Hero MotoCorp gets Rs 456 cr GST demand notice

Hero MotoCorp gets Rs 456 cr GST demand notice

Hero MotoCorp on Tuesday said it has received a GST demand of Rs 456 crore from the Rajasthan authorities. The company has received an order from the Additional Commissioner, Central Goods and Services Tax, Alwar, Rajasthan, imposing a penalty of Rs 456.06 crore under Section 74 of the Central Goods and Service Tax Act, 2017, … Read more

Motorcycle industry sales below expectations so far this festive season: Bajaj Auto

Motorcycle industry sales below expectations so far this festive season: Bajaj Auto

Motorcycle sales in the ongoing festive season so far are below expectations as demand is muted and the industry will be lucky if it sees 3-5 per cent growth compared to last year, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. While there are still about 15 more days to go for the festive … Read more

Two-wheeler industry expects robust growth in upcoming festive season: TVS

Two-wheeler industry expects robust growth in upcoming festive season: TVS

The two-wheeler industry is expected to witness robust sales in the upcoming festive season, riding on the back of strong revival in rural demand and bountiful monsoon so far, according to TVS Motor Company Senior Vice President – Head Commuter Business Aniruddha Haldar. In an interaction with PTI, he noted that the growth in the … Read more

Uptick in rural demand to propel two-wheeler industry: TVS Motor chief

Uptick in rural demand to propel two-wheeler industry: TVS Motor chief

New Delhi: The domestic two-wheeler segment will continue on growth path in the current fiscal on the back of factors like normal rainfall and uptick in rural demand, according to TVS Motor Chairman Ralf Speth. Speaking at the company’s annual general meeting (AGM), he noted that in partnership with BMW Motorrad, TVS will be working … Read more

Hero MotoCorp: Expect two-wheeler industry to see double-digit revenue growth next fiscal, says Hero MotoCorp CEO

Hero MotoCorp: Expect two-wheeler industry to see double-digit revenue growth next fiscal, says Hero MotoCorp CEO

The domestic two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta. The country’s largest two-wheeler maker, which reported a total income of Rs 10,031 crore in the October-December quarter this fiscal, also expects the entry … Read more