FAME-II fiasco fuels electric two-wheeler consolidation
1 year, 6 months ago

FAME-II fiasco fuels electric two-wheeler consolidation

Live Mint  

New Delhi, Bengaluru: Government action against electric two-wheeler companies which had wrongfully claimed subsidies under Fame II, or Faster Adoption and Manufacturing of Electric Vehicles in India scheme, have accelerated consolidation within the industry. While Okinawa Autotech and Hero Electric dropped out of the top five rankings for the first time, following stringent action by the government over unpaid subsidies and recovery notices by the ministry of heavy industries, Bajaj Auto and TVS Motor made it to the list. In fact, in June, electric two-wheeler sales fell by 19% from a year ago to just around 35,000 units, marking the first year-on-year fall since January 2022. View Full Image Shifts in composition of top five original equipment manufacturers “In absence of subsidies for a majority of mid-spec OEMs, and around 60% reduced subsidies generally for OEMs, we think two things will happen.

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History of this topic

Electric vehicle sales charged up this year, and not just because of subsidies
2 weeks, 3 days ago

Electric vehicle sales charged up this year, and not just because of subsidies

Live Mint  

New Delhi: The number of fossil fuel-based vehicles sold for every electric vehicle in the two-wheeler and light motor vehicle categories has fallen in 2024, compared with last year, a positive indicator for the EV ecosystem in the country. This marks a sharp decline from 2023's 18.43 petrol two-wheelers sold per electric two-wheeler sale, with 15.85 million petrol bikes and …

Policy tweaks drag sale of subsidized electric two-wheelers to three-year low
4 weeks, 2 days ago

Policy tweaks drag sale of subsidized electric two-wheelers to three-year low

Live Mint  

The number of electric two-wheelers for which buyers claimed subsidies has dropped to a three-year low this fiscal, as automakers skipped the benefits following stringent rules and frequent changes in criteria. Changes in the phased manufacturing programme guidelines—covering localization requirements--have “disproportionately impacted mid-sized and small original equipment makers, making it slightly more time-consuming for them to qualify under the scheme", …

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y
2 months ago

Ola Electric Q2 Results: Firm posts net loss of ₹495 crore; revenue rises 39% y-o-y

Live Mint  

Electric two-wheeler maker Ola Electric Mobility posted a consolidated net loss of ₹495 crore for the September 2024 quarter on Friday, November 8. The loss narrowed from ₹524 crore a year earlier, but widened over ₹347 crore in the June 2024 quarter. In an earnings call with investors after the results, Ola Electric CEO Bhavish Aggarwal said the company was …

Honda electric scooter launch in India on November 27
2 months ago

Honda electric scooter launch in India on November 27

India Today  

Leading two-wheeler manufacturer Honda Motorcycle & Scooter India will launch its maiden electric model in the country on November 27. With its unabated dominance in the internal combustion engine scooter segment with models like the Activa and the Dio, we expect Honda's first electric model to be a scooter as well. If we talk about the electric two-wheeler space, as …

Bajaj's aggressive push threatens Ola's EV dominance as share slips below 30%
3 months, 1 week ago

Bajaj's aggressive push threatens Ola's EV dominance as share slips below 30%

Live Mint  

Bajaj Auto, a ‘legacy’ two-wheeler maker once far behind the EV race where Ola Electric and other startups were shaping the market, has nearly doubled its market share since the start of the fiscal in April. Bajaj has positioned itself to challenge the market leader Ola Electric, whose grip on the market slipped to a precarious 27% in September 2024, …

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report
3 months, 3 weeks ago

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report

The Hindu  

The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. "We currently assume a share of E2Ws rising from 5% in FY24 to 7% /10% /13% in FY25E/FY26E/FY27E, although we now see a downside …

Extension of EMPS 2024 Scheme to Support EV Two-Wheeler Sales in FY25
6 months ago

Extension of EMPS 2024 Scheme to Support EV Two-Wheeler Sales in FY25

Deccan Chronicle  

Chennai: Likely extension of Electric Mobility Promotion Scheme 2024 is expected to support electric two-wheeler sales in FY25. According to Care Ratings, the two-wheeler industry is expected to sustain a steady volume growth rate of around 7-9 per cent in FY25, slightly lower than 9.8 per cent growth achieved in FY24. In FY23, EV sales reached around 0.73 million units, …

