Eicher Motors records 15% YoY fall in Feb motorcycle sales

2 Mar 2022 , 09:17 AM

While sales of motorcycle models with engine capacity upto 350cc fell by 23% year on year to 49,484 units, sales of motorcycle models with engine capacity exceeding 350cc soared 83% to 9,676 units in February 2022 over February 2021.

The company exported 7,025 motorcycle units, registering a 55% year on year rise during the period under review.

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 company recorded 14% fall in consolidated net profit to Rs 456 crore despite a 1.9% rise in total revenues to Rs 2,881 crore in Q3 FY22 over Q3 FY21.

Shares of Eicher Motors were trading 1.13% lower at Rs 2,557.1 on BSE in early trade.

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