Scheme offered to the 40-plus or those with 10 years in the company
Motorcycle sales grew by 27%, recording 119,051 sold units in December 2020 as against 93,697 units in December 2019
Two-wheeler maker Yamaha Motor India on Friday reported a 33 per cent growth in sales to 39,224 units for December
Says Hero MotoCorp had the best ever month of October since it started in 1985 with highest production, dispatch and sales in a day
Automobile dealers' body FADA said passenger vehicle retail sales in November witnessed a year-on-year increase of 4.17% to 291,001 units as Diwali-Dhanteras led to rise in vehicle registrations
Third straight month of growth since factories and dealerships re-opened after lockdown; with festivities drying up, sales are likely to cool off
Motorcycle sales grew 26 per cent to 133,531 units.
While M&M closed at Rs 705.6 a piece, up 10.8 per cent - the highest in 18 months, Tata Motors' shares ended at Rs 173.6, a piece up 9.8 per cent-the highest in 33 months
The festive season witnessed strong customer preference for Destini and Pleasure scooters, resulting in high double-digit growth for the two models
Ratings agency ICRA on Monday said it expects that the sustainability of domestic demand in two-wheeler would remain contingent upon the COVID-19 scenario following the festive season
Dealers fear a weak retail demand may lead to stock pile-up
Amid increasing consumer preference for personal mobility, the original equipment manufacturers have continued with higher wholesale billings during July-September 2020, says a new report
The country's largest two-wheeler maker had posted a net profit of Rs 883.78 crore during the July-September period of the previous fiscal
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 two-wheeler major had posted a net profit of Rs 1,523.31 crore in the July-september period of previous fiscal
While the overall consumption and investment demand is expected to remain subdued for an extended period, some growth off-shoots are visible in rural markets, it added
During the April to September period domestic moped sales went down by 24.41 per cent to 251,166 units from 332,284 units
Rural sales at present are around 23 per cent of overall sales, which is nearly the same as in pre-Covid times
The sales of electric two-wheelers increased by 72 per cent in September on a year-on-year basis, the Society of Manufacturers of Electric Vehicles (SMEV) said on Wednesday.The registrations stood at 2,544 units last month as against 1,473 vehicles sold in September last year."We are experiencing huge customers' interest in green vehicles as buyers have seen how the environment feels when no fuel-guzzling vehicles are on roads," said SMEV Director General Sohinder Gill."The upcoming festive season will add to the pent-up demand and help manufacturers to recover what they lost in the first and second quarter due to COVID lockdown," he said in a statement.Between April and September, the industry registered sales of 7,552 electric two-wheelers as against 10,161 in the corresponding period of last fiscal."The outlook for rest of the year remains positive as we hope the recent move by the Centre allowing vehicles to be sold without a battery will help the industry to move forward," said ..
Double digit growth in exports and premiumisation trend in the domestic market are triggers