Latest news with #HondaMotorcycle
Business Standard
23-05-2025
- Automotive
- Business Standard
Belrise Industries IPO subscribed 17.46 times
The offer received bids for 309.06 crore shares as against 17.70 crore shares on offer. The initial public offer of Belrise Industries received bids for 30,906,411,20 shares as against 17,705,8824 shares on offer, according to stock exchange data at 17:30 IST on Friday (23 May 2025). The issue was subscribed 17.46 times. The issue opened for bidding on 21 May 2025 and it will close on 23 May 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof. The promoters and promoter group hold an aggregate of 64,97,26,304 equity shares, aggregating to 99.81% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 73.01%. The objectives of the fresh issue include Rs 1,618.12 crore for the repayment or prepayment of certain outstanding borrowings, with the remaining amount allocated for general corporate purposes. Ahead of the IPO, Belrise Industries on Tuesday, 20 May 2025, raised Rs 644.99 crore from anchor investors. The board allotted 7,16,66,665 shares at Rs 90 each to 27 anchor investors. Belrise Industries specializes in manufacturing automotive components, offering a diverse range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. In addition to core operations, it engaged in overseas trading, focusing on commodities such as metals, lithium-ion batteries, and electronics. This provides valuable insights into commodity data. The company has built and maintained long-standing relationships with a diverse customer base, including leading multinational OEMs such as Bajaj Auto, Honda Motorcycle and Scooter India, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine Indian states, with integrated capabilities across the value chain. The firm reported a consolidated net profit of Rs 245.47 crore and revenue from operations of Rs 6,013.43 crore for the nine months ended on 31 December 2024.
India Gazette
22-05-2025
- Automotive
- India Gazette
Gujarat CM Bhupendra Patel joins celebration of Honda's 50 crore two-wheeler production milestone
Ahmedabad (Gujarat) [India], May 22 (ANI): Gujarat Chief Minister Bhupendra Patel attended the celebrations of Honda Motorcycle Company's milestone of producing 50 crore motorcycles globally and 7 crore in India, held in Vithalapur of Ahmedabad district. According to an official release, Chief Minister Patel said that the Honda Motorcycle Company's accomplishment of producing 50 crore two-wheelers globally and 7 crore in India is a proud achievement and deserves recognition. CM Patel said that around two and a half decades ago, the automobile sector in Gujarat was scarcely discussed and that only after Prime Minister Narendra Modi assumed office as Chief Minister in 2001 did the state foster a robust ecosystem in the automobile industry, alongside progress in other sectors. 'What was once an underdeveloped Mandal-Becharaji-Vitthalapur region has now emerged as a thriving automobile hub, driven by the visionary leadership of the Prime Minister. PM Modi's 'Make in India, Made for the World' mantra has earned India strong recognition in today's global economy. The industries in the Mandal-Becharaji-Vitthalapur auto hub are successfully realising this vision,' said CM Patel. Referring to the Prime Minister's words, the Chief Minister emphasised that, alongside Gross Domestic Product (GDP), development focused on Gross Empowerment of People (GEP) is crucial, and the state government is consistently working towards this objective. He said Gujarat is now emerging as a key hub for growing sectors like manufacturing, semiconductors, green hydrogen, and e-mobility. This advancement will drive job creation and foster the growth of both small and large industries, enabling GEP to surpass its goals. The Chief Minister stated that Japan has been a significant partner in Gujarat's growth since the inaugural Vibrant Gujarat Summit. He announced that with the launch of Honda's fourth plant in Vithalapur, it will become the largest automobile manufacturing facility in the world, generating approximately 1,800 new jobs. Furthermore, this plant is set to become a major exporter. Highlighting the importance of sustainable development amid evolving environmental challenges, the Chief Minister called upon everyone to support the Prime Minister's pledge to achieve zero carbon emissions. On this occasion, Tsutsumu Otani, President and CEO of Honda, announced the launch of the fourth production line at the Honda Motorcycle plant in Vithalapur. He said that this new production line, with a capacity of 6.50 lakh units, will be fully operational by 2027. As a result, the total capacity of the Vithalapur plant will reach 26.10 lakh units, making it the highest-producing plant in the world. Furthermore, this expansion will generate around 1,800 new jobs. He also mentioned that the company is actively working on technologies to increase carbon neutrality and reduce the number of accidents. Minoru Kato, Executive Officer of Honda Motorcycle, shared insights about the company's journey since its inception. He noted that Honda, which began operations in 1948, now manufactures in 23 countries worldwide. Since commencing operations in India in 1984, the company has established four major plants across the country. He highlighted the vital contribution of Indian consumers in achieving the global milestone of producing 50 crore motorcycles. In the presence of the Chief Minister, Honda Company also presented 50 CB-350 model QRT motorcycles to the Gujarat Police as part of its social responsibility initiative. The event was attended by senior officials, including Mamta Verma, Principal Secretary of the Industries Department; P Swaroop, Industries Commissioner; Om Prakash Jat, Superintendent of Police, Ahmedabad district; and numerous senior company executives and employees. (ANI)
