UM entered the Indian market more than 2 years back and has made its presence felt in the affordable cruiser segment. We spoke to Rajeev Mishra, the CEO of UM Lohia Two Wheelers Pvt. Ltd. as he gives an insight regarding the company’s future plans and a few perceptions which surround UM. Here’s the full interview: xBhp: What are the difficulties that you faced as a start-up? Rajeev Mishra: I think we have gained a lot of ground and yes, as a start-up there are many issues which come up. One of them is that a new company faces the problem of localisation. That is to get into the local market and try to get the local component. There is a cartel and it doesn’t favour the new entrant in the market and that’s why we struggled a lot. Second issue is attracting new talent to a new company. For a start-up getting new talent is also a big challenge. And third, automotive industry is highly competitive. Every manufacturer has created a wall against them and … [Read more...] about #InConversation with Rajeev Mishra, CEO, UM Lohia Two Wheelers Pvt. Ltd.
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Suzuki Motorcycle India Pvt Ltd (SMIPL) unveiled the Burgman Street 125 automatic scooter at the Auto Expo 2018. A new report reveals that this scooter will launch in late-May or early-June this year. Until now, it was being speculated that the Burgman would launch in the current month. However, with only a few days of this month left, there is absolutely no sign of the new offering. Hence, it looks like the latest claim of a May/June launch holds at least some truth. The Burgman Street 125 will be India’s first maxi-scooter. The upcoming scooter will have to rival the likes of TVS NTorq and Aprilia SR 125 in terms of pricing. Internationally, the Burgman is available with bigger engines. While the 125cc motor of the India-spec scooter will be far less powerful than its international counterparts, the scooter will have similar dimensions. The scooter shares many bits with the Gixxer 155/Gixxer SF motorcycle. For example, it gets the same all-LCD instrument console. The … [Read more...] about Suzuki Burgman Street 125 automatic scooter: India launch details revealed
Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) has closed the 2017-2018 financial year on a historic note. They have created a new world record by becoming the first two-wheeler company in the world to add 1 million plus incremental customers in a single fiscal year. Sharing highlights of Honda’s performance in FY’2017-18, Mr. Yadvinder Singh Guleria, Senior Vice President – Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd. said, “2017-18 is the year of rise of Honda in India. Honda 2Wheelers India is the only two-wheeler company in the world to grow at a pace witnessed never before, adding 1 million plus incremental customers in a single year. Led by strong customer demand, Honda has surpassed its most challenging target ever and sales apexed at 6,123,886 units with 22% growth. With 4 brand new models, new capacity infusion, addition of 500 new network outlets increasing our reach to hinterlands, Honda successfully consolidated leadership … [Read more...] about Honda 2wheelers India creates world record in sales
27th February marked a historic day in the History of Honda as Honda Motorcycle and Scooter India Pvt Ltd (HMSI) rolled out their 35th million two wheeler in India. The feat was achieved cumulatively by the four manufacturing plants that HMSI has in India. They have achieved this milestone in just 17 years, which is an industry first. Honda 2Wheelers india started operations in 2001. The start was a bit slow as they took almost 11 years to reach 10 million units (they hit the mark in 2012). But Honda upped their game and added the next 25 million customer’s in just 5 ½ years. And they are still going strong. Honda has a diversified portfolio here in India, with as many as 24 two-wheeler models ranging from 110cc to 1800cc capacity. Rolling out the historic 35thmillion two-wheeler, an ‘Activa 4G’ from Honda’s second plant in Tapukara (Rajasthan), Mr. Minoru Kato – President & CEO, Honda 2Wheelers India said, “Thanks to great support from … [Read more...] about Another Milestone for Honda: 35 million+ two wheelers in India
The Union Budget, presented yesterday by Arun Jaitley, the Finance Minister didn't seem to touch the automotive sector directly at all. But we you shall see soon, it did. The auto sector happens to be too large to be unaffected by changes elsewhere. To wit, the drop is corporate tax should make medium and small industries more profitable. Here is a reaction from Ampere Electric Vehicle Pvt. Ltd.Hemalatha Annamalai, south chapter chief, SMEV and CEO & founder Ampere Electric Vehicle Pvt Ltd." I am sure that simplifications in indirect taxes will ease compliance requirements for the MSMEs and also, electric vehicle companies in India. The budget intends active measures for promotion of rural infrastructure and agricultural for the country and thus, increasing income of rural people. And then, the renewed thrust to MSMEs to the tune of Rs 3,794 crore in the form of capital support and interest subsidy by 2022, will surely help meet the credit demands of many companies. … [Read more...] about Union Budget 2018: High tax (GST) on the EV components still remains a big concern for the industry, Ampere Electric Vehicle Pvt. Ltd.