Nearly 40,000 motorists in Mumbai were fined for traffic violations on June 4 as part of a special 12-hour drive. The majority of instances, 10,338 in total, were for two-wheelers or riding without helmets during the drive, which took place from 9 a.m. to 9 p.m. on June 3. Illegal parking, needless honking, vehicles parked near railway stations, wrong-side driving, silencer modification, overspeeding, and food delivery vehicles were all… read-more
Courtesy: Zee news
The Insurance Regulatory and Development Authority (IRDAI) has stated that third-party insurance premiums would be increased beginning June 1. The increase in the premium impacts the on-road pricing of new and old vehicles. The increase in insurance premiums will only affect motorbikes with displacements greater than 150 cc. Third-party insurance prices for new registrations of automobiles with displacements ranging from 1000 cc to 1500 cc… read-more
Courtesy: Zee News
Two-wheeler manufacturer Hero MotoCorp has suffered a 50.83% decline in its month-on-month sales in May 2021 due to COVID-19. The company has reportedly sold 1,83,044 vehicles in May 2021 as compared to the sales of 3,72,285 units in April. The company said that the sales have declined primarily due to regional lockdowns, causing temporary closure of manufacturing plants in different regions.
Courtesy: Car and Bike
Leading two-wheeler company Hero MotoCorp will raise the prices of its motorcycles and scooters, starting April 1. Owing to the escalating input costs, Hero intends to counterbalance the ramifications of these expenses on the company through the new decision. It said that while the price hike quota remains unclear, it will be market and model specific, increasing up to Rs 2,500. Earlier, Honda, Maruti Suzuki, Nissan and Datsun had announced… read-more
Courtesy: Business Today
Bike rental startup Bounce is on liquidation route, selling all its two-wheelers at Hyderabad's Bharat Nagar Metro Station, besides downsizing by 80%. The pandemic and grim economic state have pushed the company towards the decision. Previously appraised at $450mn, Bounce's revenues sank from Rs 8-10Cr/month to Rs 1Cr/month, driving layoffs as the workforce has declined from 600 to 70. However, Bounce has granted a three-month severance… read-more
Hero MotoCorp has announced to increase the prices of its vehicles by up to Rs 1,500 from January 1, 2021. The increase in the price was attributed to the rising input costs. However, Hero has geared upon its Leap-2 umbrella saving program to lessen the burden on buyers and also protect their margins. Earlier, Maruti Suzuki, Ford and Mahindra had announced to increase the prices of their various models in India.