The reimposition of restrictions due to the rise in Covid cases is expected to impact demand for automobiles, especially for passenger vehicles and two-wheeler, according to ratings agency Acuite.
Tag: two-wheeler
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Piaggio India launches re-designed Aprilia SR 160 range
The new Aprilia SR 160 will be available at a price of Rs 117,494 Ex showroom Pune and Aprilia SR 125 priced at Rs 107,595 Ex showroom Pune. It can be booked for an initial amount of Rs 5000.
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FADA predicts dull festive season for auto sector due to chip shortage
OEMs are struggling to supply adequate vehicles to dealers. FADA’s outlook remains a mixed bag with PVs witnessing demand-supply mismatch and the 2W segment facing a demand crunch.
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Royal Enfield appoints B Govindarajan as Executive Dir; Vinod Dasari resigns
Vinod K Dasari resigns as CEO of Royal Enfield and Director (Whole Time) of Eicher Motors from August 13, 2021. Eicher Motors reports Rs 2.37 billion as net profit for the quarter ended June 30, 2021.
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ANAND Group and Mando Corporation form JV for motor and controller for EVs
The new JV company with a capital investment of Rs 500 million will be called ANAND Mando eMobility. ANAND Group will hold the majority stake of 60% in the JV while Mando Corporations will have 40%.
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MRF developing raw materials as part of its import substitution initiative
The company will develop raw materials like sulphur, butyl rubber, microcrystalline wax, and tackifier resin. It will jointly do it with domestic sources as part of its import substitution initiative.
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TVS Motor Company plans to invest Rs 10 billion in electric vehicles
TVS is working on 5-25kW two- and three-wheelers portfolio and will launch them within two years. It aims to have EVs in delivery, commuter premium, high-performance sports and electric three-wheelers.
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Zypp Electric launches IoT- enabled electric scooter
Zypp Electric, an EV-based startup in the last-mile delivery segment, has announced the launch of a new electric cargo two-wheeler for last-mile delivery.
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Bajaj Auto reduces price of Dominar 250 to increase demand
Bajaj Auto announced a price of Rs 1,54,176 for its Dominar 250, which now costs INR 16,800 less. The newly announced price is expected to grow the franchise further.
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Two-wheeler sales to improve due to personal mobility needs: ICRA
The prices of entry-level two-wheelers are likely to be impacted due to the sustained increase in commodity prices. Most automakers have resumed operations from the middle of May as infections started to drop.