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
Sales of cars, sedans and utility vehicles in the local market increased in healthy double-digits to their best-ever level for the month of February at 373,177 units on back of better supplies and sustained consumer demand. As per industry estimates this is an increase of 11.3% over 335,324 units sold in the same period last … Read more
After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more
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
ET Intelligence Group: The stock of Hero MotoCorp has lost nearly 3% in the three trading sessions since Friday when it declared its third-quarter results, following profit-booking and concerns over losses in the electric vehicle (EV) segment. However, factors such as incremental volume from the premium bike segment, strong product lineup, and improving demand for … Read more
“Aurobindo, I think they have got into some issues with one of their major plants now. I was just listening to them saying that it will be resolved in two-three months,” says Sandip Sabharwal, asksandipsabharwal.com.Let us begin by talking some of these pharma names itself. If you track Aurobindo Pharma or Divi’s Lab closely, either … Read more
Brokerage firm JPMorgan maintained an underweight rating on Tata Elxsi, Jefferies recommended a hold rating on Oberoi Realty, CLSA has an outperform rating on Hero MotoCorp and Morgan Stanley maintained an overweight rating on Axis Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Tata … Read more
Hero MotoCorp, one of the leading two-wheeler manufacturers globally, today launched its most powerful motorcycle to date, the Mavrick 440. This new addition marks Hero MotoCorp’s entry into the highly competitive mid-capacity segment of the Indian market. Currently, the segment is dominated by Royal Enfield, a Chennai-based manufacturer, but other bike makers like Triumph Speed … Read more
Hero Motocorp launched the new Xtreme 125R in India on January 23 at a starting price of Rs 95,000 (for the IBS variant, ex-showroom, Delhi). The ABS one is priced at Rs 99,500. The Xtreme 125R will be available in three colours – Cobalt Blue, Firestorm Red, and Stallion Black, the company said. “It is … Read more
New Delhi, Hero MotoCorp on Monday said it will set up a facility for assembling products in Nepal in partnership with CG Motors, its newly appointed distributor in the country. The facility will be located in Nawalpur district and have a capacity of 75,000 units per annum, the country’s largest two-wheeler maker said in a … Read more
