India Business News: Hero MotoCorp plans to collaborate with Zero Motorcycles to launch premium zero-emission motorcycles priced at Rs 4-5 lakh. The company is also expand
Hero, Honda, and TVS in the petrol models and TVS, Yulu and Ather in the EV models were the most popular bike brands that delivery partners used this year. - Top 15 Most Popular Bikes And Scooters Used By Delivery Riders In 2023
Tyre maker CEAT Ltd is entering the steel radial tyres for two-wheelers market to enhance its leadership position and premiumise the brand. The company launched a new premium range of two-wheeler steel radial tyres, targeting both aftermarket and OEM segments. CEAT s CEO Arnab Banerjee highlighted the emerging trend of solo and group biking, off-roading, and adventure biking. The steel radial tyres segment currently accounts for 3% of the overall two-wheeler market but is expected to gain saliency. CEAT aims to have a pole position in the segment and grow with the industry.
Demand in this segment has been impressively strong and relatively price inelastic. An EV charge led by luxury cars could reset broad aspirations and hasten mass-market adoption.
The highways have been developed as high-speed corridors and the maximum speed limits for motor vehicles of various descriptions for the highways have been fixed as per relevant notifications.