The company, which parted ways in 2011 with erstwhile partner Hero MotoCorp — the current market leader, said it will also strive to capture the largest market share in the electric two-wheeler segment in India, where it will begin operating a dedicated electric two-wheeler production plant in 2028.
As the penetration of financing improves, it will enable the inclusion of people from all strata of society, thereby driving growth and profitability for the two-wheeler segment, says Niranjan Gupta
The CD110 Dream Deluxe will be available in four dual-tone colors namely Black with Red, Black with Blue, Black with Green and Black with Grey
The price increase of Rs 10,500 will apply to all variants. However, the bike is still available at introductory price of Rs 2,29,000 till August 3.
Net profit went up 37 percent YoY and Ebitda/vehicle has touched a new high
Two-wheelers and three-wheelers account for over 80 per cent of vehicle sales in India and the adoption of electric vehicles has been steadily rising in the past few years.
Analysts reiterate the need to push through the three-pronged approach spelt out by Hero, which includes strengthening presence in motorcycles through higher penetration in the premium segment, improving presence in scooters and revving up exports
Read on for a round of all the news from the automotive industry of the past week.
The capacity utilisation for the company currently stands at 57 percent, which is likely to go up to 58-59% for the year, says John Flintham, senior MD & CEO, Amtek Auto.
CNBC-TV18‘s Sunanda Jayseelan and Ronojoy Bannerjee report that rivals Hero and Honda are trying to lead the fight market-share by weaving the strands of optimism and caution to formulate new strategies for the two-wheeler market.
Hero Honda sells a record 5 lakh units in December 2010. It also crossed the 5 million mark in the calendar year 2010. The total sales for Q3 in FY11 stands at 1.4 million units.