Business Standard
22-05-2025
- Automotive
- Business Standard
Belrise Industries IPO subscribed 2.88 times
The offer received bids for 51.08 crore shares as against 17.70 crore shares on offer. The initial public offer of Belrise Industries received bids for 51,08,09,888 shares as against 17,70,58,824 shares on offer, according to stock exchange data at 17:00 IST on Thursday (22 May 2025). The issue was subscribed 2.88 times. The issue opened for bidding on 21 May 2025 and it will close on 23 May 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof. The promoters and promoter group hold an aggregate of 64,97,26,304 equity shares, aggregating to 99.81% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 73.01%. The objectives of the fresh issue include Rs 1,618.12 crore for the repayment or prepayment of certain outstanding borrowings, with the remaining amount allocated for general corporate purposes. Ahead of the IPO, Belrise Industries on Tuesday, 20 May 2025, raised Rs 644.99 crore from anchor investors. The board allotted 7,16,66,665 shares at Rs 90 each to 27 anchor investors. Belrise Industries specializes in manufacturing automotive components, offering a diverse range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. In addition to core operations, it engaged in overseas trading, focusing on commodities such as metals, lithium-ion batteries, and electronics. This provides valuable insights into commodity data. The company has built and maintained long-standing relationships with a diverse customer base, including leading multinational OEMs such as Bajaj Auto, Honda Motorcycle and Scooter India, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine Indian states, with integrated capabilities across the value chain. The firm reported a consolidated net profit of Rs 245.47 crore and revenue from operations of Rs 6,013.43 crore for the nine months ended on 31 December 2024.
Business Standard
21-05-2025
- Automotive
- Business Standard
Belrise Industries IPO subscribed 67%
The offer received bids for 11.80 crore shares as against 17.70 crore shares on offer. The initial public offer of Belrise Industries received bids for 11,80,99,870 shares as against 17,70,58,824 shares on offer, according to stock exchange data at 17:00 IST on 21 May 2025. The issue was subscribed 0.67 times. The issue opened for bidding on 21 May 2025 and it will close on 23 May 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof. The promoters are Shrikant Shankar Badve, Supriya Shrikant Badve and Sumedh Shrikant Badve. The promoters and promoter group hold an aggregate of 64,97,26,304 equity shares, aggregating to 99.81% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 73.01%. The objectives of the fresh issue include Rs 1,618.12 crore for the repayment or pre-payment of certain outstanding borrowings, with the remaining amount allocated for general corporate purposes. Ahead of the IPO, Belrise Industries on Tuesday, 20 May 2025, raised Rs 644.99 crore from anchor investors. The board allotted 7,16,66,665 shares at Rs 90 each to 27 anchor investors. Belrise Industries specializes in manufacturing automotive components, offering a diverse range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. In addition to core operations, it engaged in overseas trading, focusing on commodities such as metals, lithium-ion batteries, and electronics. This provides valuable insights into commodity data. The company has built and maintained long standing relationships with a diverse customer base, including leading multinational OEMs such as Bajaj Auto, Honda Motorcycle and Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine Indian states, with integrated capabilities across the value chain. The firm reported a consolidated net profit of Rs 245.47 crore and revenue from operations of Rs 6,013.43 crore for the nine months ended on 31 December 2024.
Yahoo
19-05-2025
- Automotive
- Yahoo
Horry County motorcycle crash leaves 2 dead
HORRY COUNTY, S.C. (WBTW) — An early morning motorcycle crash left two people dead in Horry County on Monday, the South Carolina Highway Patrol said. Two people were riding on a 2004 Honda Motorcycle at 12:15 a.m. on Towne Centre Parkway near Breakers Drive, about three miles west of Myrtle Beach. The motorcycle was driving east when it went off the left side of the road and hit a curb before hitting a utility box, Sgt. Tyler Tidwell said. Both riders died at the scene. According to Horry County Fire Rescue, the roads were closed for an extended period of time following the crash. No further information was available at the time of this posting. Count on News13 for updates. * * * Jordan White is a Digital Producer at News13. She joined the News13 team in August 2024. Jordan, a Myrtle Beach native, graduated from St. James High School in Murrells Inlet and is a graduate of Coker University. Follow Jordan on Facebook, X, formerly Twitter, and read more of her work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
