News

Harley-Davidson, Triumph in first gear of challenge to Royal Enfield`s India reign U.S. big-bike maker Harley-Davidson and British rival Triumph have revved up India's premium motorcycle market with aggressively priced models that analysts said could dent the over half-century dominance of local champion Royal Enfield. The duo surprised the industry this month by unveiling their cheapest models globally in the largest motorbike market by sales, where their expensive imports have long struggled for market share. This time, they are making the bikes in India with domes...
Harley-Davidson, Triumph in first gear of challenge to Royal Enfield`s India reign
Harley-Davidson, Triumph in first gear of challenge to Royal Enfield`s India reign
Source: IANS
23/07/2023 4:53:11 PM
Bajaj Auto launches India-made Triumph bikes, shares jump to record high  India's Bajaj Auto launched two locally-made Triumph motorcycles on Wednesday, two days after Hero MotoCorp unveiled a locally-made Harley model and adding to the competition in the premium space dominated by Eicher Motors' Royal Enfield. The launch of the two models, made in partnership with UK's Triumph Motorcycles, sent Bajaj Auto shares to a record high of 4,900 rupees. The Triumph Speed 400 will be priced at 233,000 rupees ($2,834), Bajaj Auto said, but did not di...
Bajaj Auto launches India-made Triumph bikes, shares jump to record high
Bajaj Auto launches India-made Triumph bikes, shares jump to record high
Source: Reuters
5/07/2023 4:20:37 PM
India clocks robust SUV sales in May, two-wheeler volumes rise Indian automakers reported robust sales of sport utility vehicles (SUVs) in May on steady demand and saw an uptick in two-wheeler sales on the back of the wedding season and replacement of old bikes and scooters. Mahindra and Mahindra, the country's top SUV maker by market share, reported a 23.5% jump in SUV sales, while sales of the larger and pricier vehicles at Maruti Suzuki, the top carmaker by volumes, grew around 65%. Sales of SUVs propelled India's passenger vehicle (PV) ...
India clocks robust SUV sales in May, two-wheeler volumes rise
India clocks robust SUV sales in May, two-wheeler volumes rise
Source: Reuters
1/06/2023 5:33:53 PM
India's Eicher Motors beats Q4 profit view as demand for two-wheelers spike BENGALURU - India's Eicher Motors, the maker of Royal Enfield motorcycles, posted a bigger-than-expected 48% jump in fourth-quarter profit on Thursday, helped by higher sales as demand for two-wheelers picked up. The company's consolidated net profit rose to 9.06 billion rupees ($111 million) in the quarter ended March 31, from 6.10 billion rupees a year earlier. Analysts, on average, had expected a profit of 7.96 billion rupees, according to Refinitiv data. Since the st...
India's Eicher Motors beats Q4 profit view as demand for two-wheelers spike
India's Eicher Motors beats Q4 profit view as demand for two-wheelers spike
Source: Reuters
11/05/2023 6:50:42 PM
Indian automakers post lacklustre April commercial vehicles sales growth India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season and pre-buying last month ahead of the implementation of tighter fuel emission norms. The norms, implemented on April 1, require automakers to fit vehicles with a device to check emissions, leading to extra costs. Maruti Suzuki India Ltd, Hero MotoCorp Ltd and Tata Motors Ltd have hiked prices to cushion the impact of the additional expenses. Analysts said...
Indian automakers post lacklustre April commercial vehicles sales growth
Indian automakers post lacklustre April commercial vehicles sales growth
Source: Reuters
2/05/2023 3:38:13 PM
India`s Eicher Motors to invest in Spanish EV firm Stark Eicher Motors Ltd will buy a nearly 10.35% stake in Spanish electric motorcycle maker Stark Future SL for 50 million euros ($53.22 million), it said on Thursday, the latest such investment by an Indian company amid rising demand for EVs. The parent of Royal Enfield will nominate a director to the board of Stark, which currently does not have a facility in India. "This investment will pave the way for a long term partnership in collaborative research and development in electric moto...
India`s Eicher Motors to invest in Spanish EV firm Stark
India`s Eicher Motors to invest in Spanish EV firm Stark
Source: Reuters
30/12/2022 9:28:43 AM
L&T Finance offers attractive two-wheeler loans/financing schemes on Royal Enfield motorcycles Key Highlights: * No hypothecation, hassle free two-wheeler loan * Attractive rate of interest, one of the lowest in the industry * Quick Loan Approval in less than 3 minutes, Disbursal in 60 minutes * Upto 90% value of the loan can be availed with a 4-year repayment scheme Mumbai, January 10, 2022: L&T Finance, one of the leading two-wheeler financiers in India today announced the “Welcome 2022” loan for customers aspiring to buy Royal Enfield motorcycles. The ...
