HEROMOTOCO

June 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S MAY TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,38,854 UNITS

• SIAM - INDIA'S MAY 3-WHEELER SALES 70,720 UNITS

• SIAM - INDIA'S MAY 2-WHEELER SALES 19,02,209 UNITS

• SIAM - LOWER BASE EFFECT OF PREVIOUS MAY, DEMAND CREATED DUE TO REDUCED GST RATES GETTING REFLECTED IN HIGHER OFF-TAKE THIS MONTH

Further company coverage: ASOK.NS

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** Shares of Hero MotoCorp HROM.NS rise as much as 2.7% to 4,966 rupees, last up 1.4%; India's benchmark Nifty 50 index .NSEI up 0.9%

** HROM's CFO Vivek Anand, during fireside chat as part of JP Morgan India Auto CXO series, said margins could be weak in the near term but gradual price hikes and benefits from govt's production linked incentive in EVs should aid improvement going forward

** While HROM stock is attractively valued, investor concerns are centered on continued market-share loss - note

** "Market shift away from motorcycles should continue to be a headwind, but HROM did manage to offset some of this through gains in scooters and EVs in FY26," JP Morgan says

** JP Morgan says co's market share in scooters and EVs would continue to rise in the medium term

** HROM down ~15% YTD vs ~11% fall in NSEI

(Reporting by Vijay Malkar)

(([email protected];))

June 5 (Reuters) - India will start rolling out gasoline blended with 85% ethanol (E85) that will be about 20 rupees per litre cheaper than regular E20 fuel, Oil Minister Hardeep Singh Puri said on Friday.

Indian automakers have started launching flex-fuel vehicles that are compatible with the higher ethanol variant.

• E85 fuel will be cheaper than E20 due to its lower calorific value, Puri said. E20 sells for about 102 rupees ($1.07) per litre in New Delhi.

• India plans to roll out E85 at 50 to 100 fuel stations in 2026, scaling up to around 5,000 outlets by 2027, he added.

• E85 fuel is intended for flex-fuel vehicles, which can operate on gasoline blended with high amounts of ethanol.

• Puri said automakers and automobile industry associations are on board for the launch.

• Automakers such as Maruti Suzuki MRTI.NS and Hero MotoCorp HROM.NS have rolled out flex-fuel compatible variants of their popular WagonR and Splendor models.

• E85 fuel will help cut pollution and reduce the country's reliance on imported oil, Puri said.

• India, the world's third-largest oil importer and consumer, currently sells gasoline blended with 20% ethanol.

• Earlier in April, India proposed allowing higher ethanol blends such as E85 and E100 under vehicle rules.

• The move followed its 2025 achievement of 20% ethanol blending and aims to further reduce reliance on fuel imports.

• The Indian government faced a backlash from motorists after the nationwide rollout, on fears that it may affect the performance of vehicles.

• Separately, India's oil secretary Neeraj Mittal on Friday said the government is working on a programme to boost compressed biogas production.

($1 = 94.9450 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru and Nidhi Verma in New Delhi; Editing by Sahal Muhammed)

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** Shares of Hero MotoCorp HROM.NS rise 1.7% to 4,927 rupees

** Two-wheeler maker launches its first flex fuel motorcycles, Splendor+ and HF Deluxe

** The motorcycles are compatible with ethanol-blended fuels ranging from E20 to E85

** HROM down ~15% YTD

(Reporting by Vijay Malkar)

(([email protected];))

June 3 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP - UNVEILS ITS FIRST FLEX FUEL MOTORCYCLES

• HERO MOTOCORP - NEW MOTORCYCLES COMPATIBLE WITH ETHANOL FUELS FROM E20 TO E85

Source text: ID:nBSE4tZ8Tn

Further company coverage: HROM.NS

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Adds details from paragraph 3 onwards

May 22 (Reuters) - Indian automaker Eicher Motors EICH.NS beat quarterly profit estimates on Friday, as last year's tax cuts boosted demand for its high-margin 350-cc motorcycles.

