Two Wheelers

Hero MotoCorp records increase of 15% in March sales to 519,342 units

Two-wheeler maker Hero MotoCorp on Saturday reported a 15 per cent rise in total sales at 5,19,342 units for March 2023 as compared to 4,50,154 units in the same month last year. Domestic sales last month were at 5,02,730 units as against 4,15,764 units in March 2022, a growth of 21 per cent, Hero MotoCorp said in a statement. Exports were, however, lower at 16,612 units as against 34,390 units in the year-ago month. In 2022-23, the company sold 53,28,546 units as against 49,44,150 units in 2021-22, up 8 per cent. Domestic sales in FY23 stood at 51,55,793 units as compared to 46,43,526 units in FY22, a growth of 11 per cent. Exports were lower at 1,72,753 units as compared to 3,00,624 units in FY22, the company said.

EVs account for 4.4% of 2-wheeler registrations, shows VAHAN data

Ola Electric is Numero Uno in the segment, with 22% share

Electric two-wheeler companies pencil in slow sales growth for FY24

For FY23, SMEV's projection was close to that of the government as it expected sales to be over 1 million

India should aim for 100% electric two-, three-wheelers by 2028: Kant

Former Niti chief dwells on need for first-loss guarantees and blended finance to boost private capital flow; calls for installing 5 mn fast chargers, urges battery swapping and PLIs for localised mfg

Ola, TVS, Ather account for 60% 2-wheeler EV registrations in 2023

Registrations in February slowed compared to the previous months, partly because of the FAME-II subsidy issue and also because there were fewer days in the month

Bajaj Auto slips over 4% on concerns of weak export sales

Analysts believe that exports are likely to remain under pressure in \near term, owing to weak macros, adverse currency movements and dollar availability issues in Africa, South Asia and Latin America

Ola Electric plans to build world's largest EV hub in India for Rs 7,610 cr

The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells

Hero plans to expand electric two-wheeler range over next 12-18 months

The country's largest two-wheeler maker Hero MotoCorp plans to expand its electric two-wheeler range over the next 18-24 months as it looks to cater to demand across multiple customer segments, according to a senior company official. The company, which has already commenced sales of its electric scooter under Vida brand across Delhi, Bengaluru and Jaipur, plans to introduce the existing range in other cities as well in the next fiscal before it starts to roll out the new products. "With the launch in the three cities -- Delhi, Bengaluru and Jaipur -- where the customers are really taking up to the product and the overall sales and pre-sales experience...we are really ready to now multiply into many cities going into FY24 to establish ourselves wider into the market," Hero MotoCorp Head - Emerging Mobility Business Unit (EMBU)- Swadesh Srivastava said during an analyst call. Hero MotoCorp had launched VIDA V1 electric scooter in October last year in two variants Pro and Plus. The ..

Zypp Electric raises $25 million in Series B funding round led by Gogoro

Zypp plans to deploy 200,000 electric scooters and expand its footprint to 30 cities

Hero MotoCorp Chairman Munjal hails Budget; seeks GST cut on two-wheelers

Hero MotoCorp Chairman Pawan Munjal has called for a reduction in GST on two-wheelers to 18 per cent from current 28 per cent, while lauding the Union Budget 2023-24 as the dawn of a new high-growth economy, ensuring India's increased contribution to the global economy. The veteran auto industry leader noted that the two-wheeler segment, which has been witnessing subdued sales over the last few years, needs government support in terms of taxation. "There is a clear case for reducing the GST slab from 28 per cent to 18 per cent for the two-wheeler category, which has been adversely impacted over the past few years. This category is a means of mass mobility and should not be clubbed along with the luxury and sin goods category for GST slabs," Munjal said in a statement. He also said: "Further, now that the GST collections are buoyant, I urge the GST council to take this up since this segment is an income multiplier and its growth will boost the economy." Hero MotoCorp, the country's

Two-wheeler electric vehicle sales in India to reach 22 mn by 2030: Report

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

Hero Electric looks to raise nearly Rs 2,000 crore to drive expansion

The company is not looking for mergers and acquisitions, but is open to having a strategic investor who can bring some technical expertise

Results preview: 2W, PV auto firms to see muted sequential growth in Q3

Industry witnessed volume decline in the quarter owing to weak demand after the festive season, says one note

Greaves Cotton unveils new 2-wheeler, 3-wheeler EVs at Auto Expo 2023

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

Home-charging of 2-wheeler EVs may keep public charger demand low

By the year end, Ola Electric will have moved from 50 hyper chargers now to 1,000

Exicom to provide battery management systems for Hero Electric 2-wheelers

Electric two-wheelers (E2W) crossed 600,000 in sales in 2022, according to government data

Move to block Rs 1,100 crore subsidy for EV players arbitrary, says SMEV

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

Two-wheeler companies get over 2-year breather on emission sensor

Rule deferred as trial results were 'far from satisfactory'

Not worried about being late in launching e-scooter: Yamaha India Chairman

Eishin Chihana tells Business Standard that his company wants to ensure quality and safety first

Reise Moto introduces two-wheeler tyre for domestic market in joint-venture

Reise Moto, a joint venture between Mahansaria Group and European brand Mitas, on Monday launched a two-wheeler tyre range for the domestic market. The tyre under the 'Reise' brand will cater to both motorcycle and scooter segments and will also be shipped to South Asian markets. For Reise Moto, Mahansaria Group has entered into a 76:24 joint venture with Mitas. The company will roll out the tyres from its new facility in Saykha, Gujarat. The plant produces performance two-wheeler tyres under brand 'Mitas' for European and North American markets and under brand 'Reise' for the domestic market in India. "In today's highly dynamic Indian two-wheeler space, the key is to serve the ever-evolving needs and aspirations of enthusiasts who expect a lot more from their machines than just commuting," Reise Moto Founder & Managing Director Yogesh Mahansaria said in a statement. The company said it is developing a formidable network of distributor partners to sell the Reise range of ...