New Delhi: Hero MotoCorp on Tuesday said its wholesales increased 19 per cent year-on-year to 6,37,050 units in September. The two-wheeler major had dispatched 5,36,499 units to dealers in September 2023. The company said its domestic sales rose to 6,16,706 units last month from 5,19,789 units in the year-ago period. Exports rose to 20,344 units … Read more
Mumbai: The festive season will be crucial for India’s top two two-wheeler makers as the duo, accounting for more than half of the market, plan to intensify their slugfest and go all out to chase volumes and market share with aggressive promotional schemes in the world’s largest market. Hero MotoCorp aims to retail 1.5 million … Read more
The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein. The report noted that generating sufficient margins and scaling up in the EV space is difficult, even … Read more
India has a large and growing electric two-wheeler (E2W) market but it exports less than 2% of its E2Ws. Recently, Union Transport Minister Nitin Gadkari remarked that India, the second largest EV market in the world, has potential of becoming the top exporter of E2Ws, thanks to the country’s presence in foreign markets where it … Read more
Indian Railway Finance Corporation Share Price 158.56 04:00 PM | 18 Sep 2024 -2.04(-1.28%) One97 Communications Share Price 671.45 03:59 PM | 18 Sep 2024 7.06(1.07%) YES Bank Share Price 23.32 04:00 PM | 18 Sep 2024 -0.08(-0.35%) ITC Share Price 507.35 04:12 PM | 18 Sep 2024 -0.4(-0.08%) HDFC Bank Share Price 1694.8 04:08 … Read more
The Federation of Automobile Dealers Associations (FADA) on Wednesday announced the appointment of C S Vigneshwar as its President for 2024-26 period. The decision was taken at the 315th Governing Council Meeting, held immediately after the 60th annual general meeting, FADA said in a statement. Vigneshwar is the Managing Director of Anaamalais Toyota based out … Read more
The slowdown in rural demand for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly ‘80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop … Read more
“So, if we just have to come down to a number on Nifty, then yes 25,100 will now be that number that I will be watching out for on the downside as an important support and till this zone is held. Upside up to 25,430, 25,500 cannot be ruled out in the next few sessions,” … Read more
Hero MotoCorp, a manufacturer of motorcycles and scooters, sold 512,360 units of motorcycles and scooters in August 2024, the company informed the exchange in a filing. According to the company’s statement, the domestic sales of the company for the month stood at 492,263 units. The company also mentioned that the month’s sales were marginally impacted … Read more
Hero MotoCorp has elevated its Chief Business Officer for global business, Sanjay Bhan to the role of Executive Vice President with effect from September 1. Bhan, in his expanded capacity, will also lead the Global Product Planning (GPP) portfolio along with the newly established Global Market Insights function, Hero MotoCorp said in a regulatory filing … Read more
