Author
The author is Senior Correspondent with BW Businessworld
The new scooter will play a very strategic part for Honda to drive scooterisation in rural India where 100-110cc powered motorcycle is the first choice of buyers.
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While smaller segment car makers are offering substantial discounts, luxury car makers are offering massive ones. Some to the tune of 7-8 lakhs. All because of the expected GST rollout.
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Scooter sales have primarily come from Japanese two wheeler maker Honda whose sales grew by a whopping 24 per cent at 334,165 units in May 2017 over 268,429 units in May 2016.
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During the month of May, major manufacturers posted double digit decline in sales. Tata Motors' CV domestic sales were down 13 percent at 23,606 units in May and the company said market continues to remain weak and demand has still not picked up.
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Apart from GST, the carmaker will be banking on new launches to boost sales. JLR has announced as much as 10 launches this year, significant ones being the new Discovery and Velar.
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On improving its market presence in the Indian market, Nissan said that it will launch 8 cars in the next 4 years. Four of them is likely to come from the sub-brand Datsun.
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M&M will launch one brand new platform during this year, apart from other two or three launches
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Aiming to cut down fuel import cost and pollution level, power minister Piyush Goyal earlier said that a robust policy for the promotion of e-vehicles is in the pipeline
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How Bajaj Auto always manages to stay ahead of the curve when it comes to profits
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Isuzu Motors, one of the latest players to enter the domestic passenger vehicle market, on Thursday launched its Make in India SUV MU-X to take on established players like Toyota Fortuner and Ford Endeavour
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