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India sold more 2-wheelers than China in 2023 as rural consumption surges Driven by the surge in rural consumption, India sold more two-wheelers than China in 2023, as entry level two-wheeler manufacturers in the country already have their reach to rural areas of the country. As per data by the Society of Indian Automobile Manufacturers (SIAM), 16.6 million units of two-wheelers were sold in China in 2023, while total two-wheelers registered in India in CY 2023 were 17.10 million (as per Vahan database for CY 2023), informed the government. The production-lin...
India sold more 2-wheelers than China in 2023 as rural consumption surges
India sold more 2-wheelers than China in 2023 as rural consumption surges
Source: IANS
2024-12-04 09:48:50 am
Demand from 2-wheeler OEMs in India to show double-digit growth in FY25 The demand from two-wheeler original equipment manufacturers (OEMs) in India is expected to show double-digit growth this fiscal (FY25), a report showed on Tuesday.   The operating profitability of auto component makers should sustain at 12-13 per cent this fiscal and the next due to better realisations and cost reduction initiatives, said a Crisil Ratings report. Capital spending is expected to rise, aligning with the trend seen in the automobile OEM sector, where passenger vehicl...
Demand from 2-wheeler OEMs in India to show double-digit growth in FY25
Demand from 2-wheeler OEMs in India to show double-digit growth in FY25
Source: IANS
2024-12-03 04:23:48 pm
Electric two-wheeler sales grew 85 per cent in October  Festive season turned out to be an electrifying month for EV two-wheeler manufacturers as retail sales of Electric two-wheelers increased 85 per cent on a YoY (Year on Year) basis to 1,39,031 units in October 2024.  Last year this figure was 75,164 units. The increasing sales of EV vehicles show that the trend is now gradually shifting from petrol vehicles to electric vehicles. A total of 9,54,164 electric two-wheelers were sold in the first 10 months of the calendar year ...
Electric two-wheeler sales grew 85 per cent in October
Electric two-wheeler sales grew 85 per cent in October
Source: IANS
2024-11-03 02:14:20 pm
Indian 2-wheeler industry sees 22 pc growth in September, as rural consumption rises Driven by rising rural consumption, the two-wheeler (2W) industry in India saw 22 per cent growth (year-on-year) in the month of September, according to a report on Thursday.  Three-wheelers (3W) saw eight per cent growth while tractors witnessed three per cent, as per the report by BNP Paribas India. While retail demand appears mixed, original equipment manufacturers (OEMs) are hopeful of a strong festive season demand. Tractor sales continue to show steady growth YoY, and with...
Indian 2-wheeler industry sees 22 pc growth in September, as rural consumption rises
Indian 2-wheeler industry sees 22 pc growth in September, as rural consumption rises
Source: IANS
2024-10-03 04:17:33 pm
Indian electric two wheeler-maker Ather Energy files for $370 million IPO Indian electric two-wheeler maker Ather Energy has filed for a 45 billion rupee ($536.2 million) IPO at a valuation of $2.5 billion, a source said on Monday, seeking to tap a red-hot stock market weeks after bigger rival Ola Electric went public. Hero MotoCorp-backed Ather is India's fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather is sellin...
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Source: Reuters
2024-09-09 12:54:41 pm
India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycle reached 24,37,138 units in July, the Society of Indian Automobile Manufacturers (SIAM) data showed on Wednesday.  Passenger vehicles sales were 3,41,510, three-wheeler sales were 59,073 units and two-wheeler sales reached 14,41,694 units. Two-wheeler segment posted a decent growth of 12.5 per cent in July compared to the same month last year. “The above average rainfall coupled with up...
India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth
India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth
Source: IANS
2024-08-14 01:58:34 pm
Two-wheeler industry expected to sustain steady volume growth this fiscal: CareEdge Ratings CareEdge Ratings in its latest report has said that the two-wheeler industry is expected to sustain a steady volume growth this fiscal driven by improved domestic sales and good traction in executive and premium segment motorcycles. According to report, post-Covid, sales volume of two-wheelers had consistently declined during FY20, FY21 and FY22 before starting to recover from FY23, with sales momentum continuing in FY24 as well. In FY23, the Indian two-wheeler industry recorded sales of 1...
Two-wheeler industry expected to sustain steady volume growth this fiscal: CareEdge Ratings
Two-wheeler industry expected to sustain steady volume growth this fiscal: CareEdge Ratings
Source: Accord Fintech
2024-07-09 10:58:49 am
India`s auto sector cruises in top gear as higher demand drives up sales India?s auto sector is cruising in top gear in the current financial year with leading players notching up higher sales of cars, two-wheelers and commercial vehicles driven by higher demand in a growing economy.The launch of new models, especially in the SUV segment has driven up the sales of passenger vehicles, while two-wheeler sales have surged on the back of higher rural incomes, according to auto sector executives.The demand for commercial vehicles has also increased, reflecting the high...
