Two-wheeler Market

Among passenger vehicles, Maruti Suzuki saw a 0.8% decline in domestic sales, while Tata Motors reported a 4.1% jump in sales

Still FY23 sales figure, so far, is up 146%; FY24 outlook is bright, say experts

As the electric vehicle (EV) adoption grows in India, the electric two-wheeler sales volume in the country is likely to reach 22 million by 2030, a report showed on Wednesday

Greaves Electric Mobility Pvt Ltd, the company's arm, has electric two-wheeler models Primus, Magnus EX and Reo Plus under the Ampere brand umbrella

Engineering company Greaves Cotton on Wednesday unveiled its range of electric two-wheeler and three-wheeler electric vehicles at the ongoing Auto Expo 2023. The company at the event unveiled three two-wheelers under Ampere brand series -- Ampere Primus, Ampere NXG and a multi-utility scooter Ampere NXU which can be also used for deliveries. In the commercial three-wheeler segment, the company unveiled an electric passenger vehicle Greaves ELP, cargo EV Greaves ELC and a futuristic cargo concept Greaves Aero Vision. Greaves Electric Mobility Private Ltd, CEO and Executive Director, Sanjay Behl said Ampere Primus will be available during the ongoing quarter, while rest of the vehicles will be made available during the course of next financial year. "Ampere Primus is now open for bookings across India. Rest of the vehicles will be launched in the next financial year," Behl said. Greaves Cotton Executive Vice Chairman Nagesh Basavanhalli at the event shared the company's commitment t

Electric two-wheeler sales could miss the target of 10 lakh units in fiscal 2022-23 by 20 per cent, mainly due to withholding of around Rs 1,100 crore subsidy by the government, according to industry body SMEV. In 2022, sales of electric two-wheelers stood at around 6 lakh units, with three major electric two-wheeler (E2W) makers -- Hero Electric, Ola and Okinawa -- crossing the 1 lakh annual sales mark for the first time, the Society Of Manufacturers Of Electric Vehicles (SMEV) said. These original equipment manufacturers (OEMs) dominated the E2W market, controlling over 50 per cent of the total market share, and emerged as the top players in the category. Though the E2W industry performance in the calendar year 2022 looks positive with sales of around 6 lakh units, "the volumes are not keeping up with the projections made by Niti Aayog and many other research agencies", SMEV said. "December has raised a red flag for the industry as it has witnessed a 28 per cent dip in sales, ...

BMW Motorrad, the two wheeler division of the German luxury car maker, expects sales to grown in double digits next year as well as it remains bullish on the long term growth prospects of the country. The company, which sells a range of motorcycles in the country, is looking to cross the 7,000 unit sales mark this year. With sales volume this year till November having already crossed the 6,000 units mark, a growth of around 40 per cent as compared to same period last year, BMW Motorrad India has for the first time entered the top ten markets for the brand globally. The company had sold 5,191 units in the country last year. "I am absolutely certain of that," BMW Motorrad Head of Region Asia, China, Pacific & Africa Markus Mueller-Zambre told PTI when asked if the company would be able to achieve double digit volume growth in 2023. In order to continue with sustainable growth in the market, the company has realigned its strategy a bit to reflect on the measures it needs to take to .

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV

Muted domestic demand and margin pressure may weigh on the stock

Plans to roll out electric two-wheelers in every segment in the next 12 months

Some of the uptick is also attributable to the marriage season which usually perks up the volumes in the northern part of the country

The country's largest two-wheeler maker Hero MotoCorp on Friday said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1. The price will increase up to Rs 1,500, and the exact quantum of the hike will vary by specific models and markets, the company said in a statement. "The upward revision of the prices of our motorcycles and scooters has been necessitated due to overall inflationary costs," Hero MotoCorp Chief Financial Officer Niranjan Gupta said. The company will continue to provide innovative financing solutions in order to cushion the impact on the customers, he added. "We have also put in place accelerated savings programmes, which will help us to offset any further cost impact, and drive improvement in margins," the two-wheeler major said. Moving forward, the economic indicators are favourable to a growth in demand, and the company expects industry volumes to pick up in coming quarters, it added.

Company says bike has the most advanced battery pack in the industry

Firm is in also in talks with various state govts to set up a third plant, which when completed, is likely to have a capacity of a million units a year

'It took us a long time because we started at a time when nobody even believed that electric vehicles would become possible. It was an uphill battle for us'

Ola Electric plans to eventually have the capacity to produce 10 mn two-wheelers, 1 mn cars

Royal Enfield has made aggressive moves in the 250-350 cc segment that it dominates, but the competition is accelerating

Royal Enfield has made aggressive moves in the 250-350 cc segment that it dominates, but the competition is accelerating

Manufacturers say 1.5 million two-wheelers could be sold in FY24