A team from the Karnataka government led by chief minister BS Yeddyurappa met the top officials of Hero Honda Motors to impress upon the two-wheeler maker to set up their manufacturing plant in the state.
At the meeting in New Delhi on Tuesday, Hero Honda Motors team was led by chairman Brijmohan Lall Munjal and MD […]
After facing a series of labour unrest at its existing plant in Manesar, two-wheeler maker Honda Motorcycle & Scooter (HMSI) India
Private Limited has finally decided to step out of Haryana for its second manufacturing facility. The auto major has selected Rajasthan for this facility with an initial investment of Rs 500 crore.
The plant, spread across […]
Delhi-based Munjal family on Tuesday said it has sold 50% stake in Hero Chassis Systems to German auto component firm ZF-Lemforder for an undisclosed amount. Hero Chassis Systems, a subsidiary of Hero Motors, is a privately-held auto component arm of the Munjal family who are the co-promoters of the country�s largest two-wheeler maker Hero Honda. […]
The country’s second largest two-wheeler maker Bajaj Auto today reported 78.03 per cent jump in motorcycle sales at 2,34,623 units in February.
The company had sold 1,31,785 units in February last year, Bajaj Auto Ltd (BAL) said in a statement.
BAL attributed growth to robust sales of its Pulsar and Discover range of bikes, it added.
Total two-wheeler […]
Buying and maintaining a car or a bike got a lot more expensive with the government announcing a 2% hike in excise duty, leading to an immediate near-corresponding increase in vehicle price across categories. The ride was made further bumpier by the decision to increase excise on petrol and diesel, making your running costs dearer.
Ditto […]
Excise hike has come in and you have been making where fairly strong statement saying that this is going to dent demand. What is you reaction?
Then I was making these very strong statements until this morning, until before I went into to listen to the Budget.
Has your outlook changed? Read more
Courtesy […]
Honda Motorcycle & Scooter India said it is not averse to set up its second plant in Haryana, in the country.
“We are not averse to Haryana,” HMSI’s Operating Head, Sales and Marketing N K Rattan said here.
The 100 percent subsidiary of Japan’s Honda Motor Company has its plant at Manesar in Haryana, with a capacity […]
Japan’s Honda Motor Corp’s fully owned Indian bike unit plans to expand capacity to meet robust demand in a market that is growing about 20 percent annually, a company official said on Wednesday. “We are doing an internal study on a second plant,” said Shinji Aoyama, president and chief executive of Honda Motorcycle & Scooter […]
Driven by strong volumes of the Pulsar and Discover, Bajaj Auto, India’s second largest two-wheeler maker, has reported a 112% rise in
motorcycle sales in January to 2.33 lakh units, compared to 1.09 units a year ago.
Total sales of two and three wheelers doubled to 2.7 lakh units, while exports jumped by 33% to 71,695 units.
Bajaj […]
Two-wheeler manufacturer TVS Motor Company Ltd has opened the New Year on a positive note reporting 34 per cent increase in sales last
month.
The company sold 125,578 units last month against 93,729 units in the corresponding period of the previous year.
The cumulative sales for the period April 2009 to January 2010 is 1,234,632 units against 1,100,453 […]