Hero MotoCorp reported a whopping 43% decline in India two-wheeler sales in November due to a sharp downturn in rural demand. The company, which gets most of its customers from rural and semi-urban regions, sustained a sharp blow to both its motorcycle as well as scooter sales, with the latter taking a bigger beating. The […]
With the pent-up demand getting exhausted and the overall economy reeling under the impact of rising inflation and the after-effects of two waves of COVID-19, auto sales seem to be coming under pressure post the festival period. Two of the earliest companies to report their November numbers, Bajaj Auto and tractor maker Escorts, have both […]
Royal Enfield, India’s largest retro, semi-premium motorcycle brand, said its third assembly plant outside India started operations in Thialand. The plant, which will assemble the parts manufactured at the main plants in Chennai in India, will cater to markets such as Indonesia and Vietnam, besides the Thai market. Due to ASEAN trade pacts, it is […]
RattanIndia Enterprises, led by IndiaBulls founder Rajiv Rattan, has announced plans to open Revolt electric bike showrooms in 60 new cities by early next year, which will take the total number of showrooms to 75. These new cities include Kolkata, Chandigarh, Lucknow and the national capital. The current crop of showrooms are located in Bangalore, […]
One 97 Communications, which operates the PayTM payments platform in India, revealed details of its October performance late on Sunday, hours before trading resumed in its shares after a volatile first day on Thursday. The company’s shares had fallen by a whopping 27% on day 1, wiping out around Rs 38,000 cr of investor wealth […]
Hero MotoCorp, the world’s largest maker of motorized two-wheelers, said it will start its EV journey in March with a scooter developed fully in-house, but said current technology and battery prices prohibit the launch of electric motorcycles aimed at the mass market. The company has already announced that it would launch an electric vehicle in […]
Tata Motors again surprised on the upside with its excellent performance as far as October auto sales are concerned, even as market leader Maruti Suzuki faced yet another month of depressingly poor sales in its core hatchback segment. Mahindra & Mahindra, meanwhile, beat the blues thanks to strong demand for its newly launched XUV700 model. […]
GTPL Hathway, one of the country’s largest cable feed providers, said it plans to launch its Android box by the end of this month or early next month. “The hybrid box has been soft launched,” said Managing Director Anirudhsinh Jadeja. “There are around 1,500 boxes in the market.” The box was originally set to be […]
GTPL Hathway, the No.2 cable feed provider and No.6 wired internet provider in India, has started providing internet services through local cable TV operators or LCOs outside its home market of Gujarat. The strategy, as well as a spurt in demand for high-speed internet, helped it report a 10% sequential growth in broadband revenue in […]
TVS Motor Co said it has produced 1 lakh bikes under its tie-up with the local unit of German automaker BMW in India. In July 2018, TVS Motor Co and BMW launched two BMW models — the naked style BMW G310R and BMW G310GS, priced around the Rs 3 lakh mark. This was the result […]
Mahindra & Mahindra manufactured 1,535 units and sold 1,370 units of its latest and most high-profile passenger vehicle, XUV700, in the first month of sales – September 2021. This is only 2% of the total outstanding booking for the vehicle. Its predecessor, XUV500, had sold 1,213 units in its first month of sales, in October […]
Palred Tech, which sells IT and entertainment accessories under the pTron brand, has launched India’s cheapest Alexa speaker, priced at just Rs 1,799. The speaker comes with Alexa voice commands, and supports streaming music from services such as Amazon Prime Music, Gaana, Hungama Music, Jio Saavn and so on via wifi. pTron Musicbot Cube will […]
Saregama, India’s largest record label and an emerging force in the digital video space, looks all set to breach its pre-COVID revenue and profit numbers in the current financial year due to rising demand for streaming music. The company’s operating revenue had set a record in the year 2018-19 at Rs 544.7 cr, but declined […]
Bajaj Auto has kicked off the auto sales data for September with a set of not-so-uplifting set of numbers, indicating a moderation in demand after a sharp rise in sales due to pent-up demand. The company’s two-wheeler sales in India were down 21% in September 2021, indicating that the uptrend in auto sales seen after […]
Dish TV India, one of the largest direct-to-home satellite broadcasters in the world, said a shareholder resolution calling for the removal of its chairman and certain directors as proposed by YES Bank cannot be implemented without the approval of the government and lenders, and therefore, the DTH company has sought permission to postpone the annual […]
Chennai-based TVS Motor Company said it has signed a distribution partnership with ETG Logistics, part of a prominent South African business group present in over 70 countries across Africa, South East Asia, the Indian Sub-Continent, Latin America and the Middle East. ETGL will operate 30 dealerships for TVS Motor Company in South Africa as part […]
Mahindra & Mahindra said it will cut its automobile production this month by 20-25% due to a shortage of semiconductors. The company, like most producers, has been finding it difficult to source the chips required that carry out various functions within a car, such as controlling the engine/fuel flow, display boards and so on. “The […]
The latest industry numbers for the broadband and broadcasting industries seem to confirm what many industry watchers have been warning for years — the rising penetration of affordable and high-speed wired internet will displace cable and DTH services in India. While this has always been seen as a theoretical possibility or hypothesis, new data from […]
A month after it started reopening its amusement parks, Wonderla Holidays announced that it would reopen its flagship Wonderla Kochi park on Sept 1. This is the third and the last of the main locations for the company that is getting reopened after the second wave of COVID-19. South India’s biggest amusement park chain had […]
NXTDigital, the television channel aggregator, said it has signed on three MSOs in the India for its infrastructure sharing scheme, and expects the government to start approving these deals as early as this month. “There are three partner clients,” said CEO Vynsley Fernandes, speaking to investors, promising to disclose the names once the ministry permissions […]