The Royal Enfield Himalayan 450 adventure bike manufacturer posted a near 12% rise in consolidated net profit to 15.2 billion rupees ($158.85 million) for the March quarter from a year ago.

Analysts had estimated a quarterly profit of 14.87 billion rupees, according to data compiled by LSEG.

India's top premium motorcycle maker was the biggest beneficiary of the September tax cuts that lowered duties from 28% to 18% on the 350-cc category, which occupies a large chunk of the company's portfolio.

Its total revenue jumped 16% to 60.80 billion rupees, beating analysts' average estimate of 59.98 billion rupees.

After posting higher quarterly profits, peers Bajaj Auto BAJA.NS, TVS Motor TVSM.NS and Hero MotoCorp HROM.NS are relying on a premium product mix, export expansion and cost controls to cushion higher shipping expenses and commodity prices stemming from the closure of the Strait of Hormuz.

(Reporting by Kashish Tandon and Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair and Shreya Biswas)

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May 14 -

• INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES UP 25.4% Y/Y -INDUSTRY BODY

• INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES AT 437,312 UNITS - INDUSTRY BODY

• INDIA'S APRIL TOTAL TWO-WHEELER SALES UP 28.4% Y/Y AT 18,72,691 UNITS - INDUSTRY BODY

• INDIA AUTO INDUSTRY BODY SIAM SAYS THOUGH THERE ARE CONCERNS OF HIGH COMMODITY PRICES DISRUPTIONS IN WEST ASIA, INDUSTRY WITNESSING GOOD DEMAND

Source text: [ID:]

** Shares of two-wheeler maker Hero MotoCorp HROM.NS up 4.4% for the week so far, on course for its best showing in a month

** The Splendor motorcycle maker posts a quarterly profit beat, on steady domestic demand and consumption tax cuts

** Multiple brokerages expect HROM to get market share in high-growth segments such as scooters and electric vehicles and see scope for valuation re-rating

** The average rating of 33 analysts tracking HROM is "buy"; median price target is 6,000 rupees, according to data compiled by LSEG

** Stock down 7.8% in 2026 so far, lagging the 3% drop in auto index .NIFTYAUTO, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 7 (Reuters) - ** Hero MotoCorp HROM.NS, India's top two-wheeler maker, beat quarterly profit estimates on Tuesday, driven by strong domestic demand

** Shares rise 2.8% to 5,319.50 rupees, extending gains from Wednesday

EV DRIVES OUTLOOK

** Morgan Stanley ("Overweight," PT: 6,537 rupees) highlights potential market share gains in high-growth segments such as scooters and EVs, with product launches and capacity expansion supporting growth

** J.P. Morgan ("Overweight," PT: 6,430 rupees) says improving demand, stronger positioning in EVs and exports, and scope for valuation re-rating underpin a constructive view

** Macquarie ("Outperform," PT: 6,408 rupees) points to solid growth visibility driven by premiumisation, export expansion and ramp-up in scooters and EVs

** Nomura ("Neutral," PT: 5,783 rupees) notes steady earnings delivery and continued progress in exports and scooters, with expectations of margin support over time from cost pass-throughs and EV incentives

(Reporting by Kashish Tandon in Bengaluru)

((kashish.tandon@thomsonreuters.com; Mobile: +91 8800437922))

** Shares of Hero MotoCorp up 1.91% to 5,206.5 rupees

** Splendor motorcycle maker posts profit beat; Q4 profit up 30% to 14.01 billion rupees ($147.5 million) YoY

** Q4 revenue rises 29% to 127.96 billion rupees

** Earnings benefit from tax cut on motorcycles with engines up to 350cc capacities, as well as expansion, exports and rising premium motorcycle sales amid improving rural demand

** Co's premium Harley Davidson portfolio posts 26% growth in dispatches YoY

** Stock rated "Buy" on average by 33 analysts; median PT at 6,227.5 rupees, as per data compiled by LSEG

** YTD, stock down 9.8%

($1 = 94.9600 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

Adds details and background from paragraph 2 onwards

May 5 (Reuters) - Hero MotoCorp HROM.NS, India's top two-wheeler maker, beat quarterly profit estimates on Tuesday, driven by strong domestic demand, which accounts for more than 90% of its sales.

