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Eicher Motors gains after Q4 PAT jumps 73% YoY

Read more about Eicher Motors gains after Q4 PAT jumps 73% YoY on Business Standard. Eicher Motors rose 2.01% to Rs 2657.70 after the auto maker reported 72.9% jump in consolidated net profit to Rs 526.14 crore in Q4 FY21 compared with Rs 304.28 crore in Q4 FY20.

Eicher Motors VECV sales soar to 2,145 units in April

The total VE Commercial Vehicle (VECV) sales surged to 2,145 units in April 2021 as against 85 units in April 2020. On a month-on-month (M-o-M) basis, total VECV sales tumbled 69.51% in April 2021 from 7,037 units in March 2021. Total domestic sales soared to 1,555 units in April 2021 over 38 units sold in April 2021. Total exports jumped to 541 units in April 2021 as compared to 41 units in April 2020. Total Volvo Trucks & Bus sales grew to 49 units in April 2021 over 6 units sold in April 2020. Total sales of Eicher Motors-owned Royal Enfield stood at 53,298 units in April 2021 over 91 units in April 2020. On a sequential basis, the motorcycle sales have dropped 19.31% in April 2021 as against 66,058 units in March 2021.

Royal Enfield sales grows 84% YoY in March

The sale of Royal Enfield motorcycle soared 84% to 66,058 units in March 2021 from 35,814 units in March 2020. Sequentially, the company s total motorcycles sales surged 3.96% in March 2021 from 63,536 units sold in February 2021. The sales of models with engine capacity upto 350cc climbed 93% to 58,471 units and the sales of models with engine capacity exceeding 350cc improved 39% to 7,587 units in March 2021 over March 2020. Royal Enfield motorcycle exports surged 85% to 5,885 units in March 2021 from 3,184 units in March 2020. Meanwhile, VE Commercial Vehicles (VECV), an unlisted subsidiary of Eicher Motors, sold 7037 vehicles in March 2021 compared with 1499 vehicles sold in March 2020. Total domestic sales were at 6054 units in March 2021 as against 1409 units sold in March 2020. The company exported 816 vehicles during the month compared with 67 vehicles exported in the same period last year. Total Volvo Trucks & Buses sales stood at 167 units in March 2021 as against 23

Eicher Motors sells over 7000 CVs in March

VE Commercial Vehicles, an unlisted subsidiary of Eicher Motors, sold 7037 vehicles in March 2021 compared with 1499 vehicles sold in March 2020. Total domestic sales were at 6054 units in March 2021 as against 1409 units sold in March 2020. The company exported 816 vehicles during the month compared with 67 vehicles exported in the same period last year. Total Volvo Trucks & Buses sales stood at 167 units in March 2021 as against 23 units in March 2020. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden s AB Volvo - Volvo Eicher Commercial Vehicles which operates in India s commercial vehicle space.

Eicher Motors motorcycles sales rise 10% YoY in Feb

Total Royal Enfield sales increased 10% to 69,659 units in February 2021 from 63,536 units in February 2020. Sequentially, the company s total motorcycles sales improved 1% last month from 68,887 units sold in January 2021. While the sales of models with engine capacity upto 350cc jumped 12% to 64,362 units, the sales of models with engine capacity exceeding 350cc declined 15% to 5,297 units in February 2021 over February 2020. Royal Enfield motorcycle exports surged 94% to 4,545 units in February 2021 from 2,348 units in February 2020. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden s AB Volvo - Volvo Eicher Commercial Vehicles (VECV) which operates in India s commercial vehicle space.

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