Two-wheeler Sales Performance In November 2024

Honda Motorcycle & Scooter India (HMSI) dispatched 4,72,749 units in November 2024. Of these, 4,32,888 units accounted for domestic sales, an increase of three percent when compared to the sale of 4,20,677 vehicles in November 2023. The company exported 39,861 units in the respective month. 
Royal Enfield sold 72,236 units in the domestic market in India in November 2024 marking a decrease of four percent when compared to the sale of 75,137 vehicles in November 2023. The two-wheeler major exported 10,021 units in November, up 96 percent as compared to the export of 5,114 vehicles in November 2023. 
Hero MotoCorp sold 459,805 units in November 2024 marking a 6.36 percent decrease when compared to the sale of 491,050 vehicles in November 2023. Domestic sales in November 2024 were 439,777 vehicles, down 7.66 percent when compared to the sale of 476, 286 units in November 2023. Exports saw a growth of 35.65 percent increase with 20,028 units dispatched in comparison to 14,764 units dispatched in November 2023. 
At 4,21,640 units in November 2024, Bajaj Auto has announced a five percent increase in total sales year-on-year. In the domestic market, the company saw a sales decline of seven percent at 2,40,854 units. In November 2023, it sold 2,57,744 vehicles. 
At 1,80,786 units, the two-wheeler major witnessed a 24 percent rise in exports in November 2024. In November 2023, it exported 1,45,259 vehicles. 
Suzuki Motorcycle India Pvt Ltd achieved a total sale of 94,370 vehicles in November 2024, up eight percent when compared to the sale of 87,096 units in November 2023. 
The domestic sale in November 2024 stood at 78,333 units, up seven percent when compared to the sale of 73,135 units in November 2023. Exports grew 15 percent at 16,037 units in November 2024 as compared to 13,961 units in November 2023. 
TVS Motor Company registered a total sale of 401,250 units in November 2024, an increase of 10 percent when compared to the sale of 364,231 units in November 2023. Of these, 392,473 two-wheelers were sold in November 2024 respectively, marking a 12 percent increase in two-wheelers with the sale of 352,103 units in November 2023. In November 2024, 8,777 three-wheelers were sold marking a modest decline when compared to the sale of 12,128 units in November 2023. 
In the domestic market, the two-wheeler business of TVS Motor Company witnessed a four percent growth with the sale of 305,323 units. In November 2023, the company sold 287,017 units.  The motorcycle category saw a growth of four percent with the sale of 189,247 vehicles as compared to the sale of 172,836 units in November 2023. Scooter witnessed a growth of 22 percent with the sale of 165,535 units in November 2024 as compared to the sale of 135,749 vehicles in November 2023. 
The company recorded a 57 percent growth in electric vehicles with a sale of 26,292 units in November 2024 as compared to the sale of 16,782 vehicles in November 2023. The iQube e-scooter has been a big success, steadily closing the gap with e-scooter market leader Ola Electric’s offerings in the same category.
TVS Motor Company exported 93,755 units in November, clocking a growth of 25 percent year on year when compared with the sale of 75,204 units in November 2023. 
 

Delhi-Based EV Startup Pluto Mobility Raises $2 Million For Last-Mile Delivery Push

Delhi-Based EV Startup Pluto Mobility Raises $2 Million For Last-Mile Delivery Push

Pluto Mobility, a Delhi-based electric mobility startup focused on last-mile logistics, has just closed a seed funding round at USD 2 million. The investment was steered by Version One Ventures, with Grad Capital also contributing. Notably, the round drew interest from founders and senior figures at companies like Delhivery, OfBusiness, Pixxel and Boom Supersonic, signalling strong vote of confidence from within the logistics and tech ecosystems.

The startup was launched by Akshat Bhatia and Himanshu Panda with a specific mission: to design electric vehicles from the ground up for the rigors of Indian urban logistics. Rather than adapting existing two-wheelers, they are building something purpose-built. The funds will go towards sharpening their engineering focus, growing their team and setting up pilot runs in key city markets.