The Splendor motorcycle maker benefited from a tax cut on motorcycles with engines up to 350cc — the bulk of its sales — as well as capacity expansion, exports and rising premium motorcycle sales amid improving rural demand.

Quarterly vehicle unit sales rose 24%, with its 125cc Glamour and Xtreme models driving double-digit growth in the lower-engine-capacity segment.

Analysts, however, expect industry growth to slow once the boost from the tax cuts fades after April-September.

On the premium end, its Harley-Davidson portfolio posted 26% year-on-year growth in dispatches, driven by the X440 launch, brand campaigns and network expansion, while the company's global business grew 40% in fiscal 2026.

The company posted a near 30% rise in fourth-quarter profit to 14.01 billion rupees ($147.04 million), topping analysts' estimates of 13.35 billion rupees, according to data compiled by LSEG.

Revenue rose about 29% to 127.96 billion rupees, also beating analysts' expectations of 124 billion rupees, while its total expenses increased about 28%.

Hero's earnings before interest, taxes, depreciation and amortisation margin rose 30 basis points year-on-year to 14.7%.

Rivals Bajaj Auto BAJA.NS and TVS Motor TVSM.NS are yet to report their results.

($1 = 95.2800 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Vijay Kishore)

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Adds details throughout

May 4 (Reuters) - India's Ather Energy ATHR.NS posted a significantly narrower quarterly loss on Monday, supported by strong demand for its e-scooters, particularly its best-selling "Rizta" model.

The Bengaluru-based EV maker reported a loss of 1 billion rupees ($10.54 million) for the quarter ended March 31, down from a loss of 2.34 billion rupees last year.

Here are a few key details:

• The company's sales momentum remained strong, with fourth-quarter volumes surging 76% to a record 83,418 units. This pushed revenue up 73.8% to 11.75 billion rupees.

• Ather has been expanding its presence in northern and central India, banking on the Rizta, a family-focused scooter, to capture a larger share of the market.

• Although an early entrant in India's electric two-wheeler market, launching its 450 series of scooters in 2018, Ather faced intense competition from larger rivals such as TVS Motor TVSM.NS and Bajaj Auto BAJA.NS, which benefit from stronger financial resources and wider distribution networks.

• The company also highlighted challenges, noting that the past fiscal year was affected by multiple supply chain crises. It also expects commodity prices to remain volatile and elevated in the near term due to ongoing geopolitical uncertainties.

• Hero MotoCorp HROM.NS, India's largest two-wheeler maker, continues to hold a 30.14% stake in Ather Energy.

($1 = 94.8737 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru; Editing by Sherry Jacob-Phillips)

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May 1 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP - APRIL 2026 DISPATCHES RISE TO 566,086 UNITS FROM 305,406 UNITS YEAR AGO

Source text: ID:nBSE67bfpS

Further company coverage: HROM.NS

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April 14 (Reuters) - India's auto industry body on Tuesday flagged concerns on the possible adverse impact of the Middle East war on automotive production, input and fuel prices, and freight rates.

Here are some key details:

• The West Asia conflict is expected to pose short-term challenges for the auto industry, Shailesh Chandra, president of Society of Indian Automobile Manufacturers (SIAM), said.

• Uncertainties arising from the West Asia conflict, particularly prices of crude oil and commodities, higher exchange rates and disruptions in shipping routes, remain a concern for the auto sector, the industry body said.

• In the near term, the conflict may weigh on export volumes, and the evolving situation reinforces the need for calibrated supply chains and diversification of energy inputs, analysts at Antique Stock Broking said.

• In the entry-level segment in April so far, buyer enquiries are strong, but converting them to sales is taking longer, the SIAM president said.

