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HMSI is establishing a new scooter manufacturing line at its Vithalpur factory in Gujarat. This is expected to boost its exports from India
Manufacturers say 1.5 million two-wheelers could be sold in FY24
The updates to the Vespa GTS include a mild facelift, a new front suspension and a new 300 HPE engine
Ather Energy leads with a 4x increase in registrations in August; Hero Electric crosses the 10,000 mark once again, after a gap of over four months
TVS Motor Company on Monday reported a 13 per cent increase in total sales at 3,14,639 units in July. The company had posted a total sales of 2,78,855 units in the same month last year, TVS Motor Company said in a statement. Total two-wheelers sales were up 14 per cent at 2,99,658 units last month, as against sales of 2,62,728 units in July 2021, it added. Domestic two-wheeler sales stood at 2,01,942 units as compared to 1,75,169 units in the year-ago month, up 15 per cent, the company said. "The company has invested in strategic relationships and action plans for the supply of semiconductors and the efforts are yielding results with improvements seen this month as well," it said.
Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to profit despite high demand for its vehicles
The standard edition of Avenis is equipped with an external hinge type fuel cap for ease of fuelling, large under-seat space and body mounted LED headlamp
In a BSE filing, Scooters India said the Ministry of Heavy Industry and Public Enterprises has communicated that the competent authority has approved the closure
Centuries of colonisation had sapped the Indian economy of its riches and cars were not an option. Scooters were.
The company that manufactured famous scooters like Lambretta and Vijai Super will be shut down after the Cabinet gave its nod to a proposal to close the loss-making state-owned firm, sources said. The Cabinet Committee on Economic Affairs (CCEA) is believed to have given consent to shutting down of Lucknow-based Scooters India Ltd at its meeting on Wednesday, they said. The Scooters India brand name shall be sold separately as the company holds famous brands such as Lambretta, Vijai Super, Vikram and Lambro, shared an official. The company produces several types of three-wheelers under the Vikram brand. The government's go-ahead to the closure proposal paves the way for the Heavy Industry Ministry to begin the process of winding up of the firm. As per the proposed plan presented to the Cabinet, Rs 65.12 crore required for closure of Scooters India Limited is being sought as loan with interest from the Government of India, sources said. The proposal also entails offering voluntary
The company is also looking at exporting three-wheelers to neighbouring countries
Company used to manufacture the popular Lambretta scooters