INSUBCONTINENT EXCLUSIVE:
Royal Enfield maker Eicher Motors logged its highest-ever net profit in the second quarter of the financial year (Q2FY23), seeing a 76 per
cent rise in net profit to Rs 657 crore, compared to a Rs 373-crore profit during the same period last year on account of improved
sales.
The firm also recorded a 56 per cent increase in revenue from operations at Rs 3,519 crore, its highest ever, compared to Rs 2,250
crore in the corresponding quarter of FY22
470 crore in FY22.
Royal Enfield, made by Eicher Motors, sold 203,451 units in the quarter, a 65 per cent increase from 123,515
We started the quarter with the launch of Hunter 350
Govindarajan, chief executive officer- Royal Enfield and Wholetime Director, EML
He said that the company is looking at a capital expenditure of Rs 750 crore during the current financial year, out of which over Rs 300
crore is already deployed.
On electric vehicles, the company is likely to see its first product in the next three years
We have witnessed great uptick with the launch of new Hunter 350
Further, we are super happy at having showcased our spectacular new cruiser, the Super Meteor 650 at EICMA, earlier this week
side, Volvo Eicher Commercial Vehicles (VECV) delivered its first large order of 40 Skyline Pro E electric buses to Chandigarh
We also strengthened our market share in the heavy-duty trucks and buses segment while launching a slate of new products and improving our
At EML, our business performance has been quite promising and we continue to focus on the next stage of our growth with a robust ESG
registered its highest ever sales in a month in October, selling 80,792 units and seeing a growth of 79 per cent over the same period last
While we have unveiled the Super Meteor 650 in Milan this week, we are also preparing for a spectacular comeback of Rider Mania later this
At VECV, vehicle sales for the first half stand at 35,085 vehicles marking a growth of 68 per cent over corresponding period last year.
