India's two-wheeler industry is bracing itself for a challenging April-June quarter.
With fuel prices on the rise coupled with cost increases over the last few years following regulatory requirements, cost of ownership has become a huge issue for buyers in the entry-level segment. Registration numbers reflect the pain - they were down four percent year-on-year in March and a steep 37 percent compared with FY20.
For the full year that ended on March 31, sales advanced four per cent but when compared to FY20 the fall is a whopping 29 per cent. "I once again urge all 2W OEMS to introduce special schemes to uplift the morale of this segment to boost sales," Vinkesh Gulati, president, FADA, said.
There could be some sliver of hope in the entry-level space. "This segment is likely to grow in excess of 20-25 per cent as compared to April 2021. This is because the wedding season will push demand" said a Western Uttar Pradesh dealer of Hero MotoCorp.
"Festivals along with marriages will push ridership demand in the entry level commuter segment by 25-30 per cent in the short term," agreed Harshwardhan Sharma, head-auto retail practice at Nomura Research.
CRISIL expects demand for entry level motorcycles and scooters to recover faster than executive and premium segments in Q1 of FY23 with the reopening of educational institutions and offices.
Sales of economy motorcycles (<110cc) declined only six percent in FY22 (Apr-Feb 22) as compared to 13 percent and 14 percent decline for executive (110-150cc) and premium (>150cc) motorcycle segments. For now, the growth forecasts are confined to the first quarter of FY23 since soaring petrol prices are expected to be the dampener going forward.
هذه القصة مأخوذة من طبعة 15th April 2022 من Autocar Professional.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 15th April 2022 من Autocar Professional.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Spain's Fersa Group invests in India-based Delux Bearings
Besides theRs100 croreinvestment, the Indian company gets access toadvanced technologies and bearings with arange of applications that willhelpinits global growth strategy, writes Manobhava Baruah.
Tata Autocomp to open compact dual-clutch transmission plant
Amidthe country’s growing need for personal mobility with easy manoeuvrability, comes the demand for vehicles with automatic transmission. Tata AutoCompisready tomovein writes Shruti Mishra.
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
The company willinvest Rs1,500 crore over thenextthree years andit expects 60 percent ofits turnover to come fromelectric vehicle parts. Itaims to becomea Global EV Solutions Company from India
New age thermoplastics for next-generation EV batteries
Saudi-based global materials major SABIChas developed cutting edgein fire-resistant polymers and flame-retardant materials that comply with various EV battery safety standards across the world.
Switch Mobility to meet growing e-bus demand with fresh capex
Oncourse for abillion-dollar business, the company is exploringa possibility of operating satellite factories across the country to serve different geographies, write ShahkarAbidi and Ketan Thakkar.
Kia India to invest Rs 2,000 crore in EVS, to introduce new e-RV in 2025
New investmentto drive R&D, infrastructure development and manufacturing capabilities. The company willlocally produce EVsin India with possibility of exports as well, writes Mayank Dhingra.
"The government has given enough time for indigenisation but the industry has not taken it seriously"
Amitabh Saran, Founder and CEO, Altigreen, shares his views on problems inthe EV industry and battery localisation solutions with Amit Vijay M.
TATA MOTORS SEES ONE INTWO CARS SOLDAS EVS BY 2030
The company aims to offer wider choices withnew EVs that may straddle a pricebracket of Rs20to 40lakhinthe coming years, writes Ketan Thakkar.
MG Motor India in expansion drive, to invest $100 million
The investment willbe usedtoramp up existing production capacity from1.2to1.4-15lakh units per annum atthe automaker's Halol plantin Gujarat, writes Ketan Thakkar.
"Technology and its multiplier effect are driving business transformations and customer experiences"
Technical Centre India is one of Continental’s largest research and development centres in the world, andasa Centre of Competence’ it also develops customised products for the BRIC countries.