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Sectorial outlook for Two Wheeler industry by George Thomas, Quantum AMC Post the recent market rally, valuations have caught up across most sectors. In the current market environment, it is prudent to invest in sectors which has potential for a revival in earnings trajectory and trading around reasonable valuation. Few two-wheeler OEMs (Original Equipment Manufacturers) fit the bill. In the past few years, Two-wheeler companies witnessed a revision in emission standards creating the need to enhance the existing systems. Rapid increase in commodity costs furthe...
Sectorial outlook for Two Wheeler industry by George Thomas, Quantum AMC
Sectorial outlook for Two Wheeler industry by George Thomas, Quantum AMC
Source: PR Agency
29/08/2023 4:50:34 PM
Hero MotoCorp raises new Harley-Davidson prices in India Two-wheeler maker Hero MotoCorp on Wednesday raised prices of the new Indian Harley-Davidson motorcycle by 10,500 rupees ($127.45) days after the Harley chief executive said pre-orders of the new model exceeded the company's expectations. The Harley-Davidson X440 will be priced at 239,500 rupees ($2,905.06) and above, with the hike applicable for all its variants, Hero said in a statement. Deliveries are expected to begin by October. Harley partnered with Hero, the world's large...
Hero MotoCorp raises new Harley-Davidson prices in India
Hero MotoCorp raises new Harley-Davidson prices in India
Source: Reuters
2/08/2023 9:25:48 AM
Auto & Auto Ancillaries Q1 Preview: 2-Wheelers to drive continued healthy performance Emkay Global Financial Services has released a preview research note on the auto and ancillaries sector in Q1. Emkay Global expects the auto sector ( their coverage companies excluding Tata Motors) to report 17% YoY revenue growth in Q1FY24, led by healthy growth across segments, barring muted growth in battery companies. Two wheelers The domestic 2-Wheeler industry’s volumes likely improved by ~10% YoY in Q1, primarily on account of continued and healthy demand from the urban...
Auto & Auto Ancillaries Q1 Preview: 2-Wheelers to drive continued healthy performance
Auto & Auto Ancillaries Q1 Preview: 2-Wheelers to drive continued healthy performance
Source: Emkay Global Financial Services
11/07/2023 6:18:57 PM
Credit Wise Capital forms a co-lending partnership with Muthoot Capital for INR 400CR agreement to offer two-wheeler loans to customers Credit Wise Capital (CWC), a leading non-banking financial company (NBFC) specializing in two-wheeler financing, and Muthoot Capital, a distinguished financial institution, have announced a co-lending partnership for a significant INR 400cr investment agreement. This strategic partnership aims to provide seamless financing solutions to customers purchasing two-wheelers across India in a digital manner through Twin2 - a proprietary product of CWC that ensures a hassle-free experience for the c...
Credit Wise Capital forms a co-lending partnership with Muthoot Capital for INR 400CR agreement to offer two-wheeler loans to customers
Credit Wise Capital forms a co-lending partnership with Muthoot Capital for INR 400CR agreement to offer two-wheeler loans to customers
Source: PR Agency
20/06/2023 1:48:44 PM
TVS Motor moves up as its arm to acquire additional 25% stake in Swiss E-Mobility Group TVS Motor Company is currently trading at Rs. 1346.95, up by 9.70 points or 0.73% from its previous closing of Rs. 1337.25 on the BSE. The scrip opened at Rs. 1362.10 and has touched a high and low of Rs. 1384.55 and Rs. 1344.00 respectively. So far 50550 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,384.55 on 12-Jun-2023 and a 52 week low of Rs. 723.15 on 20-Jun-2022. Last one week high and low of the scrip...
