Royal Enfield has recorded a marginal 2.67 percent year-on-year (Y-o-Y) increase in its sales at 84,435 motorcycles in October 2023 as against 82,235 motorcycles sold during the same period in the previous financial year. Sharing the October results B Govindarajan, CEO, Royal Enfield said, “With the recently launched Bullet 350 seeing an encouraging response, we are soon getting ready to… Continue reading Royal Enfield sees 2.67 percent Y-o-Y growth in October 2023
Author: Autocar_Professional India Online News
Hero MotoCorp’s net profit zooms by 47 percent for quarter ended September 2023
Despite a 1 percent year-on-year drop in total sales to 14.17 lakh units in the September quarter, Hero MotoCorp outperformed the market by posting a 47 percent increase in net profit at Rs 1,054 crore, compared to a profit of Rs 716 crore in the same period last year. Hero MotoCorp’s overall net margins increased… Continue reading Hero MotoCorp’s net profit zooms by 47 percent for quarter ended September 2023
JK Tyre to invest Rs 1,025 crore over two years for capacity expansion
JK Tyre & Industries, a leading tyre manufacturer for the auto sector, is looking to invest Rs 1,025 crore over as part of its capacity expansion plan. In a regulatory filing, the company stated that its Board of Directors of JK Tyre & Industries on Wednesday approved the expansion for the enhancement of tyre manufacturing… Continue reading JK Tyre to invest Rs 1,025 crore over two years for capacity expansion
HMSI domestic sales up 9% to 4,62,747 units in October 2023
While the company recorded 9% growth in the domestic market with 4,62,747 units, the exports grew by 29% to 30,137 units in October 2023. Honda Motorcycle and Scooter India (HMSI) Wednesday announced its sales numbers for October 2023. Registering a growth of 10% over October 2022, HIMSI sold a total of 4,92,884 units in the… Continue reading HMSI domestic sales up 9% to 4,62,747 units in October 2023
HMSI domestic sales up 9% to 4,62,747 units in October 2023
While the company recorded 9% growth in the domestic market with 4,62,747 units, the exports grew by 29% to 30,137 units in October 2023. Honda Motorcycle and Scooter India (HMSI) Wednesday announced its sales numbers for October 2023. Registering a growth of 10% over October 2022, HIMSI sold a total of 4,92,884 units in the… Continue reading HMSI domestic sales up 9% to 4,62,747 units in October 2023
‘Hit from Back’ accidents account for 19.5% of road accident fatalities, Govt report reveals
The Ministry of Road Transport and Highways, in its latest report on road accidents, has revealed that the highest number of accidents resulting in fatalities were caused by the ‘Hit from Back’ category, accounting for 19.5 percent of all accident-related deaths. This was closely followed by ‘Hit and Run’ accidents, which accounted for 18.1 percent… Continue reading ‘Hit from Back’ accidents account for 19.5% of road accident fatalities, Govt report reveals
‘Hit from Back’ accidents account for 19.5% of road accident fatalities, Govt report reveals
The Ministry of Road Transport and Highways, in its latest report on road accidents, has revealed that the highest number of accidents resulting in fatalities were caused by the ‘Hit from Back’ category, accounting for 19.5 percent of all accident-related deaths. This was closely followed by ‘Hit and Run’ accidents, which accounted for 18.1 percent… Continue reading ‘Hit from Back’ accidents account for 19.5% of road accident fatalities, Govt report reveals
JK Tyres reports multifold jump in its consolidated net profit to Rs 249 crore during Q2FY24
JK Tyre & Industries on Wednesday reported a multifold jump in its consolidated net profit of Rs 248.62 crore during Q2 FY24, as against Rs 49.61 crore in Q2 FY23. The company’s revenues from operations stood 4% higher at Rs 3905.32 crore during Q2 FY24 as against Rs 3,764.34 crore. Dr. Raghupati Singhania, Chairman and… Continue reading JK Tyres reports multifold jump in its consolidated net profit to Rs 249 crore during Q2FY24
Tata Motors clocks best-ever monthly sales in festive October: 48,637 units
Tata Motors is back in the black in October 2023, after having seen two consecutive months of sales decline in August and September. The company dispatched a total of 48,637 units last month, which constitutes 7% YoY growth (October 2022: 45,423 units). As per Autocar Professional data analytics, October 2023 wholesales are estimated to be… Continue reading Tata Motors clocks best-ever monthly sales in festive October: 48,637 units
One person died every three minutes in road accidents in 2022
At least one Indian died every three minutes in the country, with road accidents claiming 1,55,781 lives and causing injuries to 4,43,366 people during the calendar year 2022, latest data released by MoRTH reveals. This indicates the severity and impact of these incidents on the country’s population, the Ministry of Road Transport and Highways revealed. Comparing the… Continue reading One person died every three minutes in road accidents in 2022