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The third line will add an additional production capacity of 6.5 lakh scooter units, taking the total capacity of the facility to 19.7 lakh units per annum.
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Exports were at 31,022 units as against 17,020 units in the year-ago period, it added.
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Honda Motorcycle & Scooter India recalls H’ness CB350 and CB350RS for faulty rear stop light switch rubber parts manufacturing process.
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A daily round-up of the most interesting articles to help jump-start the day.
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Honda just launched its third contender in the middle-weight, performance bike space. Is the CB300F more like the Hornet or it’s bigger sibling—the CB500F? Does it justify its price, or are there better options out there?
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Under the collaboration, Kyndryl will help Honda Motorcycle and Scooter India (HMSI) elevate its IT and security transformation journey across its manufacturing plants, the company said in a statement.
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Following various state government guidelines and respecting red, orange and green zoning in letter and spirit, company showrooms and workshops have started reopening with effect from May 4
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Commenting on the launch, HMSI President, CEO and Managing Director Minoru Kato said the new model would raise the bar for technology, style and performance in the 125 cc motorcycle segment.
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First launched in India in 2017, the latest edition comes loaded with 2nd generation dual clutch transmission (DCT) technology, as per the release.
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In the April-June quarter of last fiscal, Hero had sold 18,11,343 units as compared to 14,78,478 units of HMSI, a gap of 3,32,865 units.
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With enhanced riding dynamics, aggressive styling and a wilder induction roar, the new CBR650F takes sports touring to the next level, HMSI said in a statement today.
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Not a single new unit of the two bikes has been produced since April 1 and most of the older stocks had been liquidated during the stock clearance sale of March 30-31.
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Not looking at any price hikes on Honda products anytime soon because the cost of upgrading the products has already been passed on to the consumers, said Yadvinder Guleria of Honda Motorcycle & Scooter.
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With 6.71 lakh two-wheelers affected out of the total of over 8 lakh BS-III vehicles impacted by the ban, dealers said the immediate effort is to sell as many units as possible before the deadline by offering "unheard of discounts" in the industry.
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The demonetisation impact has not fully subsided and two-wheeler companies might continue to feel the pain for few more months, according to S Ravikumar, President - Business Development at Bajaj Auto.
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Honda Motorcycle & Scooter India
(HMSI) today reported 22.52 per cent increase in total sales
at 4,27,384 units in June.
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The exercise is part of a global recall by the company's Japanese parent Honda Motor Co. "The recall process will start in mid of August 2015 as a precautionary measure to check and replace starter relay switch if it belongs to the defective lot," HMSI said in a statement.
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Brokerage house Prabhudas Lilladher has come out with its report on automobiles. According to the research firm, 13-15 percent CAGR in scooter volumes are expected for the next three years. "Accumulate Hero Motocorp & Bajaj Auto," advises Prabhudas Lilladher.
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Sanju Verma, MD & CEO of Violet Arch Capital Advisors advised buying only Mahindra and Mahindra (M&M) in the auto space and avoiding Tata Motors.
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Seeking an early solution to its wage settlement talks with the management, workers of Hero MotoCorp's Gurgaon plant today said they are keeping options open to go on strike but only as a last resort.
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It is no longer shackled by its 27-year old joint venture Hero Honda. That is reason enough for HMSI to begin working on making its dreams of becoming the number-one two-wheeler player in India a reality, reports CNBC-TV18's Swati Khandelwal Jain.
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M&M's foray into the two-wheeler market has not been as explosive as expected. And now, CNBC-TV18 learns that while the re-launch of its 110 CC bike Stallio has been delayed, even scooter sales are slipping. CNBC-TV18’s Swati Khandelwal Jain and Ronojoy Banerjee report.
