Latest news with #VAHAN
Time of India
4 hours ago
- Automotive
- Time of India
Book HSRP appointment before June 16, else risk denial of key services
Nagpur: Despite repeated directives from the Maharashtra transport commissioner, a majority of vehicle owners in Nagpur are yet to install High Security Registration Plates (HSRP) on vehicles registered before April 1, 2019. Now, the state transport department has warned that vehicle owners who have not fitted the HSRP plates will be denied key services after June 16. Vehicle owners who have booked appointment for HSRP fitment before this date have been exempted. On June 2, transport commissioner Vivek Bhimanwar issued a order directing all Regional Transport Offices (RTOs) in the state to stop processing ownership transfers, address change in registration certificates, hypothecation entries and removals, duplicate RC issuance, vehicle modification entries, and NOCs for vehicles that are not fitted with HSRP. "Only those vehicle owners who have a valid appointment for HSRP installation will be exempted. Renewal of fitness certificates for transport vehicles and registration certificate renewals for private vehicles are currently not included in this restriction," the order stated. HSRP installation was made mandatory under Rule 50 of the Central Motor Vehicle Rules (CMVR), 1989. The new number plates come with unique serial numbers, holograms and are tamper-proof, ensuring better tracking and security. However, several issues are hampering compliance. Many motorists complain about the cumbersome online appointment procedure and a long waiting list at dealer fitment centres. There are also reports of some dealers charging exorbitant fees, despite clear instructions that no additional charges should be levied. Furthermore, in violation of norms, some dealers are affixing the plates using screws instead of the mandatory permanent fixtures. The transport department has also clarified that imitation HSRP plates — those that merely display holograms, the 'IND' mark, or words like 'INDIA'— will not be considered valid unless they are issued by an authorised manufacturer and updated on the VAHAN portal. Owners of such vehicles risk being fined Rs1,000 under Section 177 of the Motor Vehicles Act, 1988. Out of the 16.71 lakh vehicles registered in Nagpur district before April 1, 2019, only around 21.6% are fitted with valid HSRPs. Among the three RTOs in the district, the Nagpur Rural RTO has recorded the highest compliance so far, with 1.20 lakh out of 5.62 lakh vehicles fitted with the new plates. Officials expressed concern over the widespread disregard for the regulation and indicated that there will be strict enforcement of the order after June 16. Vehicle owners who fail to comply risk not just monetary penalties but also being barred from essential vehicle-related services.
Time of India
13 hours ago
- Automotive
- Time of India
Ather Rizta crosses 1 lakh unit sales within a year of launch
Ather Energy , India's leading electric two-wheeler manufacturer, announced that its first family scooter , the Rizta, has crossed the 1 lakh unit sales mark within a year of its launch. Unveiled in April 2024 and made available for purchase from June 2024, the Rizta has received an overwhelming response from family buyers across India, becoming a key growth driver for the company. Rizta- the flagship product of Ather The Rizta now accounts for around 60 per cent of Ather's total sales, underscoring its popularity in the competitive family scooter segment. Ravneet Phokela, Chief Business Officer at Ather Energy, said 'Hitting the 1 lakh milestone with the Rizta is a big moment for us. It's helped us expand our reach, connect with a broader customer base, and significantly grow our market share.' Expanding Reach Across India Following the scale-up of deliveries in Q2 FY25, Ather has seen a significant rise in market share across key states like Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Odisha, and Chhattisgarh. The success of the Rizta has also helped Ather become the #1 electric two-wheeler brand in South India during Q4 FY25, as per VAHAN data. Ather's Growing Product Portfolio The Rizta marks Ather's strategic expansion into a broader consumer segment beyond performance-focused riders, complementing its existing 450 series. The strong retail response reflects India's growing acceptance of EVs for family and everyday commuting needs.