FAME-II incentives for electric vehicles to be offered on ex-factory prices: Govt
10 months, 4 weeks ago

FAME-II incentives for electric vehicles to be offered on ex-factory prices: Govt

Hindustan Times  

The ministry of heavy industries on Friday said that that FAME-II incentives, which are designed to encourage demand for electric vehicles in the country, will now be offered at the ex-factory price of electric four-wheelers and e-three wheelers, instead of their ex-showroom price. He said the revision in the scheme was being made to address the differences in ex-showroom pricing …

Ola Electric set to reach milestone: ‘Four-Lakh e-scooters in two years’
1 year ago

Ola Electric set to reach milestone: ‘Four-Lakh e-scooters in two years’

Hindustan Times  

Ola Electric is on the verge of a significant milestone, poised to become the “first electric two-wheeler manufacturer in India to produce four lakh electric scooters within two years.” In the previous year, the company achieved a remarkable feat by manufacturing one lakh electric scooters in just 10 months after its launch, marking the fastest pace among electric two-wheeler manufacturers …

Forget Teslas, India’s EV revolution is happening on two wheels
1 year, 2 months ago

Forget Teslas, India’s EV revolution is happening on two wheels

Hindustan Times  

Even licence plates contribute to the feast of colour that is an Indian city. In 2013, the then Congress-led government launched the first national scheme—the National Electric Mobility Mission Plan—to push EVs. The incentives spurred the growth of EV scooter startups such as Ola Electric Mobility and Okinawa, which have gobbled up market share, though new firms are still emerging. …

India targets 100% transition to electric two-wheelers in 5-7 years: Tarun Kapoor
1 year, 7 months ago

India targets 100% transition to electric two-wheelers in 5-7 years: Tarun Kapoor

Live Mint  

New Delhi: India should aim for a 100 percent transition to electric two-wheelers in the next 5-7 years and make India a manufacturing hub for electric vehicles, said Tarun Kapoor, Advisor to the Prime Minister, PMO on Tuesday. Kapoor highlighted the government’s commitment to driving the EV sector, not only to increase the presence of electric cars, buses, and two-wheelers …

Two-wheelers kick into high gear
1 year, 7 months ago

Two-wheelers kick into high gear

Live Mint  

Two-wheeler auto companies are finally having their moment in the sun, show the wholesale volumes in May. After many months, all the listed two-wheeler companies clocked growth both year-on-year as well as sequentially in their wholesale volumes in May aided by wedding demand. In fact, Hero MotoCorp Ltd even surpassed analysts’ estimates, clocking volume growth of nearly 7% year-on-year. On …

Hero Electric Defies Subsidy Reduction, Keeps Prices Unchanged to Boost Electric Mobility
1 year, 7 months ago

Hero Electric Defies Subsidy Reduction, Keeps Prices Unchanged to Boost Electric Mobility

News 18  

In a remarkable move, Hero Electric, a renowned electric two-wheeler company, has once again proven its commitment to customers by declaring that it will not raise the prices of its sought-after e-scooter models. However, Hero Electric recognizes the significance of supporting customers during this transitional phase, ensuring that electric mobility remains affordable and easily accessible. The company strongly believes that …

Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV
1 year, 7 months ago

Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV

The Hindu  

Society of Manufacturers of Electric Vehicles on May 23 said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time. The Heavy Industries Ministry has notified changes for reducing subsidy provided under FAME-II scheme applicable on electric two-wheelers registered on or after June …

Plan to Buy an Electric Scooter? Read About Slashed Subsidy as Govt Amends FAME II Scheme from June 1
1 year, 7 months ago

Plan to Buy an Electric Scooter? Read About Slashed Subsidy as Govt Amends FAME II Scheme from June 1

News 18  

Reduction of the maximum subsidy ceiling from 40 per cent to 15 per cent and that on electric two-wheelers from the current Rs 15,000 per kWh to Rs 10,000 per kWh are among the demand incentives modified by the Ministry of Heavy Industries under the Faster Adoption and Manufacturing of Electric Vehicles II scheme. The Union Minister of Heavy Industries …

E-Scooters To Get Costlier? Govt Plans To Lower Subsidy Cap To 15% Of Vehicle Price
1 year, 7 months ago

E-Scooters To Get Costlier? Govt Plans To Lower Subsidy Cap To 15% Of Vehicle Price

News 18  

The heavy industries ministry is planning to reduce the subsidy per two-wheeler from 40 per cent of its ex-factory price to 15 per cent, to expand the coverage of vehicles under the subsidy scheme. A stakeholders’ meeting with 24 electric two-wheeler OEMs registered under FAME-II was called on Tuesday and the consultation reached a consensus that the demand incentive may …

Subsidy cut: A ride into uncertainty for electric two-wheelers?
1 year, 7 months ago

Subsidy cut: A ride into uncertainty for electric two-wheelers?

