Bajaj Auto to set up a separate subsidiary for electric vehicles

2021-07-22 13:38:18

In a bid to participate in nascent yet highly active electric vehicle space, , the country’s largest two wheeler exporter is in the process of forming a separate wholly owned subsidiary.

The company informed Bombay Stock Exchange stating that the board of directors have approved incorporation of a wholly owned subsidiary at the meeting held on Thursday.

“The wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space and will help the company venture

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HMSI commences deliveries of 2021 Gold Wing Tour in India

2021-07-13 15:52:33

Honda Motorcycle & Scooter India (HMSI) on Tuesday said it has commenced deliveries of its flagship model 2021 Gold Wing Tour in the country. Following all COVID-19 protocols and ensuring the safety of customers, the deliveries have commenced through the company’s exclusive premium retail outlets – Honda BigWing Topline in Gurugram (Haryana), Mumbai (Maharashtra), Bengaluru (Karnataka) and Indore (Madhya Pradesh).

“We are glad to witness an overwhelming response for the machine that has always been a

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TVS Motor launches NTORQ 125 Race XP tagged at Rs 83,275

2021-07-06 19:24:58

Company on Tuesday said it has launched 125 cc scooter NTORQ 125 Race XP priced at Rs 83,275 (ex-showroom, Delhi). The scooter comes with various features like drive modes, 10.2 hp power, voice assist, and connected technology.

“TVS NTORQ 125 has redefined the expectation from a scooter in India – it ushered in the age of the exciting, powerful, connected scooter for the always-connected Gen Z. Mindful of this, we are happy to introduce the TVS NTORQ 125

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Bajaj Auto June sales up 24% at 3,46,136 units

2021-07-01 10:21:59

on Thursday reported 24 per jump in its total sales at 3,46,136 units in June 2021. The company had sold 2,78,097 units in the same month a year ago.

Domestic sales in June this year were at 1,61,836 units as against 1,51,189 units, up 7 per cent, Bajaj Auto said in a regulatory filing.

Total motorcycle sales stood at 3,10,578 units, an increase of 22 per cent, as compared to 2,55,122 units sold in June last year.

Total

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Bajaj Auto June sales up 24% at 3,46,136 units

2021-07-01 10:21:59

on Thursday reported 24 per jump in its total sales at 3,46,136 units in June 2021. The company had sold 2,78,097 units in the same month a year ago.

Domestic sales in June this year were at 1,61,836 units as against 1,51,189 units, up 7 per cent, Bajaj Auto said in a regulatory filing.

Total motorcycle sales stood at 3,10,578 units, an increase of 22 per cent, as compared to 2,55,122 units sold in June last year.

Total

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Rural demand won’t support industry like last year: Yadvinder Singh Guleria, Honda Motorcycle

2021-06-15 13:58:51

Rural has been impacted and the recovery which rural has shown or the way it has supported the industry in the last year during the wave one of the pandemic, it may not have that similar support for the industry, said Yadvinder Singh Guleria, Director – Sales & Marketing, Honda Motorcycle & Scooter


What kind of recovery do you see for Honda and for the company’s stock?


It is too early to comment on the kind
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Why rural India may not prop up 2-wheeler demand like last year

2021-06-15 13:58:51

Rural economy has been impacted and may not be able to support the industry the way it did last year during the first Covid wave, says Yadvinder Singh Guleria, Director – Sales & Marketing, Honda Motorcycle & Scooter


What kind of recovery do you see for Honda and for the company’s stock?


It is too early to comment on the kind of shape it is going to take. I do not belong to the stock exchange and
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Bajaj Auto posts 114 per cent sales growth at 2,71,862 units in May

2021-06-01 12:46:29

on Tuesday reported 114 per cent growth in its total vehicle sales at 2,71,862 units in May compared to the same month last year.

The company had sold 1,27,128 vehicles in May last year, Bajaj Auto said in a statement.

