The auto maker's motorcycle brand Royal Enfield registered total sales of 40,334 units in July 2020, which is 26% lower than 54,185 units sold in the same month last year.
Royal Enfield exports dropped 52% YoY to 2,409 units in July 2020.Meanwhile, Volvo Eicher Commercial Vehicles (VECV) reported 46% decline in total commercial vehicles sales at 2184 units in July 2020 over July 2019.
Total exports of Eicher brand stood at 401 units in July 2020, down 31%, as compared to 306 units in the same month a year ago.
Sales of Volvo Truck stood at 49 units up 4.3% as compared to 47 units in July 2019.
Shares of Eicher Motors rose 1.95% to 21,040.95. It traded in the range of Rs 20,630.20 and Rs 21,290 so far.
Eicher Motors' consolidated net profit slumped 44.2% to Rs 304.28 crore on 11% drop in net sales to Rs 2,190.32 crore in Q4 March 2020 over Q4 March 2019.
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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 Sweden's AB Volvo - Volvo Eicher Commercial Vehicles (VECV) which operates in India's commercial vehicle space. VECV has a complete range of trucks and buses from 5-55 tonnes, and its integrated manufacturing plant in Pithampur, Madhya Pradesh is the global hub for medium duty five- and eight-litre engines for Volvo Group.
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