TVS Motor moves up as its arm to acquire additional 25% stake in Swiss E-Mobility Group
TVS Motor moves up as its arm to acquire additional 25% stake in Swiss E-Mobility Group
Source: Accord Fintech
12/06/2023 10:43:20 AM
TVS Motor hikes prices of Electric Vehicle scooter by Rs 17,000 - Rs 22,000 Two and three-wheeler maker TVS Motor Company Ltd has hiked the price of its electric two-wheeler between Rs 17,000 - Rs 22,000 depending on the variant. The price hike on its electric two-wheeler iQube is effective from Thursday (June 1) following the revision in the central government's FAME II subsidy scheme. The company said it will offer a loyalty benefit programme for the customers of iQube who had made bookings till May 20 for a limited period to ease the cost burden post the...
TVS Motor hikes prices of Electric Vehicle scooter by Rs 17,000 - Rs 22,000
TVS Motor hikes prices of Electric Vehicle scooter by Rs 17,000 - Rs 22,000
Source: IANS
1/06/2023 4:40:40 PM
May 2023 auto sales preview: The recovery for 2-wheelers to continue Emkay Global Financial Services conducted a channel check to gauge the volumes’ estimate for the month of May. The channel checks indicate the recovery in the 2-wheeler space to continue as the entry/rural segment supplements the premium/urban categories on uptick in replacement demand. PVs will see an uptrend in the month of May. Overall volume growth to endure, except in CVs and Tractors.The volumes for CVs are expected to be subdued, on pre-buy in the past months. Maruti Suzuk...
May 2023 auto sales preview: The recovery for 2-wheelers to continue
May 2023 auto sales preview: The recovery for 2-wheelers to continue
Source: PR Agency
30/05/2023 3:56:00 PM
Electric-2 wheeler that charges within 12 minutes arrives in India Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy. The two companies jointly unveiled a new vehicle model called 'Bzinesslite InstaCharged by Log9' which is powered by Log9's RapidX 2000 batteries, enabling it to go zero to zip within 12 minutes. The e-2W has been designed with unique features such as great speed, ...
Electric-2 wheeler that charges within 12 minutes arrives in India
Electric-2 wheeler that charges within 12 minutes arrives in India
Source: IANS
30/05/2023 12:46:29 PM
FADA seeks cut in GST on two-wheelers from 28% to 18% The Federation of Automobile Dealers Associations (FADA) has sought a cut in Goods and Services Tax (GST) on two-wheelers from 28 per cent to 18 per cent. It strongly asserts that two-wheelers, being essential for millions, should not be categorised as sin goods or luxury items for GST taxation purposes. The industry body said it has appealed to the finance minister, chair of the GST Council, all GST Council members, the ministry of heavy industries, which supervises the automobile sector,...
FADA seeks cut in GST on two-wheelers from 28% to 18%
FADA seeks cut in GST on two-wheelers from 28% to 18%
Source: Accord Fintech
19/05/2023 11:31:55 AM
India`s March two-wheeler sales rise on festive demand, commercial vehicles pre-buying `above estimates` India's top two-wheeler manufacturers saw a rise in domestic sales in March, spurred by festive demand, while commercial vehicle sales continued to grow on pre-buying ahead of the implementation of tighter fuel emission norms. Volume growth for the final month of the fiscal year indicates healthy demand during the festive season and higher dispatches before the transition to new emission norms, analysts at Motilal Oswal said in a note. These norms, which were implemented on April 1,...
India`s March two-wheeler sales rise on festive demand, commercial vehicles pre-buying `above estimates`
India`s March two-wheeler sales rise on festive demand, commercial vehicles pre-buying `above estimates`
Source: Reuters
3/04/2023 5:39:24 PM
SUN Mobility to power 50K EV food delivery vehicles for Zomato SUN Mobility on Monday said it has entered into a collaboration with Zomato to power 50,000 electric 2-wheelers across the country over the next 24 months. The EV company, which will utilise its battery swap solutions for the last-mile deliveries, said the collaboration has been confirmed in Delhi with an initial fleet deployment. "By deploying 50,000 electric two-wheelers in Zomato's fleet, we are reducing our carbon footprint by 5,000 MT/month and contributing to a cleaner en...
