Eicher Motors sells 5,637 CV units in May22

1 Jun 2022 , 01:06 PM

VECV had sold 1,223 units of commercial vehicles (CV) in May 2021. Total CV sales in the domestic market during month was 5033 units as against 656 units sold in the same period last year. The company exported 471 units of commercial vehicles (down 9.2% YoY) during the period under review. The company sold 133 units of Volvo Trucks & Buses in May 2022, which is higher by 177.1% as compared with 48 units sold in May 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 reported 16% jump in consolidated net profit to Rs 610.14 crore on a 8.6% increase in total revenue from operations to Rs 3,193.32 crore in Q4 FY22 over Q4 FY21. The scrip lost 0.56% to currently trade at Rs 2769.80 on the BSE. Powered by Capital Market – Live News