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Hero MotoCorp s shares rose 3.8% to touch a new all-time high of ₹4,760 apiece after the company posted healthy sales figures for January. The stock finished nine out of the last ten months in positive territory, with November standing as the highest monthly gain of 23.66%. ....
Hero MotoCorp reported a significant sales milestone for January, with 433,598 units sold, reflecting a 22% growth compared to January 2023. Domestic sales came in at 420,934 units, while exports stood at 12,664 units. ....
E-2W Subsidy: Among the suggestions made to the government for the revival of the subsidy scheme beyond March 31, 2024, is a small but meaningful subsidy (say INR5000/kwh) pushed directly to customers as Direct Benefit Transfer (DBT) on Aadhar/UPI stack. This can be easily claimed by the customer via a single window portal just by uploading the registration number and invoice copy. DBT as a mode of subsidy transfer is already successful for much bigger government schemes. ....
Policy & Industry News: The two-wheeler industry clocked an all-time high sales figure last month, while the Indian Auto Retail Industry recorded an overall sale of 28.54 lak ....