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Tag: two wheeler

  • Two-Wheeler Industry To Sustain Steady Volume Growth Rate Of Up To 9 Pc In FY25: Report | Markets News

    New Delhi: The Two-wheeler industry is expected to sustain a steady volume growth rate of around 7 to 9 per cent in FY25, considering both domestic and export markets, a new report said on Monday.

    The growth in FY25 is expected to be driven by higher electric vehicle (EV) sales supported by the government’s Electric Mobility Promotion Scheme (EMPS) 2024, according to the knowledge-based analytical group CareEdge Ratings.

    “Post-covid, sales volume of two-wheelers had consistently declined during FY20, FY21 & FY22 before starting to recover from FY23, with sales momentum continuing in FY24 as well,” said Hardik Shah, Director at CareEdge Ratings.

    In FY23, the two-wheeler industry recorded sales of 19.51 million units, an 8 per cent growth compared to the previous fiscal year’s 18.01 million units. In FY24, the industry continued its upward trajectory, achieving 9.8 per cent growth with a total sales volume of 21.43 million units.

    However, this was short of the peak sales volume recorded in FY19 when annual sales volume had reached 24.46 million units, according to the report. During FY24, the domestic two-wheeler industry witnessed a total sales volume of 17.97 million units, reflecting a growth rate of 13 per cent, while the export volume experienced a decline of 5 per cent though recovered from FY23.

    The overall volume growth in FY23 and FY24 was supported by the increasing demand for EVs. In FY23, EV sales reached about 0.73 million units, accounting for 4.54 per cent of total two-wheeler sales, reflecting a remarkable year-on-year growth of 188 per cent. Continuing the positive trend, EV sales grew by around 30 per cent in FY24 surpassing volume of 0.94 million units.

    Segment-wise, motorcycles have dominated the market, contributing to the majority of the two-wheeler sales -while sales volumes of motorcycles grew by 8 per cent in FY24 that of scooters grew by 13 per cent during the year, the report mentioned.

    This segment-wise growth trend is expected to continue in FY25.

  • Indian Motorcycle Unveils Exquisite Roadmaster Elite: Check Full Details | auto news

    Indian Motorcycle, renowned for its legacy of crafting exceptional rides, has pulled the veil off its latest masterpiece – the Roadmaster Elite. This limited edition marvel, based on the Roadmaster platform, promises to redefine luxury touring in the motorcycle realm. With only 350 units slated for production worldwide, the Roadmaster Elite exudes exclusivity and sophistication.

    Aesthetics and Design

    The Roadmaster Elite boasts a captivating tri-tone paint scheme, featuring Indian’s signature Red Candy, Dark Indian Motorcycle Red Candy, and Black Candy. This distinctive palette, coupled with exclusive badges, ensures the Roadmaster Elite commands attention while retaining its classic appeal. From its iconic round headlight to the expansive fairing, every aspect of the design exudes elegance and style.

    Roadmaster Elite Features

    Indulging riders in unmatched comfort, the Roadmaster Elite is adorned with premium features and meticulous attention to detail. Polished footrests, a gloss black dash, and color-matched stitching on the seat elevate the aesthetics. Furthermore, the inclusion of a tinted windscreen enhances both style and functionality, catering to the discerning rider’s every need.

    Equipped with top-of-the-line components, the Roadmaster Elite promises a superior riding experience. LED headlights illuminate the path ahead, while 10-spoke alloy wheels ensure stability and performance. The heated and cooled seats guarantee comfort in diverse weather conditions, while the 7-inch touchscreen display, accompanied by a 12-speaker audio system, provides entertainment on the go. Additionally, saddlebags offer ample storage space, making long journeys a breeze.

    Roadmaster Elite Specifications

    The Roadmaster Elite consists of an impressive 1890cc, air and oil-cooled V-Twin engine. Generating 118bhp and 170Nm of torque, this powerhouse mated to a 6-speed gearbox, ensures thrilling acceleration and effortless cruising. It is paired with telescopic front forks, a mono-shock at the rear, and disc brakes on both ends. With its striking design, premium features, and unmatched performance, it sets a new standard in the realm of two-wheeled extravagance.