What sets Pluto apart is its vehicle design. It is roughly the size of a scooter but fully enclosed, offering protection against rain and heat. More importantly, it can accommodate twice the number of parcels per trip compared to a standard two-wheeler. That efficiency gain is not accidental. The founders have rethought everything – from chassis layout to cargo space – based on how delivery agents actually work. The result is a vehicle that boosts throughput without asking operators to compromise on safety or manoeuvrability.

This matters because most delivery fleets today still run on vehicles built for personal commute. They are not equipped for the stop-start, high-volume nature of e-commerce or quick-commerce deliveries. Operators often end up overloading bikes or switching to bulkier vehicles that cannot navigate narrow lanes. Pluto aims to fill that gap with a solution that is compact, durable and weather-resistant.

Pilot deployments are scheduled to begin later this year, with a focus on quick-commerce and e-commerce players looking for smarter ways to move goods through crowded cities.

Akshat Bhatia, CEO, Pluto Mobility, said, “India’s last-mile challenge isn’t speed, incentives or apps. It’s that delivery operations are built on vehicles never designed for delivery workloads. That mismatch caps how much can be moved per trip, increases failures at scale and quietly affects delivery economics.”

Boris Wertz, Founding Partner, Version One Ventures, said, “Pluto Mobility is taking a fundamentally different approach to last-mile delivery by designing vehicles specifically for throughput and operational reliability.”

Andreas Mindt Succeeds Michael Mauer As Volkswagen Group Design Head

Volkswagen Designer

Andreas Mindt, Head of Design for the Volkswagen brand, has been appointed to lead Group Design for the Volkswagen Group, effective 1 March 2026. He succeeds Michael Mauer, who is departing as part of a transition.

He will hold this role alongside his current position at the Volkswagen brand. His appointment follows Mauer’s previous handover of responsibilities at Porsche to a successor.

Andreas Mindt joined the Volkswagen Group in 1996. His career includes work on the first-generation Tiguan and the Golf 7. Between 2014 and 2021, he led exterior design at Audi, overseeing models from the A1 to the e-tron GT. He later served as Director of Bentley Design, where he developed the design language for the Bentley Batur, before becoming Head of Design for Volkswagen Passenger Cars in 2023.

Michael Mauer joined the Group in 2004 as Head of Design at Porsche. During his tenure, he oversaw the Cayenne revision, the Panamera, and the 918 Spyder. He has served as Head of Group Design since January 2023, focused on establishing brand identities across the portfolio.

The role of Group Design is to differentiate the various brands within the Volkswagen Group by defining their specific identities. The strategy focuses on making each brand recognisable while ensuring products meet regional market requirements and customer expectations.

Oliver Blume, CEO, Volkswagen Group, said, “I would like to warmly thank Michael Mauer for his outstanding work and for the close and collaborative working relationship over the years. He shaped an era at Porsche. As Head of Group Design he also established a design philosophy across all brands that provides orientation and ensures recognition – with clearly defined brand and product identities. His work has shaped the style of our brands and will remain visible in the future.”

“I am looking forward to working more closely with Andy Mindt. With his track record at the Volkswagen brand and his expertise, he has made a significant impact in a short time and played a key role in ensuring that our cars are clearly recognisable as genuine Volkswagen models again,” added Blume.

SIAM Hosts 4th International Conference On Sustainable Circularity In New Delhi

SIAM

The Society of Indian Automobile Manufacturers (SIAM) organised the 4th International Conference on Sustainable Circularity today at the India Habitat Centre. The event, part of SIAM Sustainable Mobility Week 2026, focused on the transition to an automotive circular economy through policy, innovation and industry collaboration.

The conference addressed the lifecycle of automotive production, including eco-design, material use, recycling systems and regulatory alignment. A context paper titled ‘Accelerating India’s Transition to an Automotive Circular Economy’ was released during the proceedings.