Live Mint  

NEW DELHI : The government is set to lower the subsidy on electric two-wheelers as part of a broader restructuring of financial incentives for this fledgeling industry. The subsidy per kilowatt of battery capacity will be reduced from ₹15,000 to ₹10,000 per electric two-wheeler under the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles II scheme. This adjustment, combined …

The Evolution of Electric Two-Wheelers in India
1 year, 8 months ago

The Evolution of Electric Two-Wheelers in India

Hindustan Times  

India loves its two-wheelers. With heavy backing from the government, the last five years of electric mobility in India have seen a major increase in the number of players. One of the most notable developments in the Indian ETW industry over the past five years has been the launch of innovative electric two-wheelers. According to Vahan Portal, CY2022 witnessed a …

India Should Aim for 100% Electric 2W and 3W Sales in Next 5 Years: Amitabh Kant
1 year, 10 months ago

India Should Aim for 100% Electric 2W and 3W Sales in Next 5 Years: Amitabh Kant

News 18  

Recently, ‘National Dialogue on Emerging Trends in E-Mobility’ was organized by the Council on Energy, Environment and Water in New Delhi. At the event, Amitabh Kant, G20 Sherpa of India, said that India should aim to make two and three-wheelers sales 100 percent electric in the next five years. “India should target making two and three-wheelers sales 100% electric in …

Hero MotoCorp to expand e-bike range in 12-18 months
1 year, 10 months ago

Hero MotoCorp to expand e-bike range in 12-18 months

Hindustan Times  

The country's largest two-wheeler maker Hero MotoCorp plans to expand its electric two-wheeler range over the next 18-24 months as it looks to cater to demand across multiple customer segments, according to a senior company official. The company, which has already commenced sales of its electric scooter under Vida brand across Delhi, Bengaluru and Jaipur, plans to introduce the existing …

12 Electric Vehicle Automakers under Probe for Violation of FAME Subsidy Guidelines
2 years ago

12 Electric Vehicle Automakers under Probe for Violation of FAME Subsidy Guidelines

News 18  

The government is probing 12 automakers including Hero Electric Vehicles and Okinawa Autotech for alleged misappropriation of subsidies under the Rs 10,000 crore FAME scheme, Union Heavy Industries Minister Mahendra Nath Pandey informed Parliament on Tuesday. The other Original Equipment Manufacturers against whom complaints have been received include Benling India Energy and Technology; Okaya EV; Jitendra New EV Tech; Greaves …

Transition of India's entire fleet of two-, three-wheelers to electric needs $285bn financing: World Economic Forum
2 years, 1 month ago

Transition of India's entire fleet of two-, three-wheelers to electric needs $285bn financing: World Economic Forum

The Hindu  

The complete electrification of India's entire fleet of two- and three-wheelers, the largest in the world, will require financing to the tune of $285 billion, according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum paper said the last-mile and urban delivery fleets are leading the adoption of electric two- and three-wheelers in India …

How the Indian EV scooter market saw consolidation?
2 years, 2 months ago

How the Indian EV scooter market saw consolidation?

Business Standard  

Vehicles with green registration plates are increasingly making their presence felt in the traffic, even without a sound and smoke-emitting silencer. But, according to an analysis of VAHAN data by Business Standard, just seven companies accounted for 86 per cent of registrations of electric two-wheelers in September. These seven companies were traditional internal combustion engine two-wheeler players Bajaj Auto and …

Why EV makers have hit a ‘make in India’ bump
2 years, 3 months ago

Why EV makers have hit a ‘make in India’ bump

Live Mint  

NEW DELHI : The emails started coming in April. The whistleblower, who calls himself ‘Akash Shah, CA and CFA’, wrote to the department of heavy industries, the ministry in charge of implementing the government’s FAME-II scheme, alleging several violations by electric vehicle manufacturers who are mandated to meet certain localization norms but did not. Adani in talks with global investors …

September electric two-wheeler retail sales: Growth visible, pace remains slow
2 years, 3 months ago