• Car sales by manufacturers to dealers in the world's third-largest car market rose 7.9% to 4.6 million units in the financial year 2026, industry data showed, compared to the previous fiscal year's 2%, as consumer sentiment improved due to tax cuts.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Total domestic two-wheeler sales in the financial year 2026 rose 10.7% on-year compared to 9.1% growth last year, the industry data showed.

(Reporting by Aditi Shah and Anuran Sadhu; Editing by Harikrishnan Nair)

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Updates with comment from Roop polymers in paragraph 15, updates dateline

By Aditi Shah and Arpan Chaturvedi

MANESAR, India, April 11 (Reuters) - India's auto-making state of Haryana ordered a 35% hike in minimum wages on Friday, after factory workers boycotted work and staged protests this week over rising living costs as a result of the U.S.-Israeli war on Iran.

Haryana's government said it was raising the minimum wage for unskilled workers to $165 per month, from roughly $120, effective April 1, a move that helps workers but will raise cost pressures for India's auto industry at a time of rising input prices and supply chain disruptions.

The decision comes a day after clashes between the police and workers in Manesar, located 30 miles (48.28 km) south of New Delhi and home to companies like Maruti Suzuki MRTI.NS, as well as hundreds of ancillary units that feed into it.

"We urge the workers to ... peacefully carry on their work," Ajay Kumar, a state official, said in a video address on Friday.

Factory workers have been hit hard as prices at eateries have surged due to disrupted supplies of gas in recent weeks, prompting some to return to their villages.

India is the world's second-largest liquefied petroleum gas (LPG) importer and is battling its worst gas crisis in decades, with the government cutting supplies for industries to shield households from any shortage of cooking gas.

The government's move will increase costs for India's car industry, already dealing with higher raw material prices stemming from the Iran war. While the likes of Tata Motors TAMO.NS and Mahindra MAHM.NS have raised car prices, Maruti has warned of a similar move.

HEAVY RELIANCE ON GAS

India's heavy reliance on gas across the economy - businesses of all sizes, households, agriculture, public transport - makes its factories as well as lower-income earners among the most vulnerable in Asia.

Akash Kumar, 25, who works at Munjal Showa MNJL.NS, a supplier to motorbike maker Hero MotoCorp HROM.NS, said street vendors were charging him double the price for a meal of bread, curry and yogurt.

Friday's decision, he said, will bring some relief. "Whatever we get, we have to be happy," he said, adding that workers have resumed duties after being told about the pay hike.

Industrial unrest in Manesar affected various auto suppliers this week, according to Reuters' interviews with more than 30 workers. Workers said they were demanding pay rises to sustain their livelihoods as food was becoming expensive and gas supplies were erratic.

The federal government maintains there is no shortage of cooking gas for households and it is increasing availability of smaller cylinders for daily-wage earners and migrants.

Munjal Showa told Reuters its production was partially impacted this week.

At Roop Polymers, a supplier to Maruti and Honda 7267.T, notices on the factory-gate wall warned of disciplinary action against absent workers, and a company executive said "work was heavily disrupted inside" due to the protests.

In a statement on Saturday, Roop told Reuters that the impact of worker protests on production was "very minimal" and operations are now running normally.

Maruti, Honda and Hero did not respond to requests for comment.

While talks between Iran and the U.S. have raised hopes of de-escalation, auto industry executives said supply chains could take weeks to normalise, as a growing number of migrant workers head back home.

India has about 400 million local migrant workers heading to places such as Manesar to earn a minimum wage for an average 48 hours a week.

"Most employers are trying hard to hold on to the workforce that is running back by offering two meals a day or paying a small bonus," said Vinod Kumar, president of India SME Forum which represents thousands of small and medium-sized businesses.

The group is seeking government help to implement "emergency" measures and establish cluster-based common kitchens, as Kumar said "once labour leaves, it is very difficult to get them back."

