JRG Automotive Industries on Monday said it has formed a strategic joint venture with Japan-based Takagi Seiko Corporation to manufacture parts for two-wheelers and four-wheelers for the domestic market at an investment of USD 15 million. The JV facility to be based at Sampla in Haryana will focus on producing automotive components, including parts for … Read more
According to the Road Accidents in India 2022 report published by the Ministry of Road Transport and Highways of India, data shows that nearly 45% of all road fatalities in India involve two-wheelers. While basic precautions like wearing a good quality helmet do go a long way in making two-wheelers safer, riders are still a … Read more
Mumbai: Auto industry body, Society of Indian Automobile Manufacturers (Siam) has written to the government requesting for a reduction in the GST on two-wheelers. It has suggested that the government adopts three range slabs of reducing the rate-from the current 28% to 18% for internal combustion engine powered two wheelers, to 5% from the current … Read more
Auto retails in the month of May dropped 5.28 per cent on a monthly basis as showrooms saw lower footfall due to prevailing heatwave, lack of new models and the now-concluded Lok Sabha elections, auto body FADA said on Monday. However, they saw a rise of 2.6 per cent on an annual basis.Sales of two-wheelers … Read more
Mumbai: Stocks belonging to sectors such as fast-moving consumer goods (FMCG), agriculture, automobiles – especially two-wheelers and tractors – retail and hotels are likely to be in focus in the next few months, as the India Meteorological Department (IMD) has forecast an above-normal monsoon. Sufficient rainfall in the June-September season can lead to faster growth … Read more
Raghupati Singhania, CMD, JK Tyre, says the passenger segment is growing the best and is showing more robust demand. In the CV category, we expect a little bit of up and down and flattish demand for the year as a whole. The farm sector is still a little slow in growth while two- wheelers are … Read more
New Delhi: In a relief to automakers, sales of entry-level twowheelers — mostly bought by rural consumers — rose in strong double digits in the second half of FY24, underscoring a recovery in demand in this key consumer segment for the first time since the pandemic. The trend continued in April, driven by an improvement … Read more
Uncertainty around the ongoing elections in India could hurt automakers’ sales in May despite rising consumer interest for new model launches, a dealers’ body said on Wednesday. The world’s most populous nation began voting on April 19 in a massive general election where Prime Minister Narendra Modi is seeking a rare third straight term. “Election … Read more
Some of India’s two-wheeler makers are revisiting the past. Encouraged by the electric-powered rebirth of the Bajaj Chetak – which has been a runaway success – and a thriving domestic electric two-wheeler market, two more iconic 70s brands are electrifying their yesteryear favourites. Kinetic is looking to address the needs of ‘Bharat’ (rural and semi-rural … Read more
Tyre maker CEAT Ltd is foraying into steel radial tyres for two-wheelers with an aim to enhance its leadership position in the overall two-wheeler tyre segment and also to help premiumise the brand. The company, which on Friday launched its new premium range of two-wheeler steel radial tyres, is targetting both aftermarket and original equipment … Read more