Business Standard
2 days ago
- Automotive
- Business Standard
Hero MotoCorp dispatches 5.08 lakh motorcycle and scooter units in May 2025
Hero MotoCorp said that it has dispatched 507,701 units of motorcycles and scooters during May 2025, which is higher 1.92% as compared with the dispatch figure of 498,123 units recorded in May 2024. Motorcycle sales aggregated to 4,75,164 units (up 0.84% YoY) and Scooter sales added up to 32,537 units (up 20.8% YoY) in May 2025. While domestic sales rose by 2% YoY to 488,997 units, exports increased by 0.2% YoY to 18,704 units in May 2025. The company continued its strong market momentum in the month with 5 lakh VAHAN registrations, underlining a sustained customer preference and demand. The company continued to gain retail market share in May 2025, aided by the positive response for its new products across the motorcycle and scooter categories. VIDA, powered by Hero MotoCorp, continued to deliver growth with dispatches of 8,361 units and 7,161 VAHAN registrations for the VIDA V2 electric scooter range. VIDA achieved a VAHAN market share of 7.2% indicating sustained progress. Hero MotoCorp's global retail performance also showed robust momentum, particularly in Bangladesh and Colombia. Exports maintained a steady trajectory, with growth anticipated in the near future underscoring increasing demand for the company's offerings in key geographies. The company continued its strategic expansion in the premium segment by further expanding the Premia outlets, its premium retail network, reaching over 100 locations across the country. Hero MotoCorp is the worlds largest manufacturer of motorcycles and scooters, with a global footprint spanning 48 countries across Asia, Africa and Latin America. It has collaborations with Harley-Davidson and Zero Motorcycles and strategic investments in Ather Energy and Euler Motors. The companys standalone net profit increased 6.39% to Rs 1,080.94 crore on a 4.41% jump in revenue from operations to Rs 9,938.65 crore in Q4 FY25 over Q4 FY24. The scrip slipped 2.27% to currently trade at Rs 4209 on the BSE.
Time of India
2 days ago
- Automotive
- Time of India
Hero MotoCorp dispatches 5.08 lakh units in May 2025
Hero MotoCorp reported dispatches of 5.08 lakh motorcycles and scooters in May 2025, marking both sequential and year-on-year growth. The company also recorded around 5 lakh registrations on the VAHAN portal during the month, reflecting continued demand across its product portfolio. In the electric mobility segment, the company's VIDA brand dispatched 8,361 units of its V2 electric scooters. VAHAN data showed 7,161 registrations for VIDA scooters, translating to a market share of 7.2 per cent in the electric two-wheeler category. A new electric product under the VIDA brand is scheduled for launch on July 1, 2025. International markets showed steady performance, with the company reporting positive momentum in Bangladesh and Colombia. Exports are expected to grow further, according to Hero MotoCorp, as demand picks up in key regions. The two-wheeler maker also continued its expansion in the premium motorcycle segment , growing its Premia retail network to over 100 outlets across India.
Mint
5 days ago
- Automotive
- Mint
Ola Electric Q4 Results: Net loss more than doubles to ₹870 crore
Ola Electric Q4 Results: Two-wheeler electric vehicle (EV) manufacturer Ola Electric on Thursday, May 29, informed that its consolidated net loss for the January-March (Q4) quarter of the financial year 2024-25 more than doubled to ₹ 870 crore amid a sharp decline in topline. The net loss in the corresponding quarter last year stood at ₹ 416 crore. The revenue from operations tumbled 62% year-on-year (YoY) to ₹ 611 crore during the quarter under review. In the January-March 2024 quarter, the company's revenue stood at ₹ 1,508 crore. The consolidated segment EBITDA loss for the March 2025 quarter was at ₹ 658 crore, a multifold rise over the EBITDA loss of ₹ 269 crore posted in the year-ago period. Meanwhile, the EBITDA margin was down 101.4%. The company expects its gross margins to improve to approximately 35% in Q2 FY26. It also targets the Auto segment EBITDA profitability through FY26. In Q4 FY25, Ola delivered 51,375 units, a decline of 55% over 1,15,386 units in Q4 FY24. Ola has struggled with slowing sales, regulatory pressure and competition from established two-wheeler makers ever since its stock market debut in August 2024. The company is yet to report a profit. For the full financial year, however, Ola claimed, quoting VAHAN data, that it was the market leader, with 3,59,221 units delivered in FY25, as against 3,29,549 units delivered in FY24, on the back of its improved Gen 3 S1 scooter portfolio, capturing a market share of 30%. Commenting on its roadmap for FY26, Ola said it will focus on scaling revenue and operating leverage as it eyes profitability. 'With a robust product roadmap, vertical integration and R&D focus, and strong distribution and service infrastructure, Ola Electric is well-positioned to drive the next phase of EV adoption in India across both scooters and motorcycles,' the company said.
