Royal Enfield has made aggressive moves in the 250-350 cc segment that it dominates, but the competition is accelerating
As of now, Tata Motors Tiago EV priced between Rs 8.49 lakh and Rs 11.79 lakh is the most affordable e-car in India
Manufacturers say 1.5 million two-wheelers could be sold in FY24
The company is also open to mergers and acquisitions in the auto tech space
Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show
Supply-side glitches, impending govt regulations, fires, and delay in FAME II subsidy handout have forced start-ups to mothball ramp-up plans
On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.
The updates to the Vespa GTS include a mild facelift, a new front suspension and a new 300 HPE engine
The Puducherry government has announced that motorists riding two-wheelers and travelling pillion should both compulsorily wear helmets as the Union Territory has seen a rise in fatal road accidents in recent past. Transport Commissioner A S Sivakumar said a notification has been issued making it compulsory for two-wheeler riders to put on helmet. In a press release on Saturday, he said those riding two-wheelers without wearing helmets and those sitting pillion without using helmets would be levied a fine of Rs 1,000 each for first time violations. The driving licences of defaulters would also be suspended for three months. Besides not wearing helmets, those found to be using mobile phones while riding the vehicles would also face penal action. It may be mentioned that helmet wearing has not been compulsory in Puducherry till now. Sivakumar said road accidents have been on the rise in Puducherry. He said 3,410 accidents occurred on the roads in the UT between 2019 and 2021. The ..
Just 7 companies accounted for 86% of all electric two-wheeler registrations in September
There is a penalty if the vehicle owner fails to intimate the new address to the registering authority within the specified period of time
FY22 will be 'year of inflection' for industry; clean energy mobility to help India reduce carbon emissions
'The company is targeting to earn Rs 300 crore revenue in the first year after launching the first vehicle'
Electric two-wheeler maker Motovolt Mobility on Tuesday said it plans to invest Rs 200 crore next year on new products and to expand its manufacturing footprint and sales network. The company, which on Tuesday launched its electric bike URBN in two variants priced at Rs 49,999 and Rs 54,999, is looking to set up satellite manufacturing units to be closer to the market. "We have a plant at Kolkata now. We are looking to set up satellite manufacturing units in North and South India so that we can be closer to the market," Motovolt Mobility Founder and CEO Tushar Choudhary told PTI here. The Kolkata plant has an annual capacity of 50,000 units. "In the next phase, we are looking at capacity of one lakh annually for which we are considering a new unit, preferably in North India as Delhi is an attractive market for us considering the incentive we are getting for the URBN e-bike," he added. The company is targeting sales of 50,000 units by March 2023, he added. When asked about investm
The fund will be used to provide guarantees against defaults on loans taken to buy electric two-, three-wheelers
Hero MotoCorp on Thursday said it has increased prices of its two-wheelers by up to Rs 1,000 to partially offset the impact of cost inflation. In a regulatory filing, the company said, it has made an upward revision in the ex-showroom prices of its motorcycles and scooters, with immediate effect. "The price revision has been necessitated to partially offset the impact of cost inflation," it said, adding, the hike "will be up to Rs 1,000 and the exact quantum of increase will vary by model and market". Hero MotoCorp sells a variety of motorcycles and scooters ranging from entry level bike 'HF 100' priced at Rs 55,450 to XPULSE 200 4V priced at Rs 1.36 lakh (ex-showroom Delhi).
Auto companies will see business increasing by 25-30 per cent thanks to scrapping, says minister
Company reportedly looking to launch three two-wheeler concepts later this month
At 10:59 am; TVS Motor Company's market capitalisation stood at Rs 50,312 crore, the BSE data shows.
MBSI has 3,300 units in its fleet and it expects to grow up to 9,500 units by the end of this year, Shiraishi told Business Standard in an interview.