Honda Motorcycle and Scooter India (HMSI) has finally bitten the bullet and entered the electric scooter (e-scooter) market, with its main selling point of "trust and reliability," its Director (Sales & Marketing) Yogesh Mathur said on Wednesday.
"The most important point is trust...because there are a lot of pain points currently for the electric vehicle (EV) customer in the market. They are not really happy with the kind of products that are available," he told reporters after HMSI unveiled its first two e-scooters—swappable battery-run Activa E and fixed battery-run QC1—in Bengaluru.
He mentioned that the two-wheeler (2W) industry is expecting lower double-digit volume sales growth in the current financial year (FY25) due to new emission norms coming into effect from April 1, which will lead to price hikes. In FY25 so far, the two-wheeler industry has been observing higher double-digit volume sales growth.
Denne historien er fra November 28, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 28, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Centre readies plan to sell up to 20% in 5 PSBs
Govt may consider both OFS and QIP routes for diluting its stake
RBI Frees Up Bank Capital With NBFC Risk Weight Rollback
With bank loan growth slowing over the past year, the Reserve Bank of India (RBI) has decided to reverse its decision to increase the risk weight of bank loans to non-banking financial companies (NBFCs), which will result in a substantial release of capital for banks.
Delhi lost ₹2K cr due to liquor policy: CAG
A Comptroller and Auditor General (CAG) report, tabled in the Delhi Assembly on Tuesday, has faulted the excise policy introduced by the previous Aam Aadmi Party (AAP) government in 2021 to have caused cumulative losses worth over ₹2,000 crore to the Delhi government.
Capex slows in FY25 but key infra, power players set to benefit
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25.
Nifty nears 2nd-worst losing streak in 30 yrs
Amid the fall, one in every five Nifty stock is more than 28% down over the past five months
Ericsson to help Airtel shift to 5G standalone
Ericsson will be supplying key 5G equipment to telecom operator Bharti Airtel for seamless transition to a commercially live, full-scale 5G Standalone (SA) network over time, the Swedish telecom gear maker said on Tuesday.
Road to Decentralisation
Rural local bodies need to be strengthened
Bitcoin slides below $90K as crypto selloff gathers steam
The Fall
Sebi slaps ₹5 cr fine on ICCL for audit, cybersecurity lapses
The Securities and Exchange Board of India (Sebi) on Tuesday imposed a ₹5.05 crore penalty on Indian Clearing Corporation Ltd (ICCL), a wholly owned BSE subsidiary, for failing to comply with cybersecurity and system audit norms.
Microfinance loan book shrinks 3.5% to ₹3.85 trillion in Dec qtr
The gross loan portfolio in the microfinance segment shrunk by 3.5 percent year-on-year (Y-o-Y) to ₹3.85 trillion during the third quarter of financial year 2025 (Q3FY25) as the period was marked by curtailed funding and strict credit underwriting.