September electric two-wheeler retail sales: Growth visible, pace remains slow

India Today  

The electric two-wheeler segment is moving ahead but at a rather slow pace, with the retail sales of electric models increasing merely 2.53% month-on-month in September. According to data from the Federation of Automobile Dealers Associations, the retail sales of electric two-wheelers stood at 51,784 units in September, a jump of only 2.53% over 50,506 units sold in August. However, …

Ola tops e-2W sales in September; beats Okinawa, Hero, Ather
2 years, 3 months ago

Ola tops e-2W sales in September; beats Okinawa, Hero, Ather

India Today  

Ola Electric was the largest electric two-wheeler manufacturer in September in terms of retail sales, beating the likes of Okinawa Autotech, Hero Electric, Ather Energy and Ampere Vehicles. According to data from the Federation of Automobile Dealers Associations, Ola retailed 9,432 units of electric scooters in September. Hero Electric's sales plunged 24.16% to 7,880 units in September. Completing the list …

India's EV Sector All Charged Up to Go The Distance, But Speed Bumps Remain
2 years, 4 months ago

India's EV Sector All Charged Up to Go The Distance, But Speed Bumps Remain

News 18  

There is little doubt about India’s electric vehicle segment being the most popular and happening sector in its automobile landscape. That is perhaps why in a recent media interaction, Maruti Suzuki chairman RC Bhargava advocated for incentivising the use of alternative technologies such as hybrid, CNG, ethanol, and biogas for producing small, affordable cars so that consumers in the “Bharat …

TMS Ep147: Edtech sector, electric two-wheelers, IT sector Q4, KYC
2 years, 8 months ago

TMS Ep147: Edtech sector, electric two-wheelers, IT sector Q4, KYC

Business Standard  

At least 300 educators and 700 other employees of ed-tech firm Unacademy were shown the door recently. So what is the road ahead for India’s ed-tech sector post pandemic?Like the ed-tech firms, India’s electric vehicle sector is also facing a moment of reckoning after at least four two-wheelers erupted in flames last month. Is it because a few companies are …

Hero MotoCorp, Honda Motorcyle two wheelers sales fall, this EV maker sells record numbers
2 years, 10 months ago

Hero MotoCorp, Honda Motorcyle two wheelers sales fall, this EV maker sells record numbers

Live Mint  

Hero MotoCorp sold 3,58,254 units in February 2022 compared to 5,05,467 units last year. “With a sharp decline in the number of Covid-19 cases and the economy gradually opening up with several other positive indicators, such as easing of the lockdown restrictions, as well as the measures announced in the FY’23 Union Budget, a swift revival in sales is expected …

Hero Electric clocks 7,000 units in domestic sales for November 2021
3 years, 1 month ago

Hero Electric clocks 7,000 units in domestic sales for November 2021

India Today  

India’s largest two-wheeler manufacturer, Hero MotoCorp, reported steady growth of Hero Electric with sales of 7,000 units in November 2021. The Hero Electric City speed variants have a maximum speed of 42kmph and are available in either single battery or dual battery setups. Sohinder Gill, CEO, Hero Electric said, “The government initiatives and customer-friendly policies have continued to drive demand …

Why Hero MotoCorp will not make an electric motorcycle anytime soon, and will instead focus on e-scooters
3 years, 1 month ago

Why Hero MotoCorp will not make an electric motorcycle anytime soon, and will instead focus on e-scooters

Firstpost  

Hero MotoCorp’s electrification journey begins in 2022, with the world’s biggest two-wheeler player set to launch its first electric scooter by March. While the e-scooter space is witnessing spectacular growth, Hero MotoCorp’s core business still lies in the motorcycle segment, and given the dearth of e-motorcycles in the country at present, it’s a valid question to ask – will Hero …

Honda’s first electric scooter for India in the works, set for FY2023 launch: Here’s all you need to know
3 years, 2 months ago

Honda’s first electric scooter for India in the works, set for FY2023 launch: Here’s all you need to know

Firstpost  

Honda aims to start feasibility run of the electric scooter with its dealer partners at the end of the festive season this year. Two-wheeler major Honda Motorcycle & Scooter India is gearing up to launch its first electric product in the country in the next financial year, a top company official has said. The company, which sells popular models like …

Hero Electric to expand annual production capacity to five lakh scooters by March 2022 as demand spikes
3 years, 3 months ago