(Reporting by Aditi Shah and Arpan Chaturvedi in Manesar, additional reporting by Dhwani Pandya in Mumbai, Saurabh Sharma in New Delhi and Sumit Khanna in Ahmedabad; Editing by Aditya Kalra, Miyoung Kim, Elaine Hardcastle and Alexander Smith)

(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

By Aditi Shah and Arpan Chaturvedi

MANESAR, India, April 10 (Reuters) - India's auto-making state of Haryana ordered a 35% hike in minimum wages on Friday, after factory workers boycotted work and staged protests this week over rising living costs as a result of the U.S.-Israeli war on Iran.

Haryana's government said it was raising the minimum wage for unskilled workers to $165 per month, from roughly $120, effective April 1, a move that helps workers but will raise cost pressures for India's auto industry at a time of rising input prices and supply chain disruptions.

The decision comes a day after clashes between the police and workers in Manesar, located 30 miles (48.28 km) south of New Delhi and home to companies like Maruti Suzuki MRTI.NS, as well as hundreds of ancillary units that feed into it.

"We urge the workers to ... peacefully carry on their work," Ajay Kumar, a state official, said in a video address on Friday.

Factory workers have been hit hard as prices at eateries have surged due to disrupted supplies of gas in recent weeks, prompting some to return to their villages.

India is the world's second-largest liquefied petroleum gas (LPG) importer and is battling its worst gas crisis in decades, with the government cutting supplies for industries to shield households from any shortage of cooking gas.

The government's move will increase costs for India's car industry, already dealing with higher raw material prices stemming from the Iran war. While the likes of Tata Motors TAMO.NS and Mahindra MAHM.NS have raised car prices, Maruti has warned of a similar move.

HEAVY RELIANCE ON GAS

India's heavy reliance on gas across the economy - businesses of all sizes, households, agriculture, public transport - makes its factories as well as lower-income earners among the most vulnerable in Asia.

Akash Kumar, 25, who works at Munjal Showa MNJL.NS, a supplier to motorbike maker Hero MotoCorp HROM.NS, said street vendors were charging him double the price for a meal of bread, curry and yogurt.

Friday's decision, he said, will bring some relief. "Whatever we get, we have to be happy," he said, adding that workers have resumed duties after being told about the pay hike.

Industrial unrest in Manesar affected various auto suppliers this week, according to Reuters' interviews with more than 30 workers. Workers said they were demanding pay rises to sustain their livelihoods as food was becoming expensive and gas supplies were erratic.

The federal government maintains there is no shortage of cooking gas for households and it is increasing availability of smaller cylinders for daily-wage earners and migrants.

Munjal Showa told Reuters its production was partially impacted this week.

At Roop Polymers, a supplier to Maruti and Honda 7267.T, notices on the factory-gate wall warned of disciplinary action against absent workers, and a company executive said "work was heavily disrupted inside" due to the protests.

Roop, Maruti, Honda and Hero did not respond to requests for comment.

While talks between Iran and the U.S. have raised hopes of de-escalation, auto industry executives said supply chains could take weeks to normalise, as a growing number of migrant workers head back home.

India has about 400 million local migrant workers heading to places such as Manesar to earn a minimum wage for an average 48 hours a week.

"Most employers are trying hard to hold on to the workforce that is running back by offering two meals a day or paying a small bonus," said Vinod Kumar, president of India SME Forum which represents thousands of small and medium-sized businesses.

The group is seeking government help to implement "emergency" measures and establish cluster-based common kitchens, as Kumar said "once labour leaves, it is very difficult to get them back."

(Reporting by Aditi Shah and Arpan Chaturvedi in Manesar, additional reporting by Dhwani Pandya in Mumbai, Saurabh Sharma in New Delhi and Sumit Khanna in Ahmedabad; Editing by Aditya Kalra, Miyoung Kim and Elaine Hardcastle)

(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

April 6 (Reuters) - India’s auto dealers warned of possible supply disruptions in the near term, from the West Asia conflict, even as Indian retail vehicle sales rose 25.28% in March, closing the financial year on a strong note on sustained momentum from tax cuts that improved affordability, the Federation of Automobile Dealers Associations (FADA) said on Monday.

