Honda topples Hero to become India’s biggest 2-wheeler maker
Honda sold 3.33 lakh scooters and motorcycles in September, cornering 27.73% market share.
Honda sold 3.33 lakh scooters and motorcycles in September, cornering 27.73% market share.
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.
The divergence between affluent and broad-based household demand persists, says UBS.
Several automakers on Monday announced their plans to raise prices by January 2024.
During the quarter under review, the revenue from operations stood at ₹10,777 crore, up 6%, as against ₹10,203 crore in the corresponding period of the previous year.
The auto market showed consistent demand for luxury cars and SUVs, signifying a robust consumer appetite for premium segments, says FADA.
In comparison to pre-COVID levels, the overall auto retail marked a marginal decrease of 3%, with 2W as the sole laggard
Entry-level PVs have fewer buyers, suggesting that customers at the bottom of the pyramid are still hesitant to upgrade from two-wheelers to four-wheelers, says FADA.
SIAM data shows auto companies sold 2,76,231 PV units in November 2022, a growth of 28.1%. It’s 32% if Tata Motors’ numbers are added.
While passenger vehicle sales declined 5% year-on-year in July, the two-wheeler segment witnessed an 11% drop in sales last month.