Eicher is currently finalising and structuring terms with global banks and consulting companies ahead of a bid deadline at the end of the month, the paper said, quoting unnamed sources.
Its motorcycle sales also dropped 7 per cent to 2,65,182 units as against 2,85,527 units in July last year, Bajaj Auto said in a BSE filing.
Chennai-based TVS Motor today posted 3.64 per cent decline in total sales at 2,11,470 units in February this year.
Domestic car sales were up 10.83 percent at 1,86,523 units as against 1,68,303 units in January last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
However, with two-wheeler sales still continuing to be in the negative zone, the overall sales across categories registered a decline of 4.71 percent to 16,20,045 units from 17,00,141 units in January 2016.
It is for the first time that a model manufactured by Suzuki Motorcycle India Pvt Ltd (SMIPL) is being exported to Japan where its parent company Suzuki Motor Corporation (SMC) is based.
Many global markets are slowing down, size of the motorcycles market has decreased but Pawan Munjal, Managing Director of Hero Motocorp believes this is a temporary phase and will pass..
Monthly automobile sales growth rate in India slipped to a 16-year-low in December with total vehicle sales declining by 18.66 per cent as demonetisation hits the industry hard.
Niche bike maker Royal Enfield today introduced the Redditch series on its popular Classic 350 model range priced at Rs 1.46 lakh.
In this special episode of CNBC-TV18 Overdrive Awards Jury Round, watch the contenders for motorcycle and scooter of the year.
The company, which aims to be a leading player globally in mid-sized motorcycle segment (250-750cc), currently has 25 dealerships across the country.
Dominar is derived from a Spanish word, which means to excel or exceed in power. It would be launched on December 15, the company said in a statement.
"The Indian Springfield is one of the best bikes in our product portfolio as it offers the best mix of touring comfort and urban versatility through its blend of classic styling and comprehensive modern technology," EPPL & Polaris India CEO & Director Pankaj Dubey said in a statement.
Domestic car sales were up marginally to 1,95,036 units as against 1,94,158 units in October last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
With the Road Glide Special, the company also introduced its all-new Milwaukee-Eight engine -- the ninth edition of the Big Twin since its inception, which is also the most powerful collection of cruisers in the brand's 113 year history.
The success of the model has pushed the company's market share close to 8 per cent in overall motorcycle segment in India.
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), PV sales in September stood at 2,78,428 units as against 2,32,170 units in the same month last year.
In an interview to CNBC-TV18, S Ravikumar, President-Business Development at Bajaj Auto spoke about their September auto sales numbers.
Commenting on the launch, MTWL Senior General Manager Sales, Marketing & Product Planning Naveen Malhotra said the MOJO Tourer Edition is aimed at those who have a passion for touring and for whom exploring new terrain is a way of life.
Benefits from a favourable monsoon during the current year and expected healthy kharif output supporting rural cash flows are expected to be key factors leading the growth, the rating agency said in a report.
Car sales were also up 9.53 percent to 1,77,829 units as against 1,62,360 units in August last year, according to the data released by the Society of Indian Automobile Manufacturers (Siam).
In an interview with CNBC-TV18, S Ravikumar of Bajaj Auto said that the company is growing at double the industry rate in the domestic segment and expects 40 percent growth in motorcycle segment in the second half of this fiscal.
Total two-wheeler sales during the month grew by 15.38 percent to 2,40,042 units as against 2,08,044 units in the same month a year ago, TVS Motor Company said in a statement.
EBITDA margins may improve 70 basis points (YoY) due to higher share of Victor sales as it recieved good response. Margins will also benefit from moderation in marketing spends. However, problem with TVS motor is that margins are unable to sustain above 7 percent despite new launches and operational leverage.
Built on a completely new chassis and frame with a brand new engine, the new model has been developed at the company's Centre of Innovation (CIT) in Jaipur.