Eicher Motors sells 5,003 CV units in August22

1 Sep 2022 , 02:13 PM

On a sequential basis, the companys CV sales dropped 16.37% from 5982 units sold in July 2022. During August 2022, the total domestic sales of Eicher trucks & buses grew 17.2% to 4,530 units while total exports slumped 54.8% to 363 units over August 2021. Total Sales of Volvo trucks & buses declined 12.7% to 110 units in August 2022 as compared with 126 units sold in August 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. EBITDA was Rs 831 crore as compared to Rs 363 crore in the same quarter of the previous financial year. Shares of Eicher Motors were up 0.61% to Rs 3379.75 on the BSE. Powered by Capital Market – Live News