Passenger vehicle sales rose 21.48% year-over-year in March, while two-wheeler sales rose 28.68% and commercial vehicle sales rose 15.12%, FADA said.

(Reporting by Meenakshi Maidas in Bengaluru)

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April 1 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP - HERO MOTOCORP RECORDS 24% DISPATCH GROWTH IN Q4 2026

• HERO MOTOCORP - MARCH TOTAL SALES 598,198 UNITS

Source text: ID:nBSE5m7lJS

Further company coverage: HROM.NS

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Repeats to additional subscribers, with no change to text

By Aditi Shah

NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.

The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.

For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.

India's ministry of heavy industries did not immediately respond to a request for comment.

The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.

Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.

The ministry wants the sector to do more.

"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.

The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.

"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.

(Reporting by Aditi Shah, Editing by William Maclean)

(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

March 13 (Reuters) - India's domestic car dispatches to dealers rose for the fifth straight month in February, data from an industry body showed on Friday, helped by tax cuts that have lowered prices across most models.

"While the month of March has festive drivers... the recent conflict in West Asia remains a concern... could impact the manufacturing processes and exports," Rajesh Menon, Director General of Society of Indian Automobile Manufacturers (SIAM), said.

Here are some key details:

• Passenger vehicle dispatches jumped 10.6% to 417,705 units in February, compared with 377,689 units a year earlier.

• Tax reductions continue to fuel growth, extending momentum for fifth consecutive month.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Vehicle sales picked up during the ongoing wedding season, supported by strong bookings, inventory build-up and new model launches.

• Domestic demand is expected to remain strong, though exports could soften on reduced shipments to Africa and the Middle East, analysts added.

• SIAM warns the ongoing Middle East crisis could hit production and exports if supply chains are disrupted.

• A shortage of gas - crucial for paint shops and component manufacturing - may affect production, analysts said, though they expect only near-term impact on Indian manufacturers due to inventory buffers.

• Domestic demand to stay robust but exports could weaken due to reduced shipments to Africa and the Middle East- Axis Capital

• India, the world's third-biggest car market, has an auto industry that accounts for 7.1% of its GDP.

• Tax cut-driven growth is likely to sustain for several quarters, a dealer's body said last week.

(Reporting by Meenakshi Maidas and Urvi Dugar in Bengaluru)

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March 12 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• TAX DEMAND REDUCED FROM 1.78 BILLION RUPEES TO 270 MILLION RUPEES

Source text: ID:nBSE3qrSYs

Further company coverage: HROM.NS

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Rewrites, adds details, background, auto body president comment

By Meenakshi Maidas and Yagnoseni Das

March 5 (Reuters) - India's retail vehicle sales jumped 25.6% in February, as last year's tax cuts and a pick-up in weddings drove demand for two-wheelers and passenger vehicles, the auto dealers' body said on Thursday.

Analysts had expected double‑digit year‑on‑year growth in February, supported by price cuts, new model launches and firm rural demand, after India cut taxes on vehicles last September to boost consumption in the wake of steep U.S. tariffs.

Two-wheeler sales jumped 25% from a year ago in February, while passenger vehicle sales climbed 26.1%, the Federation of Automobile Dealers Associations said, adding that demand was supported by weddings with enquiries rising across rural and urban markets.

The dealer body's president, C.S. Vigneshwar, told Reuters that growth is likely to sustain for several quarters, if not years, noting that the industry had always expected the impact of the tax cuts to be "seismic" rather than seasonal.

Over two-thirds of dealers surveyed by the association expect retail sales to grow in March, buoyed by festival-driven demand and fiscal year-end purchases. However, dealers have flagged supply constraints for some models.

Vigneshwar said that there has been no immediate impact on logistics for vehicles from the Middle East war.

Passenger vehicle inventory, or the average time a car remained on the showroom floor, fell for a fifth consecutive month to 27–29 days from 32-34 days in January.

