Hyundai: Expect rural sales contribution at record levels this fiscal: Hyundai

NEW DELHI: Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country’s second-largest automaker, which sells models like Creta and Venue, reported 11 per cent growth … Read more

two-wheeler sales: India’s motorcycle and scooter sales likely crossed pre-Covid levels in FY 23-24

Motorcycle and scooter sales in India likely grew in double-digits in the financial year 2023-24, crossing pre-Covid levels, buoyed by sustained revival in demand in both urban and rural markets. Industry estimates show domestic two-wheeler sales rose about 13% to 18.4-18.5 million units in FY24. Petrol-powered models comprised more than 95% of the total sales … Read more

Hero MotoCorp: Hero MotoCorp sees 26% jump in festive rural sales

This festive season was a clear testimony that rural markets are back on the growth track, according to Niranjan Gupta, chief executive officer of Hero MotoCorp, the country’s largest two-wheeler maker that clocks more than half of its sales from rural markets. “Our secondary network, which is primarily based in tier II and III cities … Read more

two-wheeler sales: ET Explainer: Why are two-wheeler sales picking up in rural markets when other categories are under stress?

A sharp rise in two-wheeler prices, along with the economic impact of the pandemic, which hit the incomes of consumers at the lower end of the market the hardest, had led to a steep decline in two-wheeler sales in the country the past few years. Sales of motorcycles, scooters and mopeds, which had hit a … Read more