India`s auto sector cruises in top gear as higher demand drives up sales
India`s auto sector cruises in top gear as higher demand drives up sales
Source: IANS
2024-07-02 02:02:51 pm
Ola Electric posts 107 pc growth in June EV 2-wheeler registrations Bhavish Aggarwal-led Ola Electric on Monday announced that it has posted a growth of 107 per cent (Year-on-Year) in June 2024 Electric Vehicle (EV) two-wheeler registrations as compared to the corresponding month in 2023.   According to the government's VAHAN Portal, the company recorded 36,716 registrations during the month. It also recorded a 57 per cent growth in the first quarter (Q1) of FY25 over Q1 FY24 and witnessed over 1.08 lakh registrations in the quarter ended June ...
Ola Electric posts 107 pc growth in June EV 2-wheeler registrations
Ola Electric posts 107 pc growth in June EV 2-wheeler registrations
Source: IANS
2024-07-02 09:29:44 am
Ola Electric logs 49 per cent share in electric 2-wheeler market in May Ola Electric, on Saturday, said that it has captured 49 per cent market share in the electric two-wheeler (2W) segment in May, with 37,191 registrations (as per government’s Vahan portal) riding on its S1 scooter portfolio. The deliveries of the S1 X range of mass-market scooters began last month. “We continue to lead India’s EV transition efforts in the 2W segment with a leading 49 per cent share in the market and a steady growth in our registrations,” said Ansh...
Ola Electric logs 49 per cent share in electric 2-wheeler market in May
Ola Electric logs 49 per cent share in electric 2-wheeler market in May
Source: IANS
2024-06-01 01:47:50 pm
Indian companies should make electric 2-wheelers for global market: Amitabh Kant The future is electric in India which has seen a meteoric rise in EV adoption and homegrown companies should now aim to make electric two-wheelers for the global market, the G20 sherpa and former NITI Aayog CEO, Amitabh Kant, said on Saturday. Speaking at Ather Energy’s community day event here, Kant said that India is already the biggest exporter of two-wheelers in the world. “Now is the time for Indian EV companies like Ather to not only make 2 two-wheelers for the domesti...
Indian companies should make electric 2-wheelers for global market: Amitabh Kant
Indian companies should make electric 2-wheelers for global market: Amitabh Kant
Source: IANS
2024-04-06 04:40:39 pm
Bajaj Auto surges on reporting 25% rise in March sales Bajaj Auto is currently trading at Rs. 9188.05, up by 147.00 points or 1.63% from its previous closing of Rs. 9041.05 on the BSE. The scrip opened at Rs. 9144.45 and has touched a high and low of Rs. 9245.00 and Rs. 9144.00 respectively. So far 5857 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9284.65 on 27-Mar-2024 and a 52 week low of Rs. 3890.30 on 03-Apr-2023. Last one week high and low of the scrip stoo...
Bajaj Auto surges on reporting 25% rise in March sales
Bajaj Auto surges on reporting 25% rise in March sales
Source: Accord Fintech
2024-04-02 10:22:15 am
TVS Motor Company rises as its arm completes further acquisition in Killwatt GmbH TVS Motor Company is currently trading at Rs. 2053.05, up by 19.00 points or 0.93% from its previous closing of Rs. 2034.05 on the BSE. The scrip opened at Rs. 2084.40 and has touched a high and low of Rs. 2085.55 and Rs. 2040.60 respectively. So far 4742 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1022.60 on 29-Mar-2023. Last one week high and low of the scrip...
TVS Motor Company rises as its arm completes further acquisition in Killwatt GmbH
TVS Motor Company rises as its arm completes further acquisition in Killwatt GmbH
Source: Accord Fintech
2024-03-21 10:15:02 am
TVS Motor Company trades higher on the BSE TVS Motor Company is currently trading at Rs. 2277.30, up by 17.25 points or 0.76% from its previous closing of Rs. 2260.05 on the BSE. The scrip opened at Rs. 2292.65 and has touched a high and low of Rs. 2303.00 and Rs. 2256.25 respectively. So far 10228 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1019.90 on 20-Mar-2023. Last one week high and low of the scri...