(Reporting by Meenakshi Maidas and Yagnoseni Das Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)

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Feb 13 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JAN TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,49,616 UNITS

• SIAM - INDIA'S JAN 2-WHEELER SALES 19,25,603 UNITS

• SIAM - INDIA'S JAN 3-WHEELER SALES 75,725 UNITS

• SIAM: NEW BUDGET INITIATIVES, POLICY TAILWINDS EXPECTED TO DELIVER LONG-TERM BENEFITS, SUPPORT GROWTH IN MEDIUM TERM

(([email protected];;))

** Shares of Hero MotoCorp HROM.NS down 1% at 5788.50 rupees so far on the day

** Analysts on avg expect India's top two-wheeler maker by sales to report a 14.5% y/y increase in Q3 profit to 13.78 billion rupees ($152.69 million) -- data compiled by LSEG

** Co beat Q2 profit estimates on the back of demand fueled by domestic tax cuts as well as strong exports

** Stock rated "hold" on avg by 33 analysts, median PT: 6300 rupees; rival TVS Motor TVSM.NS rated "buy" on avg, median PT: 4200 rupees -- LSEG data

** HROM gained about 39% in 2025 and is up 1.4% YTD, while TVSM rose 57% last year and has traded largely flat this year

($1 = 90.2510 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Jan 20 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• GETS TAX DEMAND OF 49.7 MILLION RUPEES WITH PENALTY AND INTEREST

Source text: ID:nBSE24y14f

Further company coverage: HROM.NS

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Jan 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,99,216 UNITS

• SIAM - LOOKING AHEAD, INDUSTRY EXPECTS POSITIVE MOMENTUM TO CONTINUE WELL INTO 2026

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 3-WHEELER SALES 61,924 UNITS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 2-WHEELER SALES 15,41,036 UNITS

• SIAM - WHILE REMAINING WATCHFUL OF GEOPOLITICAL DEVELOPMENTS, INDUSTRY EXPECTS FY2025–26 TO CLOSE ON POSITIVE GROWTH TRAJECTORY

Source text: [ID:]

Further company coverage: ASOK.NS

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Jan 8 (Reuters) - Valeo SE VLOF.PA:

• VALEO AND HERO MOTOCORP ANNOUNCE PARTNERSHIP

Source text: https://tinyurl.com/zh45b2x4

Further company coverage: VLOF.PA

(Gdansk Newsroom)

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Jan 6 (Reuters) - INDIA AUTODEALERS BODY FADA:

• DEC’25 AUTO RETAIL AT 20,28,821 UNITS

• DEALER SENTIMENT REMAINS FIRMLY POSITIVE, WITH OUR SURVEY INDICATING 70.48% EXPECTING GROWTH

• OVER NEXT 3 MONTHS, RETAIL OUTLOOK REMAINS DECISIVELY UPBEAT

• DEC’25 AUTO RETAIL UP 14.63% YOY

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Jan 1 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• REPORTS 40% Y/Y GROWTH IN DECEMBER DISPATCHES

Source text: ID:nBSE1dlv6F

Further company coverage: HROM.NS

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** Two-wheeler maker Hero MotoCorp's HROM.NS shares rise as much as 2.37% to 6,016 rupees, a 14-month high

** Stock advances after Macquarie upgrades it to "outperform" from "neutral," citing a likely uptick in both motorcycles and scooters driven by GST cuts and new launches

** Macquarie also lifts its price target to 6,793 rupees from 6,094, implying a 16.7% upside

** Brokerage says Hero's ICE motorcycle market share is stabilising while new scooters are gaining strong traction

** The upgrade follows J.P. Morgan's move on Wednesday to raise the stock to "overweight" from "neutral", flagging stabilising market share, an improving earnings outlook, tax cuts and rising EV penetration

** J.P. Morgan also increases its target to 6,850 rupees from 5,640 rupees

** Hero MotoCorp is up 3.5% in two sessions and has gained 9.1% in five sessions after a September-quarter profit beat

** The stock is up 41.2% in 2025, outperforming the auto index's .NIFTYAUTO 20.6% rise

(Reporting by Bharath Rajeswaran in Bengaluru)

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