Eicher Motors total sales up 86% YoY; international business sells over 5,700 units

2 Nov 2022 , 09:40 AM

While sales of motorcycle models with engine capacity up to 350cc doubled to 74,828 units, sales of motorcycle models with engine capacity exceeding 350cc rose 10% to 74,828 units in October 2022 over October 2021. The International Business recorded sales of 5,707 units in October 2022, which is higher by 62% as compared with 3,522 units sold in October 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 1.41% to currently trade at Rs 3745 on the BSE. Powered by Capital Market – Live News