SUN Mobility to power 50K EV food delivery vehicles for Zomato
SUN Mobility to power 50K EV food delivery vehicles for Zomato
Source: IANS
27/03/2023 11:38:00 AM
India's Hero MotoCorp to raise prices on select models Indian two-wheeler maker Hero MotoCorp Ltd said on Wednesday it would raise prices on select models of motorcycles and scooters by about 2% from April as it grapples with increased costs to meet new emission norms. India will be implementing Bharat Stage 6 regulations from next month that require automakers to fit their vehicles with a device to check emissions, leading to extra costs. On Tuesday, Indian automaker Tata Motors said in an exchange filing that it would increase commercial ...
India's Hero MotoCorp to raise prices on select models
India's Hero MotoCorp to raise prices on select models
Source: Reuters
22/03/2023 5:34:58 PM
Hero Electric launches 3 new 2-wheeler EVs Electric two-wheeler maker Hero Electric on Wednesday launched three new two-wheeler electric vehicles -- Optima CX5.0 (Dual Battery), Optima CX2.0 (Single Battery), and NYX (Dual Battery). Available at a starting price of Rs 85,000, the newly launched Optima CX5.0 comes in Dark Matt Blue and Matt Maroon and Optima CX.20 comes in Dark Matt Blue and Charcoal Black colour schemes, whereas, NYX comes available in Charcoal Black and Pearl White colours. "Our core philosophy has been de...
Hero Electric launches 3 new 2-wheeler EVs
Hero Electric launches 3 new 2-wheeler EVs
Source: IANS
16/03/2023 2:53:19 PM
Two-wheeler sales not matching pace of passenger vehicle, three-wheelers: SIAM The growth in two-wheeler sales is not keeping pace with the sales growth logged by passenger vehicle and three-wheeler segments, said a top official of Society of Indian Automobile Manufacturers (SIAM). Referring to the January 2023 sales data of automobile manufacturers, Vinod Aggarwal, President, SIAM said: "Better consumer sentiments is driving demand for passenger vehicles. Three-wheeler segment has gained traction compared to the past two years, though they are still to reach th...
Two-wheeler sales not matching pace of passenger vehicle, three-wheelers: SIAM
Two-wheeler sales not matching pace of passenger vehicle, three-wheelers: SIAM
Source: IANS
13/02/2023 4:24:44 PM
EV makers expect extension of FAME II, duty cuts in Budget 2023-24  Extension of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India - II (FAME II) subsidy scheme, rationalisation of GST are some of the budget wishes of the electric vehicle makers, said CARE Ratings as per its survey. According to the survey, the electric vehicle makers want the FAME II subsidy scheme to be extended beyond March 2024 and also bring the commercial vehicles under it. After the momentum witnessed in electric vehicle adoption in 2022, it...
EV makers expect extension of FAME II, duty cuts in Budget 2023-24
EV makers expect extension of FAME II, duty cuts in Budget 2023-24
Source: IANS
20/01/2023 5:32:57 PM
LML to showcase Electric Vehicle Star at AutoExpo  Two-wheeler maker LML on Monday said it will showcase its electric model 'Star' at the upcoming AutoExpo 2023 near Delhi, said a top company official. "We are ecstatic to present this engineering marvel to the world and at this auto expo we envision a future where Star is embraced by consumers as a stylish and intelligent mode of commuting around the globe. Paving our way to the e-mobility solutions we are also looking forward to sharing our insights on our global compan...
LML to showcase Electric Vehicle Star at AutoExpo
LML to showcase Electric Vehicle Star at AutoExpo
Source: Accord Fintech
2/01/2023 2:19:01 PM
Hero Electric, Jio-bp to boost 2-wheeler EV adoption, battery swapping infra In a bid to boost two-wheeler EV adoption and battery swapping infrastructure, Hero Electric is all set to partner with Jio-bp to strengthen mobility solutions for electric two-wheelers, the company announced on Thursday. The customers of Hero Electric are expected to get access to the widespread charging and swapping network of Jio-bp, which is also open to other vehicles. In addition to creating solutions for seamless customer journey on Hero Electric and Jio-bp apps, both the compani...
