Page 2 - Eicher Motors Shares

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.

Tata Motors, Ashok Leyland, Eicher eye up to 17% gains, charts show

Tata Motors' stock gained 161 per cent in 2021, and reached its new 52-week high of Rs 536.70. However, the stock has been tepid so far in 2022 and seen testing the 200-DMA

Eicher Motors sinks 3% as CFO Arunachalam tenders resignation

Eicher Motors said the appointment of a new CFO in his place would be intimated in due course. Meanwhile, Arunachalam will now join Cromptom Greaves Consumer as CFO, from September 5

New additions to Bullet family augur well for Eicher Motors stock

Valuations, however, factor in the gains

Product portfolio, expanding markets to drive gains for Eicher Motors

In addition to volume growth, margin gains hinge on raw material/freight cost movement

Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show

The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.

Eicher Motors Q4 net profit up 16%, Royal Enfield bikes sales dip

Company had 'stellar performance' in international markets with more than 100% growth, says managing director

Stocks to Watch: HUL, Eveready, L&T Finance, Banks, Autos, Adani Group

Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.

Eicher Motors net profit drops 14% at Rs 456 crore in Q3 as sales drop

The company had posted a consolidated net profit of Rs 532.59 crore in the December quarter of 2020-21

Market wrap: Sensex ends above 59,000, up 929 points; Nifty tops 17,600

Eicher Motors surges over 5% on Royal Enfield's strong December sales; TCS gains 4% in three days, hits 13-week high; textile shares rally on improved outlook

Tata Motors, Eicher, Maruti: Will auto shares breakout for bigger gains?

Automobile shares may breakout after crossing significant resistances

Eicher Motors may underperform auto peers in the near term

Response to new model below expectations, higher prices may dent volumes