Eicher Motors announces sales figures for September22

3 Oct 2022 , 10:21 AM

While total domestic sales increased by 14.7% to 5992 units, total exports fell by 35.8% to 506 units in September 2022 over September 2021. Total sales of Volvo Trucks & Buses surged 137.5% from 56 units in September 2021 to 133 units in September 2022. Separately, Eicher Motors informed that it had recorded a growth of 145% in September 2022 with sales of 82,097 motorcycle units as against 33,529 units in the month of September 2021. Sales of models with engine capacity upto 350cc had jumped by 191% to 74,206 units while sales of models with engine capacity exceeding 350cc had slipped 1% to 7,891 units in September 2022 over September 2021. International Business had recorded sales of 8,451 units in September 2022, up by 34% from 6,296 units sold in September 2021. 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 Swedens AB Volvo – Volvo Eicher Commercial Vehicles which operates in Indias commercial vehicle space. The companys consolidated net profit zoomed 157.81% to Rs 611 crore in Q1 FY23 from Rs 237 crore posted in Q1 FY22. Total revenue from operations was recorded at Rs 3,397 crore, up 72% as compared to Rs 1,974 crore in the corresponding quarter of FY 2021-22. The scrip declined 1.73% to currently trade at Rs 3,610.20 on the BSE. Powered by Capital Market – Live News