L&T Finance offers attractive two-wheeler loans/financing schemes on Royal Enfield motorcycles
L&T Finance offers attractive two-wheeler loans/financing schemes on Royal Enfield motorcycles
Source: PR Agency
10/01/2022 3:40:23 PM
Key News - Greaves Electric Mobility, NTPC Ltd, Royal Enfield, Reliance Industries Ltd, Oil and Natural Gas Corporation Ltd, FMCG By ARETE Securities Key News Greaves Electric Mobility sells over 10,000 units in December 2021 Greaves Cotton's e-mobility arm Greaves Electric Mobility on Sunday said it sold over 10,000 units in December 2021, with the e-three-wheelers clocking a 101 per cent growth in sales a year ago. Greaves Electric Mobility strengthens its position as a market leader in both E-2W and E-3W segments, with Ampere reporting a record almost 6X growth in revenue in December 2021 compared to the same month last year a...
Key News - Greaves Electric Mobility, NTPC Ltd, Royal Enfield, Reliance Industries Ltd, Oil and Natural Gas Corporation Ltd, FMCG By ARETE Securities
Key News - Greaves Electric Mobility, NTPC Ltd, Royal Enfield, Reliance Industries Ltd, Oil and Natural Gas Corporation Ltd, FMCG By ARETE Securities
Source: ARETE Securities Ltd
3/01/2022 10:01:41 AM
B Govindarajan to lead Royal Enfield as Vinod Dasari quits Vinod K. Dasari has resigned as the CEO of Royal Enfield and the Executive Director on the board of Eicher Motors with effect from Friday, August 13. B. Govindarajan will take on the responsibility of leading Royal Enfield. Effective August 18, he will be inducted as a Wholetime Director on the Board of Eicher Motors Ltd and will take on as Executive Director - Royal Enfield. Govind has been the Chief Operating Officer at Royal Enfield since 2013. In a regulatory filing, Eicher Motors s...
B Govindarajan to lead Royal Enfield as Vinod Dasari quits
B Govindarajan to lead Royal Enfield as Vinod Dasari quits
Source: IANS
13/08/2021 9:42:59 AM
India`s Royal Enfield to shut manufacturing plants for three days CHENNAI  -Eicher Motors Ltd-owned Royal Enfield will shut its three south Indian manufacturing plants for three days to ensure safety amid rising COVID-19 cases, according to an internal note seen by Reuters and two sources. Royal Enfield - an famous brand in India, the world's biggest motorbike market, will shut its three manufacturing plants from May 27 to May 29, the internal note to workers said. "We will resume operation from Monday, 31st May," the internal note ...
India`s Royal Enfield to shut manufacturing plants for three days
India`s Royal Enfield to shut manufacturing plants for three days
Source: Reuters
26/05/2021 5:36:57 PM
RE aims to become a USD5b global company By Vinod K Dasari, Royal Enfield, Motilal Oswal Below are Views On RE aims to become a USD5b global company By Mr. Vinod K. Dasari, CEO, Royal Enfield, Motilal Oswal Financial Services Ltd  RE aims to become a USD5b global company Strong product pipeline over the next 5-7 years and exports to drive growth RE banks on strong brand equity, new product launches, and exports for growth * RE aims to become a USD5b global company. The management has a clear focus on cruiser biking in both the domestic and export market...
RE aims to become a USD5b global company By Vinod K Dasari, Royal Enfield, Motilal Oswal
RE aims to become a USD5b global company By Vinod K Dasari, Royal Enfield, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/03/2021 1:55:34 PM
Royal Enfield Launches The New Himalayan ROYAL ENFIELD LAUNCHES THE NEW HIMALAYAN GETS TRIPPER NAV, FUNCTIONAL UPGRADES, AND THREE NEW COLOURWAYS AND NOW AVAILABLE ON MiY   * The new Royal Enfield Himalayan launched in India, Europe and the UK * Three new colourways - Mirage Silver, Pine Green and New Granite Black * Now Available via Make-It-Yours,  the new Himalayan gets the Royal Enfield Tripper and a host of upgrades making it even more capable * New Himalayan to be available in India for bookings and ...
Royal Enfield Launches The New Himalayan
Royal Enfield Launches The New Himalayan
Source: PR Agency
11/02/2021 5:03:25 PM