Hero Electric to expand annual production capacity to five lakh scooters by March 2022 as demand spikes

Firstpost  

Hero Electric, the leading electric two-wheeler manufacturer in India, is ramping up annual production capacity at its Ludhiana facility by five times, to five lakh scooters from the present capacity of one lakh units by March 2022. Witnessing a steep rise in demand, Hero Electric had announced a few months ago that it would increase production capacity to three lakh …

India’s scooter EV revolution: Top 3 companies in the race
3 years, 5 months ago

India’s scooter EV revolution: Top 3 companies in the race

Live Mint  

The mobility landscape in India has been evolving swiftly, with electric vehicles being at the forefront of the evolution. This is an interesting data point as India's homegrown two-wheeler majors are fast-tracking their EV plans to capture reasonable market share in the coming years. Alternatively, Bajaj Auto's premium bike brand KTM is also working on a range of electric motorcycles, …

Electric 2-wheelers Likely to Account 10 Pc of Overall Sales in 2 to 3 Yrs: Ather
3 years, 5 months ago

Electric 2-wheelers Likely to Account 10 Pc of Overall Sales in 2 to 3 Yrs: Ather

News 18  

Electric two-wheelers could account for nearly 10 per cent of the overall two-wheeler sales in India in the next two to three years on the back of enhanced FAME II incentives and support from various states under their respective EV policies, Ather Energy Chief Executive Officer and Co-founder Tarun Mehta said on Tuesday. “I think in the next two to …

Electric two-wheelers may account for 10 per cent of overall sales in 2-3 years: Ather Energy
3 years, 5 months ago

Electric two-wheelers may account for 10 per cent of overall sales in 2-3 years: Ather Energy

India Today  

Electric two-wheelers could account for nearly 10 per cent of the overall two-wheeler sales in India in the next two to three years on the back of enhanced FAME II incentives and support from various states under their respective EV policies, Ather Energy Chief Executive Officer and Co-founder Tarun Mehta said on Tuesday. "I think in the next two to …

Future of mobility is shared, connected and electric; India is well-positioned to lead shift
3 years, 6 months ago

Future of mobility is shared, connected and electric; India is well-positioned to lead shift

Firstpost  

The recent remodelling of FAME II coupled with the PLI scheme will provide a strong impetus to unlock a future of clean mobility, and enrich India’s transportation system Chetak, Spectra, Bullet, Yezdi, Luna, Rajdoot – these names have been an integral part of Indian households for decades. The recent announcement by Ola to inaugurate the world’s largest e-scooter manufacturing facility …

Electric 2-wheeler makers hail FAME II subsidy hike as ’game changer’
3 years, 6 months ago

Electric 2-wheeler makers hail FAME II subsidy hike as ’game changer’

Live Mint  

Electric two-wheeler makers on Saturday termed as "a phenomenal move" by the government to increase subsidy for such vehicles by 50 per cent under the FAME II scheme saying it would be a game changer in the adoption of eco-friendly vehicles. The government had on Friday made a partial modification of the scheme for Faster Adoption and Manufacturing of Electric …

Electric Two-Wheelers are at the Forefront of Future Sustainable Mobility in India: Opinion
3 years, 6 months ago

Electric Two-Wheelers are at the Forefront of Future Sustainable Mobility in India: Opinion

News 18  

Plagued by the triple threat of a global pandemic, climate change and the soaring crude oil prices, the global transportation industry is in an enviable position. As electricity and transport sectors undergo technology disruption and transformation, the potential for transitioning to E-Mobility using Electric Vehicles is limitless. Electric vehicles already perform better over lifetime both ecologically and economically than fuel …

Govt increases FAME II subsidy on electric two-wheelers, manufacturers welcome the move
3 years, 6 months ago

Govt increases FAME II subsidy on electric two-wheelers, manufacturers welcome the move

India Today  

In a move that will greatly benefit electric motorcycle and scooter customers, the Central government has increased the subsidy under the second phase of the FAME India scheme on electric two-wheelers by 50 per cent, making them more affordable. In a notification dated June 11, 2021, Ministry of Heavy Industries and Public Enterprises said that the subsidy will now be …

Electric two-wheelers to become cheaper in India with key FAME II subsidy revisions
3 years, 6 months ago

Electric two-wheelers to become cheaper in India with key FAME II subsidy revisions

