The revenue from operations for Q1FY24 came in at Rs 3,986.37 crore, compared to Rs 3,397.46 crore year-on-year
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
Bajaj Auto and British motorcycle brand Triumph on Wednesday launched co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India.
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
Auto sales numbers are keenly watched as they are a key indicator for assessing private consumption, which has more than 50% weightage in calculating the country's economic growth
Business prospects appear good, but the expected launch of Bajaj Auto's line of Triumph bikes could challenge Royal Enfield's dominance
Compared to the Bullet and the Meteor, which appear more substantial in their stance, the Hunter packs a more deceptive look and may not come across as having the same engine as the former two
Margin expansion is expected to continue on strong volumes, improving mix, say analysts
F&O View: Options data suggest likely resistance for the stock in the range of Rs 3,670 - 3,750; Support Rs 3,500 - Rs 3,550.
Stocks to watch today: Mankind Pharma has confirmed that the Income Tax Department conducted a search at some of the premises/ plants related to the Company and some of its subsidiaries
Company that makes Royal Enfield motorcycles plans Rs 1,000 crore capex in FY24
Total revenue from operations rose to Rs 3,804 crore for the fourth quarter as compared with Rs 3,193 crore in the year-ago period
Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase
Eicher Motors Ltd on Monday said its arm VE Commercial Vehicles Ltd posted an 18.9 per cent growth in total sales at 6,567 units in April 2023. VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 5,525 units in April 2022, Eicher Motors said in a regulatory filing. April 2023 sales included 6,399 units of the Eicher brand and 168 units of the Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 6,142 units last month as compared to 4,766 units in April 2022, a growth of per cent. Exports of Eicher branded trucks and buses, however, declined 60.5 per cent at 257 units as compared to 650 units in December 2022, it added.
Eicher hot on the trail of TVS, which is a top pick of most brokerages
CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.
Management commentary suggests some raw material decline benefits along with price hike to come in effect from Q4FY23 onwards amid robust demand for its product profile .
Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore
Total expenses rose 24.4% to 30.06 billion rupees, led by a 39% increase in the cost of raw materials and components
Auto industry has 'mostly overcome' semiconductor issue, says leader of Volvo Eicher Commercial Vehicles