Honda Bikes And Scooters Two Wheeler Insurance

News About Honda Bikes And Scooters Two Wheeler Insurance

• Hero MotoCorp will hike prices of scooters and motorcycles from 4 January 2022

  Hero MotoCorp has announced a hike in the ex-showroom prices of its scooters and motorcycles. The price revision is expected to be up to Rs.2,000 and will be effective from 4 January 2022. The prices will be hiked based on the model and market.

  On National Stock Exchange (NSE), Hero MotoCorp stock rose 1.88% to Rs.2,393.00 on 23 December. Tata Motors and Maruti Suzuki have also announced an increase in prices. A 2.5% hike will be applicable on all vehicles of Tata Motors.

  27 Dec 2021

• Hero MotoCorp relies on scooters and premium motor bikes to increase sales

  Hero MotoCorp Ltd. is currently betting on its premium motorcycles and 125cc scooters, over entry-level two-wheelers, to support the sales of the company. The sales of the company have not been great due to the general market sentiment coupled with an increase in two-wheeler insurance premium. The minimum personal accident cover for scooters and motorcycles has been increased from Rs.1 lakh to Rs.15 lakh. Also, the Supreme Court asked insurance companies to collect the premium for five years at once. This has led to a significant increase in the insurance premium, which has an impact on two-wheeler sales.

  Hero MotoCorp witnessed a growth of 50% in terms of sales in 125cc bikes. Thus, the share of the 125cc segment in the scooter market is equal to 25% and is expected to increase to 50%. The company is also expected to increase its offerings in the premium motorcycle sector. It will gradually enter the middleweight category as well, which is currently dominated by the prestigious manufacturer, Royal Enfield.

  3 May 2019

• Honda close to reclaim No.1 position

  The Japanese motorcycle manufacturer is just inches away from reclaiming the No.1 position of best two-wheeler seller in the country. Honda is currently in the No.2 position on the list but there is only a difference of 12,134 units between Hero and Honda sales numbers.

  While Hero had a sales of 694,022 units Honda recorded a sales of 621,888 units. It is exactly a year for Honda where it has crossed the 6-lakh units milestone recording a growth of 16.5%. Hero closed the year with 7.5 millions units which is higher than 6.66 million units in FY 17. While Honda closed the year with 6.1 million units which is much above 5.01 million units which was recorded in FY 17 although these number are the overall sales units numbers. It is already known that Hero has set a target of 10 million volume sales by the financial year ending 2020. This means that Honda although is near in monthly sales, has to gear up to beat Hero to become number 1.

  

  11 May 2018

• Hero MotoCorp to invest Rs.2500 cr for new products

   

  Hero MotoCorp which is the world’s largest two wheeler manufacturer is ready to launch at least 5 new products this financial year and is all set to fund at least Rs.2500 crore from its capital fund for all the developments in the next two years.

  The launch will include two-new scooters and 3 motorcycles. Hero Xtreme,Hero Xpulse and a new refreshed 125cc version of Hero Glamour is the most anticipated bikes from this lot. Hero Maestro Edge and Hero Duet scooters will be relaunched with new powerful versions this year. The company dominates in commuter bikes but lacks performance in its premium range offerings. This move may just help the company to further improve its market capital. With just three models that is Splendor, Glamour and HF Deluxe, the company has a market hold of  % in the two-wheeler industry. Honda Motorcycle and Scooter which currently has the best hold in scooter segment is one of the most toughest competitor for Hero in the same segment. With new launches there any be a wave of change for the same.

  

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  10 May 2018

• Honda targets to become No.1 leaving behind Hero MotoCorp

  It is no doubt that Honda Activa series is one of the top selling mopeds in the country and this has helped the company to achieve great targets over the years. But it’s also true that the company’s other products have been performing not so great as compared to its rival Hero MotoCorp.

  But looks like Honda is steadily climbing the ladder to leave behind Hero MotoCorp to reclaim the No.1 position on top bike selling companies in the country. Both the companies are in fierce competition to achieve its target and Hero is pushing hard to hold the No.1 position despite its shortcomings. In the month of April, the sales difference between the two companies are only 12,134 units. Honda has managed to sell 6,81,888 units while Hero sold 6,94,022 units. Though the monthly sales target may seem closer, the annual sales difference is still huge and Hero is clearly a winner there. While Honda can manufacture a capacity of 6.4 units, Hero is capable of manufacturing 9.2 million units. With Honda ready to push Activa with new upgrades, Hero is also launching two new products to keep the numbers going.

  

  9 May 2018

• Hero MotoCorp is the highest bike seller for April 2018

  Not only did the company announce a dividend for all its shareholders, Hero MotoCorp is also one of the top two-wheeler selling company for April 2018 as well. The company managed to make sales of 6,94,022 units for April month.

  With this amount of sales unit, the company has registered a growth of 16.5% compared to the March 2018. The company also launched new e-commerce platform where genuine Hero mechanical parts and accessories can be sold across the country.  To continue holding its position on top, Hero MotoCorp is ready to launch 2 new products into the market soon in the 200cc category with Xtreme 200R and XPluse 200 and both will be one of the most affordable adventure bikes in the country. The company is also targeting towards entering the 250cc-500cc segment which is majorly dominated by Royal Enfield. But the company is currently concentrating on ending this month as well on high notes.

  

  7 May 2018