Page 4 - Two-wheelers

E-scooter fires: Govt orders forensic probe; to take action after report

Gadkari also said that as on March 25, as many as 10,76,420 EVs were registered in the country and 1,742 public charging stations (PCS) were operational

Govt-appointed experts to probe e-scooter fire incidents in Vellore, Pune

The investigators will try to find out if there is a manufacturing defect that affected their operation

Electric scooter sales are likely to reach an inflexion point this year

Analysts predict sales of 0.7-0.8 million, which may account for around 13% of the scooter market

Two-wheeler companies target nine-fold increase in electric vehicles

Top Indian two-wheeler companies are ramping up new capacity to hit over six million per annum by the calendar year 2023 to meet the anticipated demand for electric vehicles

Govt proposes hike in 3rd-party motor insurance premium from next fiscal

Union Road Transport Ministry has proposed an increase in third-party motor insurance premium for various categories, which is likely to jack up insurance cost of car and two-wheelers from April 1.

Two-wheeler sales skid 25% in February amid poor demand, chip shortage

Likely spike in fuel costs following soaring crude prices could delay recovery in the world's largest market for scooters and motorcycles, said analysts

Bajaj Auto reports 16% drop in total sales to 3,16,020 units in Feb

Bajaj Auto on Wednesday reported a 16 per cent drop in its total sales to 3,16,020 units in February. The company had sold 3,75,017 units in February 2021. Domestic sales last month stood at 1,12,747 units as against 1,64,811 units, down 32 per cent, Bajaj Auto said in a regulatory filing. Total two-wheeler sales declined 16 per cent to 2,79,337 units compared to 3,32,563 units in February last year. Total commercial vehicle sales slipped 14 per cent to 36,683 units against 42,454 units in the same month last year, the company said. Exports last month also witnessed a decline of 3 per cent to 2,03,273 units from 2,10,206 units in the corresponding month last year, it added.

Hero MotoCorp sales dip 29% in Feb to 358,254 units, but exports rise

Domestic sales were also down 31.57 per cent at 3,31,462 units last month compared to 4,84,433 units in February 2021

OTO achieves Rs 100-cr disbursal for 11k vehicles via its commerce platform

OTO, founded in 2018 by IIT-Mumbai alumnus Sumit Chhazed and Harsh Saruparia, has facilitated in sale and financing of over 11, 000 vehicles, of which approximately 2, 700 vehicles are electric

Hero MotoCorp expects 2-wheeler industry to make strong comeback in FY23

Hero MotoCorp expects the two-wheeler segment to make a strong comeback next financial year with Omicron wave subsiding and a broader economic recovery in sight, said a senior company official.

Govt's new rules for kids on two-wheelers: safety belt, helmet, 40 km/h max

Regulations apply for scooters, bikes carrying children aged between nine months and four years; will kick in a year down the line

Statsguru: Six charts explain India's uneven economic recovery

A key reason for lower than expected inflation projections could be weak demand

Volume recovery, extraneous export thrust to support margins at TVS Motor

Any value unlocking in the EV subsidiary could drive further gains

Kinetic Green to invest Rs 100 cr in electric two-wheeler project with Aima

Kinetic Green Energy & Power Solutions, which has partnered with Chinese EV major Aima Technology Group to co-design and develop electric two-wheelers for the Indian market, plans to invest around Rs 80-100 crore on the project, which entails three new models this year itself, its founder-CEO Sulajja Firodia Motwani has said. Pune-based Kinetic Green entered the rapidly-growing domestic electric two-wheeler space last year, after establishing its presence in the e-three-wheeler segment, with two scooter models -- Zing and Zoom. The Kinetic group had earlier in the mid-1980s partnered with Japanese auto major Honda Motor to manufacture scooters. "We have aggressive Rs 500 crore investment plans for our electric vehicles business, which includes capacity creation, product development and market penetration, among others, over the next five years. For this particular project (collaboration with Aima), we are looking at investing about Rs 80-100 crore," Motwani told PTI. This ...

Despite slowdown, motorcycle firms pin hopes on faster growing mid-segment

Royal Enfield corners 90-95 per cent of the middle-weight segment

Near-term headwinds may cap upsides for auto stocks, especially 2-wheelers

Price hikes, running costs and supply side pressures are the key concerns

JSW Group launches employee-friendly electric vehicle policy across country

Company will give financial incentives, free-of-cost dedicated charging stations and parking slots at its plants.

Wipro replaces Bajaj Auto in the Sensex; two-wheeler major skids 5%

Meanwhile, the Supreme Court last week dismissed a plea by Bajaj Auto against AAP government's decision to issue 4,261 new permits only to e-autos

Electrification in last-mile mobility now at inflection point: MEB head

Suman Mishra, CEO, Mahindra Electric Mobility attributes development to Fame II policy, which has turned out to be a game-changer and makes the total cost of ownership neutral for customers

Wanted: Skilled, blue-collar job seekers at electric two-wheeler firms

For every one experienced candidate being recruited by e-two wheeler companies, 10 have no prior experience; recruitments are for skilled, low-end jobs, not for managerial or supervisory roles