Two Wheelers News Today

Children of all ages gathered at The Hub in downtown Goldsboro for what could only be described as the best possible way to usher in summer — getting a bike.

The Saudi Arabia tire market size reached 22.6 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 25.5 Million Units by 2032, exhibiting a growth rate (CAGR) of 1.26% during 2024-2032.

Namdev Finvest, a non-banking financial company specializing in small business lending, reported significant growth in its assets under management (AUM), which nearly doubled to over Rs 1,200 crore during the fiscal year 2023-24. The Jaipur-based company witnessed a remarkable 92.62 percent increase in AUM, reaching Rs 410 crore in net worth. Operating across eight states in northwest India, Namdev Finvest expanded its presence and received funding totaling USD 41.5 million, including a recent U...

Electric Vehicles: The report detailed that electric two-wheelers (E2Ws) constituted over 55% of the annual EV sales, totaling 41,35,077 units by the end of FY2024. The passenger electric three-wheeler (E3W P) followed with approximately a 32% market share.

​I think it will be good to have a bit of caution having seen such a massive gain and also we should be watching out for the companies which are delivering very solid numbers to have a slightly better understanding of what could growth look like over the next quarters. I think it is a good time to kind of have a detailed look at the numbers, growth and valuations.

​We expect the markets to be growing at about 7% to 8% in the coming year with the upper half of the industry growing at perhaps 2-3% points more and the bottom half growing at 2-3% points less than the average of 7% to 8%.

Gumla: Three youths were killed after the two-wheelers they were riding collided near Hatinghodo village under Bano police station of Simdega district.

Despite rising commodity prices and the increase in vehicle costs, factors like improved supply of semiconductor chips and strong economic growth for FY24 resulted in higher vehicle offtake, as per SIAM.

In January-March, two-wheeler exports grew 30.6% year-on-year to 915,507 units, data released by automotive industry body Society of Indian Automobile Manufacturers (SIAM) showed.

Indian EV Sales In 2023: The electric two-wheeler market also saw a substantial increase, with sales growing by 13% to nearly 18 million units, accounting for just under 6% of total two-wheeler sales. This uptick is driven by the escalating fuel prices and the introduction of more electric models, offering a cost-effective alternative to traditional gasoline-powered vehicles.