Hero Electric, Jio-bp to boost 2-wheeler EV adoption, battery swapping infra
Hero Electric, Jio-bp to boost 2-wheeler EV adoption, battery swapping infra
Source: IANS
25/08/2022 5:08:22 PM
Greaves Cotton zooms on exploring export opportunities for Ampere brand of electric two-wheelers Greaves Cotton is currently trading at Rs. 174.70, up by 3.05 points or 1.78% from its previous closing of Rs. 171.65 on the BSE. The scrip opened at Rs. 173.00 and has touched a high and low of Rs. 176.65 and Rs. 172.55 respectively. So far 178223 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.85 on 21-Jan-2022 and a 52 week low of Rs. 126.15 on 23-Aug-2021. Last one week high and low of the scrip stood at...
Greaves Cotton zooms on exploring export opportunities for Ampere brand of electric two-wheelers
Greaves Cotton zooms on exploring export opportunities for Ampere brand of electric two-wheelers
Source: Accord Fintech
16/08/2022 5:18:52 PM
Greaves Cotton inches up as its arm’s electric two-wheeler brand launches 50,000th electric two-wheeler Greaves Cotton is currently trading at Rs. 137.55, up by 0.10 points or 0.07% from its previous closing of Rs. 137.45 on the BSE. The scrip opened at Rs. 137.50 and has touched a high and low of Rs. 137.50 and Rs. 134.40 respectively. So far 33106 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.85 on 21-Jan-2022 and a 52 week low of Rs. 126.15 on 23-Aug-2021. Last one week high and low of the scrip stood at ...
Greaves Cotton inches up as its arm’s electric two-wheeler brand launches 50,000th electric two-wheeler
Greaves Cotton inches up as its arm’s electric two-wheeler brand launches 50,000th electric two-wheeler
Source: Accord Fintech
17/06/2022 10:08:54 AM
UAE-based META4 to invest Rs 250 cr for EV 2 wheeler plant in India The United Arab Emirates-based company META4 on Monday announced to invest Rs 250 crore to set up an electric two-wheeler manufacturing plant in Telangana. The plant will help create nearly 500 direct and 2,000 indirect jobs in the state. The Telangana government will provide 15 acres of subsidised land in the national investment and manufacturing zone at Zaheerabad, the company said in a statement. The EV 2-Wheeler unit is expected to be ready by the end of FY 2022-23. "With...
UAE-based META4 to invest Rs 250 cr for EV 2 wheeler plant in India
UAE-based META4 to invest Rs 250 cr for EV 2 wheeler plant in India
Source: IANS
13/06/2022 3:28:19 PM
Indian EV makers to soon follow BIS standards for batteries amid fires As fires and explosions in electric two-wheelers continue unabated, the government is all set to introduce EV battery standards (BIS standards) for EV two-wheelers that will be expanded to four-wheelers at a later stage. CNBC-TV18, citing sources from the consumer affairs ministry, first reported the development. The BIS standards for EV batteries will look into "size, connectors, specification and minimum quality of cells, the battery's capacity". Acknowledging an urge...
Indian EV makers to soon follow BIS standards for batteries amid fires
Indian EV makers to soon follow BIS standards for batteries amid fires
Source: IANS
7/06/2022 3:33:14 PM
FIM MiniGP World Series comes to India, races to be held in Bengaluru, Hyderabad in July-Sept In what could be a game-changer for two-wheeler racing in the country, India has been included in the FIM MiniGP World Series 2022 with a five-round competition under the aegis of the Federation of Motor Sports Clubs of India (FMSCI). The India series, comprising 10 races, will be held in Bengaluru and Hyderabad, from July to September this year, the FMSCI informed in a release on Thursday. FIM, the World governing body for two-wheeler racing, in conjunction with Dorna Sports, promoters...
