Bajaj Auto will launch India’s first ever CNG-powered motorcycle on June 18, 2024. Rajiv Bajaj, Managing Director of Bajaj Auto, announced the launch date earlier today during the launch event of Pulsar NS400Z. With The two-wheeler maker plans to disrupt the entry-level motorcycle market with the CNG bike. The bi-fuel motorcycles, priced at a premium, … Read more
Two-wheeler major Hero Motocorp on Sunday said it has opened an assembly facility in Nepal in partnership with its distributor CG Motors. The facility will have a capacity of 75,000 units per annum and will bring new investments and create job opportunities in the region, Hero MotoCorp said in a statement. Four products – – … Read more
Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. “I would pin that in the first half (of fiscal 2025),” Dinesh Thapar, Bajaj Auto’s financial chief, said in a post-earnings call when asked about the goal’s trajectory. “Consider … Read more
New Delhi: Distribution and finance options across the small towns and cities of India are likely to determine the outcome of a fierce battle about to break out between legacy and new-age OEMs in the electric scooter segment. The battle is in the making after Ather Energy announced the launch of Rizta, a family scooter, … Read more
Bajaj Auto, the third-largest motorcycle maker by sales, said it will disrupt the entry level domestic motorcycle market with the launch of the world’s first compressed natural gas (CNG)-run motorcycle, which it claims will halve the monthly fuel expense. Bajaj Auto is hoping this will shake up market leader Hero MotoCorp’s dominance in the entry-level … Read more
Two-wheeler maker Hero MotoCorp has received tax demand notice from the Income Tax Department for Rs 308.65 crore and interest thereon for Rs 296.22 crore for six assessment years, the company said in a stock exchange filing on Thursday. The assessment orders and demand notices are for six assessment years including FY14, FY15, FY16, FY17, … Read more
Car sales in the local market in the last financial year grew by nearly 9% to a record 4.23 million units amid improved supplies and sustained customer demand, cementing India’s position as the third largest market for passenger vehicles in the world. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to … Read more
Motorcycle and scooter sales in India likely grew in double-digits in the financial year 2023-24, crossing pre-Covid levels, buoyed by sustained revival in demand in both urban and rural markets. Industry estimates show domestic two-wheeler sales rose about 13% to 18.4-18.5 million units in FY24. Petrol-powered models comprised more than 95% of the total sales … Read more
Not only is the count of women CXOs negligible (less than 3%) across India’s top 11 automobile companies, but their salaries are also 11% lower than male counterparts, according to a Deloitte study exclusively shared with ET. These 11 automakers command more than 85% market share in the passenger vehicle, commercial vehicle and two-wheeler segments, … Read more
The electric two-wheeler (E2W) market in India saw a significant surge in registrations during February 2024, indicating a robust 24% year-on-year growth in high-speed scooters. According to data sourced from Vahan, this surge reflects the growing traction of electric vehicles in the country, with key players making strides in this evolving sector. In February, registrations … Read more
