
Inflation, El Niño may hit two-wheeler sales in rural India
Two-wheeler sales grew 12% year-on-year in March but were down 9% from pre-Covid levels.
Two-wheeler sales grew 12% year-on-year in March but were down 9% from pre-Covid levels.
Pawan Munjal, current CEO and chairman of Hero MotoCorp, will continue as executive chairman and whole-time director on the board.
The two-wheeler industry bore the brunt of the pandemic-induced uncertainties, and the chief of Honda's Indian arms suggests that the industry has been set back by a decade.
Hero MotoCorp needs to monetise its internal EV developments, or it will be dethroned once the market is fully electrified. TVS is poised to benefit from its strong R&D initiatives and brand building
Most companies that are seeing a revival in growth are reporting it on a lower base of last two years. Are they really on the growth track?
This is the best scooter ever made, and not just the best e-scooter, Ola's chairman and group CEO Bhavish Aggarwal said.
Higher rate of Covid-19 infections in the rural areas can adversely impact two-wheeler sales. CRISIL revised its two-wheeler volume growth estimates at 10%-12% against 18%-20% earlier.
The electric vehicle industry believes that the pandemic and the Indian government's policies have given the nascent sector a much needed boost. But more work remains to be done.
Indian automakers are showing signs of recovery with retail sales going up during the festive season. However, significant concerns still exist.
Electric vehicle maker Ather Energy said that it aims to set up one of the biggest public charging infrastructure in India.