Eicher stock advances 5% after robust sales in December 2021; Royal Enfield sales at 73,739 units, VECV logs nearly 26% yoy growth

3 Jan 2022 , 11:50 AM

Eicher Motors stock rallied on Monday after recording a strong set of numbers in December 2021 sales. The company has announced sales of Royal Enfield and VE Commercial Vehicles Limited (VECV).

In December 2021, Royal Enfield sales were at 73,739 units rising by 7% from 68,995 units in the same month last year. Models with engine capacity exceeding 350cc delivered robust sales with 11,196 units increasing by 107% yoy, while models with engine capacity up to 350cc saw sales of 62,543 units in the month under review declining by 2% yoy. Exports skyrocketed by 144% yoy to 8,552 units in the latest month.

Between April – December 2021, Royal Enfield sales were at 4,16,593  units rising by 2% from 4,07,456 units in the corresponding period of last year.

Meanwhile, the VECV segment posted sales of 6154 units in December 2021, increasing by 25.8% from sales of 4892 units in December last year. So far in the nine months of FY22, VECV sales have risen by 60.1% to 36984 units from 23098 units witnessed in 9MFY21.

At around 11.47 am, Eicher was trading at Rs2711 per piece up by Rs121.05 or 4.67% on Sensex.

The stock was near the day’s high of Rs2718.30 per piece.