The total domestic sales logged 52 per cent growth at 60,830 units as compared to 40,074 units sold in May 2020, while the total exports spiked 142 per cent to 2,11,032 units over 87,054 units shipped out in

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Will have greater market penetration with more personalization options: Vinod Dasari, Royal Enfield

2021-05-31 15:07:39

There is a pent-up demand that will get created because more people would not want to travel by buses or shared taxis. They would want personal mobility spaces. If we offer more options in better ability to personalise, we will have much greater penetration, said Vinod Dasari, CEO, Royal Enfield to ET NOW. Edited excerpts:

When things normalise, do you expect demand resurgence to be as strong as what we saw last year?
Well, that is still

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Aiming for 20% revenue from international markets by 2025: Vinod Dasari, Royal Enfield

2021-05-31 13:13:11

The advantage of a company like Eicher is because of our strong balance sheet, we can afford to look very long term and make sure that we continue to do things which are right for the business and that is what we are doing, said Vinod Dasari, CEO, Royal Enfield to ET Now’s Nikunj Dalmia. Edited excerpts:

What are the implications of this second wave? How is the second wave different from the first wave for Eicher

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Aiming for 20% revenue from international markets by 2025: Vinod Dasari, Royal Enfield

2021-05-31 13:13:11

The advantage of a company like Eicher is because of our strong balance sheet, we can afford to look very long term and make sure that we continue to do things which are right for the business and that is what we are doing, said Vinod Dasari, CEO, Royal Enfield to ET Now’s Nikunj Dalmia. Edited excerpts:

What are the implications of this second wave? How is the second wave different from the first wave for Eicher

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Doubling production in hydraulic brakes segment: Ramesh Gehaney, Endurance Technology

In Chennai, we have added one more plant at Vallam which was for our customers Kia Motors, Hyundai and Royal Enfield where we have been doing fully finished castings. We are also adding capacities in our north region Pantnagar, where the order book is very good, said Ramesh Gehaney, COO & ED, Endurance Technology to ET Now. Edited excerpts:

It has been quite a stellar quarter for the company, walk us through the opportunity that you are seeing from

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No issue in supply chain but dealers still closed: Ramesh Gehaney, Endurance Technology

2021-05-21 12:12:48

In Chennai, we have added one more plant at Vallam which was for our customers Kia Motors, Hyundai and Royal Enfield where we have been doing fully finished castings. We are also adding capacities in our north region Pantnagar, where the order book is very good, said Ramesh Gehaney, COO & ED, Endurance Technology to ET Now. Edited excerpts:

It has been quite a stellar quarter for the company, walk us through the opportunity that you

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Suzuki Motorcycle extends free service, warranty period till July 15

Suzuki Motorcycle extends free service, warranty period till July 15

 

Suzuki Motorcycle India on Thursday said it has extended free service and warranty period up to July 15 this year in the wake of the second wave of the coronavirus pandemic. The initiative would benefit all those customers whose free service or warranty period expires between April 1 to May 31, 2021, Suzuki Motorcycle India said in a statement.

All these customers will now get an extension up to July 15, 2021, it added.

“We do understand that in

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Top car, two-wheeler makers to resume production, but May output may be 30-40% of April figures for most

Maruti Suzuki and Hyundai Motor India, the country’s top two car makers, are set to resume production on Monday after completing maintenance shutdowns that were brought forward due to the devastating second wave of Covid-19.

With the daily caseload coming off a peak touched in the first week of May, and improved supplies of oxygen for Covid-19 patients, the automotive industry is ready to restart operations, according to vendors and original equipment manufacturers.

ETD-1-17052021

Two-wheeler makers Hero MotoCorp and Honda

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Hero MotoCorp to resume operations from May 17

The country’s largest two-wheeled maker Friday said it is gearing up towards a gradual resumption of operations by starting single shift production at three of its plants – Gurugram and Dharuhera in Haryana and at Haridwar in Uttarakhand – from Monday, May 17.

In addition to producing for the domestic market in India, these plants will also have enhanced focus on catering to the Global Business (GB) markets across the world.

“The company continues to monitor the situation closely and

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Hero MotoCorp to resume operations from May 17

The country’s largest two-wheeled maker Friday said it is gearing up towards a gradual resumption of operations by starting single shift production at three of its plants – Gurugram and Dharuhera in Haryana and at Haridwar in Uttarakhand – from Monday, May 17.

In addition to producing for the domestic market in India, these plants will also have enhanced focus on catering to the Global Business (GB) markets across the world.

“The company continues to monitor the situation closely and

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COVID impact: Royal Enfield to shut down manufacturing plants from May 13-16

2021-05-12 18:03:27

Mid-sized motorcycle maker Royal Enfield on Wednesday said it has decided to shut down its two manufacturing facilities between May 13-16 in order to safeguard its employees amid the second wave of coronavirus pandemic in the country. The company, which is a part of Eicher Motors, would utilise the shutdown to undertake maintenance activity at its manufacturing plants.

“In light of the unprecedented situation owing to the spread of COVID-19, and with an objective to prioritise

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