Dealers fear a weak retail demand may lead to stock pile-up
Under the agreement Hero Motocorp will produce and handle distribution and after-sales for Harley products
Two-wheeler stocks such as TVS Motor, Hero MotoCorp, and Bajaj Auto were among the top gainers on the Nifty Auto index, surging up to 1.6 per cent in the intra-day deals on the National Stock Exchange
The company is now accepting bookings for the all-new Multistrada 950 S for an initial amount of Rs 1 lakh, Ducati India said in a statement
During the April to September period domestic moped sales went down by 24.41 per cent to 251,166 units from 332,284 units
Firm plans to launch pre-owned vehicles in India next month. Today the brand has 7,000 customers here and the India Business Head says that would be good enough to start the programme
Double digit growth in exports and premiumisation trend in the domestic market are triggers
The company had posted a net profit of Rs 1,256.69 crore during April-June period of previous fiscal
The company had sold a total of 69,236 units in the same month last year
Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent
Domestic sales were at 37,925 units, as against 49,182 units in the same month last year, down 23 per cent
Motorcycle sales were at 1,06,062 units last month, as against 1,08,210 units in July 2019, while scooter sales were at 78,603 units, as against 1,05,199 units in July 2019, the company said
In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year
The research shows that the pre-owned vehicle will see a good traction as 96 per cent of the respondents want to purchase used car
'While we forecast that India's motorcycle sales will contract by 23.7 per cent year-on-year in 2020-21, we expect motorcycle production to contract by just 16 per cent year on year," it said
Expected demand pick-up in tier-II and tier-III cities as well as preference for personal mobility amid the Covid-19 health concerns are the top two factors that would drive the demand, analysts say.
The push for electric vehicles has been a long time coming for India, and the limited mobility during and post lockdown has created a window of opportunity for firms in the e-bike space
Top officials at two-wheeler makers said they have seen an encouraging response with a steady increase in inquiries and sales
Companies like BMW, Hyundai, Volvo and Peugeot have successfully deployed almost contactless online sales globally
Brokerages prefer Bajaj and Hero, given its weak financial profile and premium valuation