NEW DELHI: The country’s second largest two-wheeler manufacturer, Bajaj Auto Ltd, Monday said it has registered a five percent hike in motorcycle sales in August despite rising input costs and soaring inflation.
The company’s sales in August stood at 175,274 units, compared to 167,483 units in the corresponding month last year, an official statement said.
Total two-wheeler sales during the month was up four percent at 176,631 units, as against 170,203 units in the corresponding month last year.
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NEW DELHI: Country’s largest two-wheeler maker Hero Honda today reported a 26.84 per cent jump in its domestic sales in August at 3,05,516 units, against 2,40,875 units in the corresponding month last year.
The cumulative sales for the April-August period this year stood at 14,81,077 units, compared with 12,44,919 units in the corresponding period last year, reflecting a 18.97 per cent growth, the company said in a statement.
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NEW DELHI: Honda Motorcycles and Scooters India, the country’s largest scooter manufacturer, today reported a 12.84 per cent increase in its total sales at 84,476 units in August, against 74,863 units in the same month last year.
Motorcycles sales rose by 32.87 per cent to 30,454 units in the month, compared to 22,920 units in the corresponding month in 2007, HMSI said in a statement.
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CHENNAI: Two-wheeler manufacturer TVS Motor Co has logged 11 per cent volume growth in August 2008, selling 114,321 units against 102,734 units in the corresponding period last year.
During the month under review, TVS sold 52,304 motorcycles compared to 46,235 units in August 2007, registering a growth of 13 per cent.
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NEW DELHI: It’s going to be a tough ride for Bajaj Auto, one of the oldest two-wheeler makers of the country. While the company has drawn up an ambitious plan to roll out a Tata Nano-type low-cost car, for time being, it needs to fight out a constant erosion of market share in bread-and-butter motorcycle segment.
And it’s a matter of concern for Bajaj Auto, considering the fact that bigger rival Hero Honda is gaining ground.
Bajaj, which at one time was closing in on Hero Honda, has seen its grip on the bike market going down by close to 6% in just 15 months. Its share slipped to 28.7% at the end of 2007-08 and further down to 26% at the end of the first quarter (April-June) of 2008-09, from 31.7% in 2006-07.
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WASHINGTON: A motorcycle that is powered by compressed air has been developed by researchers at the National Central University in Taiwan.
Yu-Ta Shen and Yean-Ren Hwang, the researchers behind this discovery, say that such motorcycles may prove very helpful in fighting air pollution.
They have revealed that the current prototype can hold a little more than two and a half gallons of compressed air, which would carry the bike and driver about three-quarters of a mile.
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BANGALORE : Bangalore-based EKO Vehicle Private Limited is all set to launch its second product, EV 60 electric scooter, and said it would commence export of battery-operated two-wheelers to the US market from January.
The pollution-free EV 60 is priced at Rs 39,600 and slated for launch next month, the company’s Chairman Anil Ananthakrishna told reporters here.
Set up in January 2005, the company has so far sold more than 15,000 units of its first product under the brandname Cosmic and Velociti. “We have orders to deliver (another) 100,000 units”.
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CHANDIGARH: Bike maker Hero Electric has decided to foray into overseas market starting with exports of e-bikes to SAARC countries this year and also plans to set up a new greenfield assembly unit.
“We have plans to export 4,000-5,000 units of bikes this year to SAARC countries to tap overseas markets,” Hero Electric Managing Director Naveen Munjal said here.
Stating that the company would have exclusive dealers in the neighbouring countries for its exports project, he said, “Initially export will account for 15-16 per cent of total sales.”
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