2W Sales

February's wholesale numbers for domestic auto companies are anticipated to show double-digit growth, led by strong demand and new vehicle launches. Major OEMs like Mahindra & Mahindra and Tata Motors expected to see significant sales boosts.

In November, Motilal Oswal expects double-digit growth in wholesale numbers across various vehicle segments. Royal Enfield and TVS Motor are projected to lead in two-wheelers, while Mahindra & Mahindra is expected to drive growth in passenger vehicles amid a recovering market.

Ather Energy plans to expand its retail network to 700 Experience Centers in India by FY26, nearly doubling its footprint. The growth is driven by the success of the Rizta scooter, which has attracted new family buyers and increased sales significantly across key states.

Indian auto wholesale figures were mixed in May, with modest growth in PVs and strong demand for two-wheelers. Major manufacturers faced sales declines, particularly in small cars. Despite flat commercial vehicle volumes, some optimism exists for future growth driven by government spending

Bajaj Auto shares jumped by 2.5% to ₹8,765 in Wednesday's trade after a brief decline. Despite a 13.5% rise since May 8, analysts predict limited growth due to low volume. The stock is still 33% below its all-time high, with results set to release on May 29.

Hero MotoCorp reported a 6.4% year-on-year increase in consolidated net profit to ₹1,081 crore for the March quarter, surpassing estimates. Revenue from operations also exceeded expectations at ₹9,939 crore, compared to the forecast of ₹9,705 crore.

TVS Motor Company reported a 76% increase in standalone net profit to ₹852.12 crore for the March quarter. Revenue grew 17% to ₹9,550 crore, while operating EBITDA reached a record ₹1,333 crore. For FY25, PAT stood at ₹2,711 crore, up from ₹2,083 crore.

TVS Motor Company declared a ₹10 interim dividend per share for FY 2024-25, with March 26 set as the record date. The company's shares ended today's trading session with a 1.17% gain at ₹2,346 per share, extending their winning streak for the fourth consecutive session.

Hero MotoCorp shares rose 2% to ₹3,564 after a four-day decline, but remain down 43% from their peak. The company faces challenges from rising competition and a market share decline, but analysts remain confident in the company's growth revival.

Ola Electric Mobility's shares rebounded on January 14, reaching ₹73.46, a 4.61% increase after a three-day decline. The company faced selling pressure due to negative news and regulatory warnings, but it also reported record sales, expanding its store network significantly.