Tractor and construction machinery major Escorts Kubota in February2024 sold 6,481 tractors as against 7,811 tractors sold in February 2023. Domestic tractor sales in February 2024 were at 6,041 tractors as against 7,245 tractors sold in February 2023. Tractor sales dipped this month due to the continuing impact of uneven monsoon coupled with insufficient rainfall… Continue reading Escorts Kubota sells 6,041 tractors in February
Category: US Motoring Press
Hero MotoCorp’s February despatches up 19% YoY at 4.68 lakh units
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 468,410 units in February 2024, translating to a 19% growth over the corresponding month (February 2023), when it had sold 394,460 units. The volumes in the month of February indicate the continuously improving consumer sentiments and the company expects the positive trend to continue… Continue reading Hero MotoCorp’s February despatches up 19% YoY at 4.68 lakh units
Hero MotoCorp’s February despatches up 19% YoY at 4.68 lakh units
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 468,410 units in February 2024, translating to a 19% growth over the corresponding month (February 2023), when it had sold 394,460 units. The volumes in the month of February indicate the continuously improving consumer sentiments and the company expects the positive trend to continue… Continue reading Hero MotoCorp’s February despatches up 19% YoY at 4.68 lakh units
Honda Motorcycle & Scooter India’s February sales jump 86% YoY on low base
The Japanese two-wheeler maker dispatched a total of 458,711 units in the month, compared with 247,195 units in the same month a year ago. Honda Motorcycle & Scooter India saw its wholesale jump 86% on a year-on-year basis in February with strong growth numbers in domestic sales and exports. The growth figure can be attributed… Continue reading Honda Motorcycle & Scooter India’s February sales jump 86% YoY on low base
Moderate revenue growth expected for CV makers next fiscal: CRISIL
Commercial vehicle (CV) makers are anticipated to experience a moderation in revenue growth to 5-7% year-on-year in the upcoming fiscal year. This follows an estimated around 9% increase in revenue for the current fiscal year. The growth is expected to be driven primarily by price hikes, as volume growth is forecasted to be modest for… Continue reading Moderate revenue growth expected for CV makers next fiscal: CRISIL
Honda Cars India sales grow 17% in February to 7,142 units
Honda Cars India (HCIL) registered monthly domestic sales of 7,142 units in February, recording a 17 percent year-on-year growth, compared to 6,086 units clocked in February 2023. The company says its latest entrant – Elevate – in India’s mid-size SUV segment has been maintaining a strong demand from buyers. “Our performance in February has been… Continue reading Honda Cars India sales grow 17% in February to 7,142 units
Maruti Suzuki sells 160,271 PVs in February, UVs contribute 38%
That India Passenger Vehicle Inc will scale a new high in FY2024 is a given, what with the market leader Maruti Suzuki India firing on all cylinders. The company has reported wholesale despatches of 160,271 units in February 2024, which is a 9% year-on-year increase (February 2023: 147,467 units) but down 3.91% month on month… Continue reading Maruti Suzuki sells 160,271 PVs in February, UVs contribute 38%
IntrCity secures over Rs 37 crore in Series C funding led by Mirabilis Investment Trust
IntrCity, an inter-city mobility platform, offering both train and bus services, has secured Rs 37 crore in Series C funding, led by Mirabilis Investment Trust. The funding also saw participation from existing investors – Nandan Nilekani’s family trust (NRJN), Omidyar Network India and US-based Ujamaa Ventures. Post turning Ebitda profitable, IntrCity will strategically utilise the recently… Continue reading IntrCity secures over Rs 37 crore in Series C funding led by Mirabilis Investment Trust
TVS Motor total sales climb 33% YoY in February
The company despatched a total of 368,424 vehicles, including two-wheelers and three-wheelers, in February, against 276,150 units in the year-ago period. TVS Motor Co posted a healthy growth of 33% on year in its total volumes during February on the back of strong two-wheeler sales both in the domestic and export markets. The company despatched… Continue reading TVS Motor total sales climb 33% YoY in February
Oshkosh Corporation invests in AI powered battery management software firm Eatron Technologies
Oshkosh Corporation, an innovator of purpose-built vehicles and equipment, has invested in Eatron Technologies, an AI-powered Battery Management Software firm. Oshkosh’s investment in Eatron supports its vision to leverage advanced analytics and predictive modeling for lithium-ion batteries to manage its wide range of electric vehicles. “The investment in Eatron Technologies is part of our… Continue reading Oshkosh Corporation invests in AI powered battery management software firm Eatron Technologies