Economy

Two-wheelers not luxury, tax cut needed to spur demand: Honda Motorcycle and Scooter India

Two-wheelers are a necessity and not luxury in the current Indian context and taxes on these vehicles must be reduced as the industry is staring at a single-digit growth next fiscal with affordability becoming an issue, according to a senior executive of Honda Motorcycle and Scooter India. There is also a requirement for income tax […]

India to be key challenge as Honda, Nissan talk merger

NEW DELHI: Japanese companies Honda and Nissan’s plans to merge operations in view of tough business challenges may not only impact their global operations but may prove to be a tough road to navigate in India, especially in view of their independent large production set-ups and presence of Renault of France as an alliance partner […]

Economy

Honda Two-Wheelers, Suzuki Motorcycle, shine in sales in October

Honda Motorcycle & Scooter India (HMSI) on Tuesday said its domestic wholesales (dispatches to dealers) grew by around 20 per cent year-on-year (YoY) to 5,53,120 units in October, as compared with 4,62,747 units in the same month last year. HMSI has achieved the remarkable feat of one-crore cumulative two-wheeler sales in Uttar Pradesh, Madhya Pradesh, […]