SIAM

At Largest Market: Two-wheeler sales crash to 10-year-low in FY22

Two-wheeler sales crash to 10-year-low in FY22; motorcycles fall below 9 mn India is the largest manufacturer of two-wheelers and also the largest market for it. (China being second) One of the primary reasons for this downfall is the spiraling cost of fuel prices. by John from https://www.newswwc.com/ New Delhi: Rural distress impacted the Indian two-wheeler segment, one of the largest in the world, in a big way that their sales in 2021-22 fell sharply, for the first time in ten years, to 13,466,000 units, as per the latest data from the Society of Indian Automobile Manufacturers (SIAM). It was in 2011-2012 that the two-wheeler sales were close to this number at 13,409,00. ( India’s Financial Year is calculated as from 01-April-2021 to 31-March-2022 ) Throughout the year, demand for motorcycles and scooters was impacted by rural distress and higher ownership cost amidst soaring fuel prices. Sales of two-wheelers, particularly motorcycles failed to gather momentum even during the festive months, leaving the companies burdened with a pile of unsold stocks. As a result, the overall sales of motorcycles fell below the 9-lakh mark for the first time since 2016-2017, SIAM report said. One of the primary reasons for this downfall is the spiraling cost of fuel prices. Barring two months, petrol prices escalated in almost all months of FY22, sometimes even thrice a month that severely impacted the demand of entry-level motorcycles which is the primary choice of the budget-conscious low-income consumers. New motorcycle sales are directly correlated with fuel prices, as 62% of the country’s fuel sales are consumed by the two-wheeler segment. According to market experts, spike in auto fuel prices has triggered the rate of deferment majorly among the consumers of below 125cc two-wheelers that hold about 80% of the total market. Besides, shortage of semiconductors and […]

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Motorcycle fuel tank device to check petrol quality in real time

by Abhinand Venugopal from https://www.rushlane.com Soham Mohanty has created a device that can tell if the petrol being filled in your vehicle’s fuel tank is adulterated or not. One could argue that Lexus sells some of the best-looking luxury vehicles in the global automotive market. The Japanese automaker, under the wings of Toyota, not only believes in good automotive aesthetics and design, but is also determined in finding out the right talent in this field. As part of this, the brand’s Indian division recently concluded Lexus Design Award India (LDAI) 2020 and selected the creative design project by Soham Mohanty in the ‘Conceptual Category – Student’ stream, to be showcased at the prestigious Milan Design Week scheduled for April 2020. Soham’s project, dubbed as Accufill, aims to bring absolute peace of mind to motorcycle riders in the world of rising fuel thefts at fraudulent petrol stations. Accufill is a piece of sensor-based equipment that employs ultrasonics to determine fuel density and quality, while also ensuring that the user gets the right amount of fuel for the price he/she pays. As we know, fuel isn’t cheap at all and prices are only seeing a climb. In Soham Mohanty’s words, Accufill helps bring transparency between riders and the staff at various petrol stations. Basically, it is a user-friendly device to check petrol quality. By ensuring only the right content goes into the fuel tank, Accufill indirectly aids in improving engine life and reliability of related components such as the fuel-injection (FI) system. To make a better understanding as to why a device such as Accufill is an important need, millions of litres of fuel are adultered each year; petrol with naphtha and diesel with kerosene. This information was shared by none other than the Indian Ministry of Transport. According to SIAM (Society

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