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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The two-wheeler maker’s claim to have sold over 800,000 vehicles in the month gone by is nowhere close to what its dealers report.
Editor's note: Over 800,000 units sold in October. That’s an impressive number, any which way you look at it. The 1 November announcement, coming as it did from the country's largest two-wheeler maker, Hero MotoCorp Ltd, had a certain gravitas to it. It was immediately taken to mean that the Indian economy, after months of decline in the wake of the nationwide lockdown imposed to curb the spread of COVID-19, was back to firing on all cylinders. The message was further reinforced given the fact that buying a vehicle is still construed as discretionary expenditure, especially in semi-urban and rural parts of the country. The motorcycles and scooters Hero claims to have sold—806,848 to be precise—are the highest ever monthly sales in its history. By way of comparison, the company sold around 6.23 million two-wheelers in the fiscal year ended 31 March, or an average of a little more than 500,000 a month. Given that the bulk of its products are entry-level—meaning they fall in the lowest price bracket among competing brands and are bought by bottom of the pyramid buyers of …
The two-wheeler maker’s claim to have sold over 800,000 vehicles in the month gone by is nowhere close to what its dealers report.
Editor's note: Over 800,000 units sold in October. That’s an impressive number, any which way you look at it. The 1 November announcement, coming as it did from the country's largest two-wheeler maker, Hero MotoCorp Ltd, had a certain gravitas to it. It was immediately taken to mean that the Indian economy, after months of decline in the wake of the nationwide lockdown imposed to curb the spread of COVID-19, was back to firing on all cylinders. The message was further reinforced given the fact that buying a vehicle is still construed as discretionary expenditure, especially in semi-urban and rural parts of the country. The motorcycles and scooters Hero claims to have sold—806,848 to be precise—are the highest ever monthly sales in its history. By way of comparison, the company sold around 6.23 million two-wheelers in the fiscal year ended 31 March, or an average of a little more than 500,000 a month. Given that the bulk of its products are entry-level—meaning they fall in the lowest price bracket among competing brands and are bought by bottom of the pyramid buyers of …
India’s largest two-wheeler maker has seen a stock surge on the back of macro tailwinds, an EV push, a credible export strategy and renewed investor faith. Proving that this rally isn’t just a festive-season fling will be the real test.
From delivery pods to cargo trucks, the country is going all in on self-driving vehicles.
Cheaper, high-tech cars from China have flooded the UAE auto market in the past few years—sometimes entering through the back door.
India’s largest two-wheeler maker has seen a stock surge on the back of macro tailwinds, an EV push, a credible export strategy and renewed investor faith. Proving that this rally isn’t just a festive-season fling will be the real test.
From delivery pods to cargo trucks, the country is going all in on self-driving vehicles.
Cheaper, high-tech cars from China have flooded the UAE auto market in the past few years—sometimes entering through the back door.