The event saw discussions highlighting the expansion of India's scrapping infrastructure. There are currently between 125 and 130 Registered Vehicle Scrapping Facilities (RVSFs) operational across the country. Officials noted that while technology for recycling exists, challenges remains regarding traceability, policy clarity and the informal sector.

Key priorities identified for the sector include:

  • 3R Framework: Implementation of schemes to reduce resource use, reuse components, and recover materials.
  • Extended Producer Responsibility (EPR): Strengthening regulations to manage vehicle end-of-life.
  • Digital Tracking: Improving the monitoring of vehicles to assist in disposal planning.
  • Automated Testing: Expanding Automated Testing Stations to increase the flow of End-of-Life Vehicles (ELVs) to formal recyclers.

Mahmood Ahmed, Additional Secretary, Ministry of Road Transport and Highways, said, “We have a larger responsibility to meet the needs of the country. Our regulations and standards are aligned to reduce emissions, improve fuel efficiency, and promote cleaner fuels. The Vehicle Scrapping Policy, is a major step forward and the ecosystem is now developing with nearly 125 to 130 Registered Vehicle Scrapping Facilities operational.”

Prashant K Banerjee, Executive Director, SIAM, stated, “We must address air quality and vehicle end of life management, especially in Delhi NCR. ELV feed to Registered Vehicle Scrappage Facilities (RVSFs) needs to be increased. Documentation gaps with previous owners, especially for two-wheelers, and pending issues like unpaid challans, insurance and road tax must be resolved urgently.”

Vikram Kasbekar, Executive Director and CTO, Hero MotoCorp, added, “The development of Registered Vehicle Scrapping Facilities is key to a sustainable mobility ecosystem. Initiatives like PM E-Drive have strengthened the industry and sped up readiness. Engaging non-registered recyclers constructively will help formalise processes.”

The event featured sessions on material innovation and the role of startups in recycling. Participants discussed the use of copper, tyre recycling and carbon business models. The consensus among attendees was that circularity must be integrated into initial product design rather than being treated solely as a post-consumer activity.

The Sustainable Mobility Week concludes on 19 February with the 1st International Conference on Automotive Material Compliance and Sustainability.

adidas x Audi Revolut F1 Team Collection Launches Globally

adidas x Audi Revolut F1 Team Collection Launches Globally

Audi is set to make its highly anticipated debut as a factory team in Formula 1 this March, and to mark the occasion, it is launching a comprehensive new merchandise line. Developed in partnership with adidas, the adidas x Audi Revolut F1 Team collection will be available to the public starting 19 February 2026. The initiative is designed to galvanise a global community and attract new followers to the brand by offering a tangible connection to its motorsport project.

The partnership has produced a diverse range of over 160 products, structured into two primary categories. The first is official teamwear, which features high-performance functional clothing unveiled in Berlin this January. This line incorporates advanced adidas technologies and is meticulously engineered for the specific demands of the team's personnel. This includes race-ready athletic wear for drivers Nico Hülkenberg and Gabriel Bortoleto, ergonomic and stylish garments for engineers during long stints at the track and durable, function-focused attire for the mechanics.

Complementing this is a dedicated fanwear collection aimed at a wider audience. Designed for everyday wear, it spans T-shirts, hoodies, jackets and footwear, blending modern lifestyle aesthetics with sportswear comfort. The fan range includes core essentials in the team’s primary colours to express team identity, as well as elevated pieces with subtle branding for a contemporary look. Exclusive merchandise for the two drivers is also featured. Throughout the season, limited-edition special drops will be introduced, celebrating the team's evolving identity and culture.

The entire collection draws its aesthetic from the Audi R26 race car. The teamwear features subtle grey and chalk tones inspired by the car’s titanium-coloured paintwork, while red accents serve as a unifying element, reflecting Audi’s broader visual identity in the championship. From 19 February 2026, fans will be able to purchase the collection through the team’s new e-commerce platform, as well as from adidas and select retail partners.