Barclays downgraded Bajaj Auto to "equal weight" from "overweight" on Thursday and maintained an "underweight" rating on Hero MotoCorp and TVS Motor saying the next twelve months would remain challenging for the two-wheeler industry in India.
Indian motorcycle market has seen a slew of launches in the 2500cc segment over the last few months. But this time it is going to be different. Honda launched its new 110cc commuter motorcycle - Dream Yuga.
Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is looking at expanding its market presence in the North Eastern states on the back of its recently launched mass segment bike 'Dream Yuga'.
Bajaj Auto has for long been a dominant number two player in the Indian two-wheeler market. But its dominance is being challenged by Honda Motorcycle and Scooter India.