The next-gen Splendor boasts a 100cc engine offering 7.9 BHP @ 8000rpm and a max torque of 8.05Nm @ 6000 rpm.
Citing SIAM data, Honda Motorcycle & Scooter India said its Activa range sold 13,38,015 units in the January-June period as against 12,33,725 units of Hero's Splendor series.
Volume growth in Q3 was tepid, hence revenue growth is likely to be in low single digits. Volume in Q3 was up 2.5 percent at 16.90 lakh versus 16.48 lakh units (YoY). Tepid volume run rate is expected in key models like Passion and Splendor which have high rural exposure as rural slowdown concerns continue.
Looking to cash in on the robust demand for scooters, the company has also raised its annual scooter capacity to 13 lakh units from the previous 10 lakh units
Splendor, which has crossed 2.5 crore sales milestone in cumulative sales since its launch in 1994, is one of the most successful motorcycle brands in the country.
Here is a list of the announcements that have come from various auto companies and a look at how cheap their bikes and cars are expected to get, as a result of the excise duty.
Although Hero's volumes declined 5 percent last quarter amid the overall slowdown in the industry, it has managed to regain market share back to 54 percent in motorcycles and scooters too its share is up to 21 percent from 19 percent.
Hero MotoCorp's net profit is likely to fall on the back of higher average tax rate, as tax incentives it got at Haridwar plant have expired, and sales volumes in the first quarter declined 5 percent.
India's largest two-wheeler maker Hero MotoCorp's fourth quarter (January-March) net profit fell by a lower-than-expected 5 percent year-on-year to Rs 574.3 crore.
Hero MotoCorp will report its fourth quarter earnings on Friday, amid what has been a continued slump in demand in the two-wheeler industry.
Japanese giant Honda has decided to take the battle right to its former partner and now its rival Hero MotoCrop‘s doorstep with the launch of its entry level bike the ‘Dream Neo‘.
In an interview to CNBC-TV18 Ajay Shethiya of Centrum Broking shared his outlook on auto stocks and the strategy to play the sector.
In an open challenge to its former ally and market leader Hero Motocorp, Japanese Honda Motorcycles & Scooters India or HMSI today said that it could become the No.1 two-wheeler maker by 2015.
India's second largest two-wheeler maker Bajaj Auto is taking another shot at bridging the gap and even trying to beat the market leader Hero MotoCorp. And its fighting it out in the mass market, where Hero, with its Splendor and Passion range of motorcycles, has been long dominant.
India's largest two-wheeler maker Hero MotoCorp delivered second quarter results in-line with street expectations on Tuesday. However, there are no particular reasons to celebrate just yet, warn analysts.
India's largest two-wheeler maker Hero MotoCorp's second quarter net profit declined 27% from a year ago (down 28% sequentially) to Rs 441 crore, hurt by overall slowdown in sales. However, demand has since picked up from the beginning of the Navratra period, it said on Tuesday.
India's largest two-wheeler manufacturer Hero MotoCorp plans to launch 8-10 new products and refreshes this financial year (FY13). It has already launched the Ignitor motorcycle and Maestro scooter this year.
India's largest two-wheeler maker Hero MotoCorp is raising production capacity at its plants to 7 million units per year from 6.2 currently to meet steady demand.
Bajaj Auto shares recovered on Friday, rising 1.4% at Rs 1,635.75 on NSE, after getting thumbs down by the street on Thursday following a mixed results announcement for July-September.