As the sales pickup for Royal Enfield, CEO Vinod Dasari says that lack of new products and the economic downturn led to a drop in sales. The October turnaround came after sales declined in double digits this year. Dasari said the brand would get back to double-digit growth led by sustained product action and increasing reach, both locally and internationally.
Japanese automaker Suzuki Motor’s two-wheeler unit may start testing its electric scooter on the streets of India as soon as next year, but will likely wait for infrastructure to develop before marketing the product.
The Benelli Imperiale 400 ventures into a segment where buying decisions are largely influenced by sentiments, aspirations and prestige, followed by the price tag. Rishab Bhaskar find out if it has what it takes to appeal to a typical modern-classic motorcycle buyer.
The company will further announce the launch of other BS-VI compliant line-ups in coming time, IYM said in a statement. The new FZ-FI and FZS-FI BS VI versions come with various features like single channel ABS in the front wheel, front and rear disc brakes along with a single piece two level seat.
Hero MotoCorp has set a target of selling one million units overseas annually in the next three to four years, Rajat Bhargava, head of global business for Hero MotoCorp, told ET. With a projection of increasing total annual sales to 10 million units during the same period, the company expects overseas sales to contribute 10% to its revenue from 3% at present.
The company, which is present in India through a wholly-owned subsidiary Honda Motorcycle and Scooter India (HMSI), is planning to give a boost to its premium motorcycle business Honda BigWing by producing such motorcycles in the country.
The Low Rider will be powered by the Milwaukee Eight 107 engine, which displaces 1746cc and generates 149Nm at 3000rpm. Power is delivered via six-speed gearbox and belt drive. The current Low Rider is quite an improvement over the model it replaces; the frame is 34 per cent stiffer, and overall weight has been reduced by 14.5kg. If you don't want to go for the full-fat, full-size Fat Boy, the Low Rider will do just as well but will be easier on the pocket and in traffic.
Superbikes are available in mint condition for half the price of the new one, this Diwali. Several superbike owners do not keep their motorcycles for more than one or two years. Almost all major global brands now sell their international bestsellers in India.
As the iconic scooter Chetak goes electric, ET NOW caught up with the Executive Director of Bajaj, Rakesh Sharma. Bajaj said, "We are a company with a very rich past, rich legacy. I think it is the credibility of this rich past that gives us a solid foundation for the future". The company is bringing back its iconic brand Chetak in an electric avatar and will start selling the model from next year in Pune followed by Bengaluru.
According to sources, about 2 billion e-rickshaws ply in the country, manufactured primarily by players in the unorganised sector. This segment is seeing an annual growth of about 10% with addition of 100,000-150,000 new vehicles every year.
Pune-based Bajaj Auto Limited (BAL) Wednesday forayed into the electric two-wheeler market with iconic scooter Chetak.Apart from India, the new Chetak will be sold in relevant markets in Europe starting next year. BAL Managing Director Rajiv Bajaj said as far as volumes are concerned, the company will continue to focus on motorcycles, but as far as meaningful niches are concerned Bajaj will work on developing electric vehicles.
Chetak's launch marks Bajaj Auto's foray into the electric two-wheeler segment. Its managing director Rajiv Bajaj said that the company will focus on developing electric vehicles as far as meaningful niches are concerned and not for volume growth.