TVS Motor Company trades higher on the BSE
TVS Motor Company trades higher on the BSE
Source: Accord Fintech
2024-03-11 12:24:44 pm
Wardwizard Innovations catches speed on logging 112% rise in electric two-wheelers sales in February Wardwizard Innovations & Mobility is currently trading at Rs. 68.60, up by 1.80 points or 2.69% from its previous closing of Rs. 66.80 on the BSE. The scrip opened at Rs. 69.00 and has touched a high and low of Rs. 69.60 and Rs. 66.99 respectively. So far 754945 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.50 on 15-Jan-2024 and a 52 week low of Rs. 33.21 on 13-Jul-2023. Last one week high and low of th...
Wardwizard Innovations catches speed on logging 112% rise in electric two-wheelers sales in February
Wardwizard Innovations catches speed on logging 112% rise in electric two-wheelers sales in February
Source: Accord Fintech
2024-03-07 01:52:41 pm
Passenger vehicles, two-wheelers maintain positive run  Auto sales maintained the trends, with passenger vehicles and two-wheelers maintaining a positive run, whereas commercial vehicles and tractor segment sales momentum continued to be weak, Kotak Institutional Equities said in a report. Passenger vehicle segment volumes witnessed a low double-digit improvement yoy in February 2024. Domestic 2W wholesale volumes witnessed more than 20 per cent YoY growth, driven by a recovery in the rural segment, which came in marginally above expectat...
Passenger vehicles, two-wheelers maintain positive run
Passenger vehicles, two-wheelers maintain positive run
Source: Ians
2024-03-04 01:41:27 pm
Sharp acceleration in disruptive forces likely across sectors, including two-wheelers, IT services A sharp acceleration in disruptive forces is expected in the near term across sectors such as two-wheelers, commodity chemicals and IT services. Consumer-facing businesses are likely to face gradual challenges to their business models in the medium term, Kotak Institutional Equities said in a report. The market has largely remained oblivious to such risks, enamored by short-term factors of higher profitability (automobiles) or likely recovery in revenues (IT services), the report said. ...
Sharp acceleration in disruptive forces likely across sectors, including two-wheelers, IT services
Sharp acceleration in disruptive forces likely across sectors, including two-wheelers, IT services
Source: IANS
2024-03-01 03:47:25 pm
Eicher Motors gains as its motorcycle division reports 6% rise in February sales Eicher Motors is currently trading at Rs. 3855.75, up by 62.75 points or 1.65% from its previous closing of Rs. 3793.00 on the BSE. The scrip opened at Rs. 3799.45 and has touched a high and low of Rs. 3856.00 and Rs. 3778.00 respectively. So far 7168 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4201.70 on 04-Dec-2023 and a 52 week low of Rs. 2835.95 on 28-Mar-2023. Last one week high and low of the scrip sto...
Eicher Motors gains as its motorcycle division reports 6% rise in February sales
Eicher Motors gains as its motorcycle division reports 6% rise in February sales
Source: Accord Fintech
2024-03-01 11:41:09 am
Double-digit growth estimated in two-wheelers for Febuary Strong double-digit year on year growth in February 2024 is likely for two-wheeler wholesale volumes due to good demand with retails up 10 per cent and a favourable base, Anand Rathi Research said in a note. Passenger vehicle volumes are likely to have grown at a healthy pace led by positive retail trends with retails up 4 per cent and inventory build. Commercial vehicles, though, are likely to have slid in single digits due to weak LCV volumes and a high base. Tractors are likely to ha...
Double-digit growth estimated in two-wheelers for Febuary
Double-digit growth estimated in two-wheelers for Febuary
Source: IANS
2024-02-29 03:16:59 pm
Wardwizard Innovations jumps on crossing 100,000 electric two-wheeler sales in India Wardwizard Innovations & Mobility is currently trading at Rs. 76.36, up by 2.24 points or 3.02% from its previous closing of Rs. 74.12 on the BSE. The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 77.65 and Rs. 74.85 respectively. So far 1651844 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.50 on 15-Jan-2024 and a 52 week low of Rs. 33.21 on 13-Jul-2023. Last one week high and low of t...
Wardwizard Innovations jumps on crossing 100,000 electric two-wheeler sales in India
Wardwizard Innovations jumps on crossing 100,000 electric two-wheeler sales in India
Source: Accord Fintech
2024-02-21 12:07:14 pm
Wardwizard Innovations shines on reporting 146% rise in electric two-wheelers sales during January Wardwizard Innovations & Mobility is currently trading at Rs. 74.30, up by 1.79 points or 2.47% from its previous closing of Rs. 72.51 on the BSE. The scrip opened at Rs. 71.50 and has touched a high and low of Rs. 74.90 and Rs. 68.20 respectively. So far 1300852 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.50 on 15-Jan-2024 and a 52 week low of Rs. 33.21 on 13-Jul-2023. Last one week high and low of t...