Firstpost  

In what comes as a major fillip to the electric two-wheeler industry in India, the Department of Heavy Industry has made vital revisions to the Faster Adoption and Manufacturing of and Electric Vehicles II scheme that will lower prices of electric scooters and motorcycles in the country and convince more riders to make the switch from a combustion-engined model to …

EESL to play a bigger role as govt modifies Fame scheme
3 years, 6 months ago

EESL to play a bigger role as govt modifies Fame scheme

Live Mint  

The Union government has modified its ambitious scheme to promote electric mobility by allotting the electric three-wheelers and buses component of the marquee Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to state-run Energy Efficiency Services Ltd. As reported by Mint on Friday, the scheme has failed to take off, with only ₹492 crore of the ₹10,000 crore …

Ministry of heavy industries and public enterprises modifies Fame scheme
3 years, 6 months ago

Ministry of heavy industries and public enterprises modifies Fame scheme

Live Mint  

The union government has modified India’s ambitious scheme to promote electric mobility and allotted the electric three-wheelers and electric buses component of the marquee Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to state run Energy Efficiency Services Ltd. Mint reported on Friday about the scheme failing to take off, with only 5%, or ₹492 crore, of the …

Entry of OEMs Likely to Change Competitive Landscape of Electric 2-Wheeler Space in India
3 years, 9 months ago

Entry of OEMs Likely to Change Competitive Landscape of Electric 2-Wheeler Space in India

News 18  

With the entry of mainstream Original Equipment Manufacturers in the e-scooter space, which was so fardotted mainly with the start-ups, the electric two-wheelers are ready for disruption and could change the competitive landscapes of the scooter segment, as per a report. Observing that higher cost of ownership due to regulatory factors, rising fuel prices, reduction in Li-ion battery prices, and …

Union Budget 2021: Expectations and Suggestions from Electric Cycle, 2-Wheeler Industry in India
3 years, 11 months ago

Union Budget 2021: Expectations and Suggestions from Electric Cycle, 2-Wheeler Industry in India

News 18  

The Indian population largely moves on two-wheelers, with approximately one-third of all households owning one. With their ease of use and maintenance, low upfront cost, high energy efficiency and portable design, e-bikes have rapidly been seen as the most viable option for intra-city mobility. Innovations have also given rise to newer trends including folding e-bikes and IoT enabled smart e-bikes …

FAME 2 Fails to Push Electric Two-Wheeler Sales in India, Only 25,735 Units Sold in 2020
3 years, 11 months ago

FAME 2 Fails to Push Electric Two-Wheeler Sales in India, Only 25,735 Units Sold in 2020

News 18  

While the E2W industry has been able to weather the Covid pandemic by sales of high speed electric two wheelers in the Jan to Dec 2020 period clocking 25,735 as against 27,224 units sold in the previous calendar year, the ambitious target of generating a sale of 1 million under FAME 2 is nowhere in sight. Commenting on the Industry …

Two-Wheeler Makers Report Promising Growth During Festive Season, Sign of the Bad Times Left Behind?
4 years, 2 months ago

Two-Wheeler Makers Report Promising Growth During Festive Season, Sign of the Bad Times Left Behind?

News 18  

The Indian automotive industry is going through one of its worst phases ever due to the complications that have arisen since the onset of the Coronavirus pandemic. “After breaching the 5 lakh unit sales level in September’20, Honda total two-wheeler sales closed at a higher level of 527,180 units with a 2 per cent growth over 517,845 units sold in …

Economic slowdown biggest reason for two-wheeler sales slump, BS-VI switch to increase challenges: HMSI
5 years, 3 months ago

Economic slowdown biggest reason for two-wheeler sales slump, BS-VI switch to increase challenges: HMSI

Firstpost  

Currently, the two-wheeler arm of Japan’s Honda Motor Co has a total production capacity of 6.4 million units per annum and was targeting seven million by the mid of the next fiscal. The current economic slowdown in India is one of the biggest reasons for the slump in two-wheeler sales and with vehicle prices expected to go up due to …

The curious case of electric mobility in India
5 years, 5 months ago

The curious case of electric mobility in India

Live Mint  

In an indication that mass adoption of electric vehicles in India is still some years away, a shareholder of Mahindra and Mahindra - country’s largest electric vehicle manufacturer by quite a margin - asked managing director Pawan Goenka when the company will venture into or launch electric vehicles. Apart from the the electric sedan E-verito, Mahindra has also launched its …

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