Eicher Motors sells 5,525 CV units in April22

2 May 2022 , 02:45 PM

VECV had sold 2,145 units of commercial vehicles (CV) in April 2021.

Total domestic commercial vehicle sales increased by 206.5% to 4,766 units in April 2022 from 1,555 units in April 2021. The company exported 650 units of commercial vehicles (up 20.1% YoY) during the period under review.

The company sold 109 units of Volvo Trucks & Buses in April 2022, which is higher by 122.4% as compared with 49 units sold in April 2021.

Separately, Eicher Motors reported 17% rise in total motorcycles sales in April 2022 to 62,155 units from 53,298 units sold in April 2021.

The sale of models with engine capacity up to 350cc improved by 11% to 51,564 units and the sale of models with engine capacity exceeding 350cc increased by 57% to 10,591 units in April 2022 over April 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 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 currently trading 3.58% lower at Rs 2535.55 on the BSE.

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