund its expansion plans. The company focuses on delivery workers with its bikes and automatic battery swapping network. “We are getting bombarded with requests from gig workers to join our […]
Bajaj Chetak, the first electric two-wheeler from Bajaj Auto, has been launched in Delhi, Mumbai and Goa, the company said. With this, the scooter — priced at around Rs 1.4 lakh — is now available in 20 cities. Chetak EV was launched in 8 cities during 2021, including Pune. The network has now been extended […]
Maruti Suzuki reported better numbers as part of its January Auto Sales performance compared to recent months, with India sales declining only 7% compared to the same month of last year. This is comparatively better than its performance in recent months. In November, for example, its domestic passenger vehicle sales fell by a whopping 19% […]
Tata Motors Ltd, India’s second largest passenger vehicle maker, has posted yet another record-breaking monthly sales number, selling a whopping 72,485 vehicles in January 2022. Unlike in the last 18 months or so, the growth in the first month of 2022 has come from both the commercial vehicle as well as the passenger vehicle business. […]
Kia India, the Korean carmaker and one of the fastest-growing, has started producing its three-row recreational vehicle Kia Carens in India, and said the car got 7,738 bookings in the first 24 hours. The car is being produced at Kia’s manufacturing facility in Anantapur, Andhra Pradesh. “The Kia Carens is the latest ‘Made-in-India’ offering from […]
With only days remaining for the entry of Hero MotoCorp into the electric scooter market, Hero Electric — run by relatives of the promoter family of Hero MotoCorp — have entered into a five-year agreement with Mahindra & Mahindra, a rival of Hero MotoCorp and one of India’s largest automakers. Under the contract, Mahindra & […]