Wardwizard Innovations shines on reporting 146% rise in electric two-wheelers sales during January
Wardwizard Innovations shines on reporting 146% rise in electric two-wheelers sales during January
Source: Accord Fintech
2024-02-14 12:13:36 pm
Hero MotoCorp inches up on BSE Hero MotoCorp is currently trading at Rs. 4745.05, up by 1.50 points or 0.03% from its previous closing of Rs. 4743.55 on the BSE. The scrip opened at Rs. 4743.45 and has touched a high and low of Rs. 4762.00 and Rs. 4668.05 respectively. So far 2360 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4979.95 on 12-Feb-2024 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip stoo...
Hero MotoCorp inches up on BSE
Hero MotoCorp inches up on BSE
Source: Accord Fintech
2024-02-14 10:06:36 am
India`s Eicher expects Royal Enfield motorcycle exports to pick up after two-year slump India's Eicher Motors said on Tuesday that it expects international sales of its Royal Enfield motorcycles to pick up in the next two to three quarters after struggling with exports for nearly two years. Strong domestic sales of Royal Enfield, a premium-priced motorcycle, helped Eicher post a bigger-than-expected 12.3% jump in revenue to 41.79 billion rupees ($504 million) for the October-December quarter. However, Royal Enfield exports, as a share of total sales, were just 6.4% in ...
India`s Eicher expects Royal Enfield motorcycle exports to pick up after two-year slump
India`s Eicher expects Royal Enfield motorcycle exports to pick up after two-year slump
Source: Reuters
2024-02-14 09:19:32 am
Electric 2-wheeler sales up 17% in India as electrification improves  Electric two-wheeler (E2W) sales volume in India rose 17 per cent year-on-year in December as electrification improved after a recent hiatus, a report showed on Wednesday. In the E2W space, Ola Electric (Ola) remained the market leader by volume and gained market share, reaching 40 per cent. Ola gained the most market share, followed by Bajaj Auto while TVS Motor lost the most, according to BNP Paribas India EV report. “Improvement in Ola’s market share was largely ...
Electric 2-wheeler sales up 17% in India as electrification improves
Electric 2-wheeler sales up 17% in India as electrification improves
Source: IANS
2024-01-03 02:18:39 pm
Valuations of two wheeler listed companies remain expensive, says brokerage  Domestic two wheeler companies valuations trade significantly above the long-term average multiples, says a report by Kotak Institutional Equities. “Hero MotoCorp, Bajaj Auto and TVS Motors are trading 1 STD above the long-term price-to-earnings multiple. We believe these multiples are expensive as (1) re-rating in multiples for the companies are not commensurate with the long-term growth prospects of the domestic industry, given high penetration levels and (2) pick-up in elect...
Valuations of two wheeler listed companies remain expensive, says brokerage
Valuations of two wheeler listed companies remain expensive, says brokerage
Source: IANS
2023-12-08 12:46:49 pm
Indian auto dealers` body forecasts strong festive season after September sales jump India's retail vehicle sales rose 20% in September, a dealers' body said on Monday as it forecast a strong festive season, with easing monsoon worries and higher rural demand helping sentiment.With a 42-day festive season just around the corner, the Federation of Automobile Dealers Association (FADA) also said it shifted its stance from 'cautiously optimistic' to 'optimistic'.India's festive season usually sees strong retail purchases, which FADA hopes will ease inventory buildup.It added tha...
Indian auto dealers` body forecasts strong festive season after September sales jump
Indian auto dealers` body forecasts strong festive season after September sales jump
Source: Reuters
2023-10-09 12:07:14 pm
Credit Wise Capital enters into a co-lending partnership with HDFC Bank for two-wheeler loans Credit Wise Capital (CWC), a tech-driven non-banking financial company (NBFC) renowned for its expertise in two-wheeler financing, has announced a strategic co-lending partnership with HDFC Bank, India?s leading private sector bank to offer two-wheeler loans in tier 2, 3, and 4 towns of the country.The partnership combines the strengths of HDFC Bank's expertise to offer credit facility to the unserved or underserved sectors of the economy and Credit Wise Capital's strong and easy loan process...
Credit Wise Capital enters into a co-lending partnership with HDFC Bank for two-wheeler loans
Credit Wise Capital enters into a co-lending partnership with HDFC Bank for two-wheeler loans
Source: PR Agency
2023-09-14 03:21:17pm