Eicher Motors Shares

Brokerages mixed on Eicher Motors after Q2 results; stock jumps 8%

Japan-based brokerage Nomura has upgraded Eicher Motors to a 'Neutral' rating from 'Reduce' and raised its target price from Rs 4,102 to Rs 4,391

Eicher Motors Q2FY25 results: Net profit grows 8.3% to Rs 1,100 cr

The company said its net profit rose 8.3% year-on-year to Rs 1,100 crore ($130.40 million) in the three months to Sept. 30

Nifty Auto skids below 100-DMA; Bajaj Auto, Hero Moto can dip another 9%

Two-wheeler stocks bore the brunt of the selling pressure in auto on Thursday, as the Nifty Auto index plunged below its 100-DMA for the first-time in 18 months; Tech charts suggest more pain ahead.

August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip

Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.

Eicher Motors strong Q1 overshadowed by weak Bullet 350 sales, growth woes

The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.

Brokerages mixed on Eicher Motors after Q4; check latest target prices

Overall, Eicher Motors reported promising numbers, with profits surging over 31 per cent to Rs 983.3 crore in Q4FY24, compared to Rs 747 crore in Q4FY23

Eicher Motors, BoI, Piramal Pharma among seven stocks to track on May 13

Stocks to watch on May 13: Eicher Motors' consolidated profit after tax stood at Rs 1,070 crore for the fourth quarter ended March 2024 (Q4FY24), on the back of higher sales

Eicher Motors' Q4 PAT rises 18%, Royal Enfield sales hit record high

On a sequential basis, the company's PAT rose 7.48%, while the revenue rose by 1.85%

Royal Enfield wholesales increase 6% in February, exports rise 13%

Motorcycle maker Royal Enfield on Friday reported a 6 per cent year-on-year increase in wholesales to 75,935 units in February. The company, a part of Eicher Motors, had dispatched 71,544 units in the same month last year. Domestic sales were at 67,922 units last month as against 64,436 units in the year-ago month, a growth of 5 per cent, Royal Enfield said in a statement. Exports rose 13 per cent to 8,013 units compared to 7,108 units in February 2023, it added. "Over the last few months, while our new motorcycle launches have done exceedingly well, our existing motorcycles have also contributed to our strong growth momentum across bookings and retails," Royal Enfield CEO B Govindarajan said. "As we come to the close of the financial year, we are confident of a strong and healthy overall performance, and believe that we can continue this momentum for the next year as well," he said.

Automobile major VECV sales grow over 11% to 8,026 units in Dec 2023

Eicher Motors Ltd on Monday said its arm VE Commercial Vehicles Ltd posted an 11.1 per cent growth in total sales at 8,026 units in December 2023. VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 7,221 units in December 2022, Eicher Motors said in a regulatory filing. December 2023 sales included 7,789 units of the Eicher brand and 237 units of the Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 7,468 units last month as compared to 6,671 units in December 2022. Exports of Eicher branded trucks and buses were down 3.3 per cent at 321 units as against 332 units in December 2022, it added.

Eicher Motors rises 3% post Q2 results; should you buy, sell or hold?

Despite the competitive pressure, the company posted a healthy volume growth of 10.4 per cent Y-o-Y and marginally on sequential basis to 248,831 units

Eicher Motors Q2 net profit rises 55% to Rs 1,016 cr on robust sales

Eicher Motors on Friday said its consolidated net profit increased by 55 per cent to Rs 1,016 crore for the second quarter ended September 30, 2023, driven by robust sales. The company had reported a net profit after tax of Rs 657 crore in the July-September quarter of last fiscal. Total revenue from operations rose to Rs 4,115 crore for the September quarter as against Rs 3,519 crore in the year-ago period, Eicher Motors said in a regulatory filing. It was the company's highest-ever performance in terms of quarterly revenues, profits and sales, it said. Royal Enfield, a division of the company, sold 2,29,496 motorcycles in the second quarter, an increase of 13 per cent from 2,03,451 motorcycles sold in the same period of last fiscal. "At the halfway mark for the financial year, we have registered remarkable performance both at Royal Enfield and VE Commercial Vehicles," Eicher Motors Managing Director Siddhartha Lal said in a statement. VE Commercial Vehicles (VECV) Managing Dire

Eicher Motors September sales: Total sales down 5%; YTD business up 16%

Sales of models with engine capacity up to 350cc also went down by about 5% as the sales went down from 74,206 units in September 2022 to 70,345 in September 2023

Royal Enfield plans to launch its first electric bike in two years

The company is evaluating the market requirements and the business prospect for electric motorcycles in the country

Eicher Motors July sales: Total sales up 32% YoY, global business down 22%

Sales for the company in up to 350cc segment vehicles went up by 39 per cent YoY as the volumes grew from 46,336 in July 2022 to 64,398 in July 2023

New launches power Hero, Bajaj Auto stocks into gains, Eicher drags

The price point of the new bikes is similar to RE's top-selling Classic 350 but have more power and torque

Eicher Motors cracks 6% as Hero Moto-Harley Davidson tie up for X440 bike

Priced at Rs 2.29 lakh, X440 motorbike will directly compete with Eicher Motors' Royal Enfield Classic 350's starting price of Rs 1.93 lakh and the Hunter 350's Rs 1.5 lakh

Eicher Motors Q3 results: Profit rises 62.4% on higher motorcycle sales

Total expenses rose 24.4% to 30.06 billion rupees, led by a 39% increase in the cost of raw materials and components

EV push: Eicher Motors to pick 10.35% stake in Spain-based Stark Future

Stark Future recently launched its first high performance electric motocross bike, the Stark VARG

TVS, Eicher Motors may be the best bets among two-wheeler stocks; check why

On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.