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.
Bajaj Auto sold 18,933 electric scooters in September, taking over TVS Motor as the second-largest electric two-wheeler player during the month.
The Hero MotoCorp stock hit a low of ₹5,017 on the BSE, taking the company’s market cap to around ₹1 lakh crore.
The IPO of CEO Abhimanyu Munjal-led NBFC is a mix of fresh equities worth ₹2,100 crore and OFS of around ₹1,568 crore.
Hero MotoCorp had filed an appeal against the income tax demand which pertained to re-assessment proceedings.
The budget emphasises employment, skill development, infrastructure, manufacturing, energy, technology, and R&D
"The favour that Hero Honda did to us in 1993, 30 years later we want to return the favour to Hero Honda," says Bajaj Auto managing director Rajiv Bajaj.
The price hike has been necessitated to partially offset the impact of higher input costs, says Hero MotoCorp
Ather Energy, India’s fourth largest electric scooter maker, clocked 6,045 vehicle registrations in May, up 47% compared with 4,117 over the previous month.
Ola Electric, the country's largest electric scooter maker, clocked 37,225 registrations in May, a 9% rise over the previous month when incentives were slashed to ₹10,000 per vehicle.