Eicher’s recently introduced vehicles may not help the company regain the market share lost in the 250cc and above segment while Hero Motocorp and Bajaj Auto are set to gain speed on the back of robust demand.
The company is the largest manufacturer of brake-shoe and advanced braking (AB) systems for two-wheelers (2Ws) in India.
The company intends to make a complete 'Made-in-India’ product, which will help the brand control quality and technology as per the requirements of the Indian customers.
EVTRIC already has three electric scooters — AXIS, RIDE and MIGHTY — in its product portfolio.
Festive season sales remain tepid, dealers and retailers grapple with unsold inventories.
Indraprastha Gas (IGL) shares gained 3 percent intraday after Citi says Pune will be the potential opportunity for the company to provide CNG to 2-wheelers if trial results for 2-wheelers in Delhi fructified well.
On the macro front, Prabodh Agrawal, president and head of research at IIFL Institutional Equities, continues to remain positive. He says even if GST implementation gets delayed by three months, it should not be an issue.
At present different states have different tax structure. States having higher taxes lose out on revenue when people purchase vehicles from states that have lesser levies.
Going into FY13, Fortune Equity Brokers tells CNBC-TV18 that their best bet in the auto space are the 4-wheeler companies.