This week in Auto: Festive season brings some cheer to two-wheeler majors, but is it time yet to celebrate?
Here’s a look at what else made headline during the week
Hero to keep expanding tie-up with Harley, dealers to sell American superbikes
A senior Hero MotoCorp official has confirmed that the partnership will keep ‘expanding and extending’ in future.
The worst is behind us in the CV segment: Tata Motors
The commercial vehicle segment is regarded as a barometer of economic activity in a country. Any green shoots in the segment indicate a direct pick-up in the economy. And there are signs aplenty, not just at Tata Motors, but at its rivals as well.
Harley-Hero deal: Here's why the deal between makers of high-end and entry-level bikes may just work
The Harley-Hero non-equity tie-up is a distribution-based partnership which does not involve transfer of technology from Harley. It involves handing over sales, service and distribution of its products to Delhi-based Hero MotoCorp.
Price hikes may sour festive spirit for auto companies
Input costs rise as demand picks up in the automotive sector. Consequently, many companies have increased prices. Direct cash discounts, free accessories and added exchange bonuses are some of the offers through which companies are trying to attract buyers.
Revenge travel picks up in India; resorts, hotels beat some COVID-19 blues
As people travel compulsively to beat lockdown boredom, resort properties see a surge in demand. Experts say during weekends, occupancy rates are as high as 80%. Jaipur, Goa, and Kochi top most popular leisure destinations.
This week in Auto: Kia Sonet bookings skyrocket to 50,000; Nissan’s last-ditch effort for India
Here is a look at all the important developments in the auto space this week
India plans one EV charging station every 25 km. But will private players come to the party?
The move comes as a shot in the arm for EV manufacturers as well as EV buyers, most of whom are concerned about the lack of charging infrastructure. However, the proposal has not overly enthused private charging infrastructure companies. Read on to find out why
Blaming uncertain conditions, JK Tyre says it will not spend even a rupee on capex in FY21
JK Tyre is the latest company to defer capital expenditure. A dozen or so companies have already slashed their capex for the year, with Bharat Forge bringing it down to zero
Ather launches buyback programme, slashes prices of 450+ by Rs 9,000
This is the first time an electric two-wheeler company has launched a buyback programme in India
INS Vagir: Indian Navy to get fifth Scorpene-class submarine from Mazagon Dock in six months
The PSU believes it can complete deliveries of all the contracted submarines by 2022, with the last of the six, INS Vagsheer, expected to be launched by then.
This week in Auto: Demand pick up dashes hopes of GST cut
Here is a complete look at all the major developments in the automotive space this week
Exclusive: Hyundai SUVs overtake its hatchbacks for the first time
Venue and Creta, aided by small numbers of Kona and Tucson, Hyundai’s SUVs, have clocked total domestic sales of 75,310 units between April-September 2020, against 69,261 units in the same period last year.
It’s raining discounts as carmakers chase buyers during festive season
Cash discounts, exchange bonuses, extended warranties, lower interest rates, free accessories and discounted annual maintenance contracts are all there. Carmakers are offering them across segments and models. Some schemes already on, others will start on Oct 16.
Scooter share hits multi-year low as urban lockdown cripples demand
Though the launch of the Honda Activa, India’s highest-selling scooter, took place nearly 20 years ago, scooters largely have remained an urban phenomenon
Bharat vs India: Tractor sales in 2020 could become the best-ever in a year; car, CV segments still in the red
Tractor Manufacturers Association attributes growth to better agricultural harvest, government’s rural development schemes, higher MSP. Manufacturers are now expecting sales in the rest of the year to surpass even the 2018 figures, making it the best in a year so far.
Exclusive: In 3 years, Aprilia to get into 300-cc bike category, says Piaggio Vehicles CMD Diego Graffi
Diego Graffi, chairman and managing director, Piaggio Vehicles, said that the ‘affordable premium’ segment of motorcycles, having engines up to 350cc has been growing. Aprilia also sells 1,000cc superbikes in India in limited numbers.
This week in Auto: Banks unwilling to lend to two-wheeler buyers over default fears
Here is a brief on all the important developments in the auto space this week.
Why Honda is proceeding with caution even as demand picks up in run-up to festive season
The company is not building up inventory in anticipation of higher demand during the festive season, something that the rest of the industry seems to be doing.
Hotel occupancies show a spike in August as lockdown restrictions are lifted
STR, a global data intelligence gathering company, says Mumbai and Delhi recorded more than 30 percent occupancy during the month, compared to less than 10 percent occupancy during April-May. Leisure destinations like Rajasthan, Punjab, Karnataka, Goa and Kochi also witness a surge.
India zooms past China to become Hyundai’s biggest production centre outside Korea
China has the Korean company’s biggest plants outside Korea and twice the capacity here. India has also become the largest overseas market for Hyundai in total sales globally
This Week in Auto: Car sales up in September, but two-wheeler sales not on same trend
Here is a look at all the major developments in the automotive space this week
Of all the EV startups, why is Ather Energy's valuation down?
Fresh round of fund-raisings by startup automobile companies, backed by big brands, indicate a surge in their valuations though profitability remains a distant possibility. Here’s a look at such companies.
Thailand, Vietnam reap benefits as India imports less tyres from China
As per data shared by the Automotive Tyre Manufacturers Association, Chinese tyre companies have lost market share in almost every segment of the vehicle market
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