FIM MiniGP World Series comes to India, races to be held in Bengaluru, Hyderabad in July-Sept
FIM MiniGP World Series comes to India, races to be held in Bengaluru, Hyderabad in July-Sept
Source: IANS
7/06/2022 3:17:39 PM
NITI Aayog releases draft battery swapping policy Niti Aayog has released a draft battery swapping policy under which all metropolitan cities with a population above 40 lakh will be prioritised for development of battery swapping network under the first phase. Further, it in its draft policy said all major cities such as state capitals, UT headquarters and cities with population above 5 lakh will be covered under the second phase, given the importance of the two-wheeler and three-wheeler vehicle segments in growing cities. It stated ...
NITI Aayog releases draft battery swapping policy
NITI Aayog releases draft battery swapping policy
Source: Accord Fintech
22/04/2022 10:09:38 AM
Hero Electric, Bolt to set up 50K EV charging stations across India Electric two-wheeler company Hero Electric on Wednesday announced that it has partnered with EV infrastructure provider Bolt to set up 50,000 charging stations in India in the next one year. As part of the collaboration, Bolt chargers will be installed in more than 750 Hero Electric's touch points across India benefitting over 4.5 lakh customers. Furthermore, around 2,000 Hero Electric riders will avail free of cost Bolt charging units set up at their homes. "We are delighted t...
Hero Electric, Bolt to set up 50K EV charging stations across India
Hero Electric, Bolt to set up 50K EV charging stations across India
Source: IANS
20/04/2022 4:48:07 PM
Demand for two-wheelers continues to be weak as compared with last year: ICRA Ratings agency ICRA in its latest survey has revealed that demand for two-wheelers continues to be weak while that for passenger and commercial vehicles remains robust as compared with last year. Automobile dealership industry has been witnessing several headwinds in the recent past, including subdued demand for two-wheelers (2W), supply constraints impacting growth of passenger vehicle (PV) sales, and high base effect limiting the growth in tractors segment. ICRA said extended work and ed...
Demand for two-wheelers continues to be weak as compared with last year: ICRA
Demand for two-wheelers continues to be weak as compared with last year: ICRA
Source: Accord Fintech
20/04/2022 12:10:59 PM
Hero MotoCorp to raise prices from April 5 Two-wheeler major Hero MotoCorp on Tuesday announced ot will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from April 5. According to the company, the upward revision has been necessitated to partially offset the impact of increasing commodity prices. "The price revision will be up to Rs 2,000 and the exact quantum of increase will be subject to specific model and the market," the company said in a statement. On Saturday, aut...
Hero MotoCorp to raise prices from April 5
Hero MotoCorp to raise prices from April 5
Source: IANS
29/03/2022 8:39:55 PM
Re-opening of offices, institutions to boost two-wheeler sales Re-opening of offices as well as educational institutions is expected to give a boost to two-wheeler sales volume on a sequential basis. Accordingly, the sequential improvement is expected to sustain in February 2022, supported by a gradual easing of the supply-side constraints, re-opening of offices and colleges, as well as relaxation in travel restrictions and the measures announced in the FY23 Union Budget. However, on a year-on-year (YoY) basis, the segments' sales were dented i...
Re-opening of offices, institutions to boost two-wheeler sales
Re-opening of offices, institutions to boost two-wheeler sales
Source: IANS
19/02/2022 1:19:45 PM
Restocking, base effect boost two-wheeler sales in March Restocking prior to the upcoming wedding season, along with the base effect and low interest rates, accelerated the year-on-year sales momentum of major two-wheeler players during March. Besides, preference for personal mobility due to the pandemic as well as healthy rural consumption led OEMs to post healthy sequential growth numbers in March. Two-wheeler major Hero MotoCorp sold 576,957 units of motorcycles and scooters in March 2021, registering a growth of 72 per cent over 334,647 u...
Restocking, base effect boost two-wheeler sales in March
Restocking, base effect boost two-wheeler sales in March
Source: IANS
3/04/2021 9:05:15 AM