Page 7 - Eicher Motors

Riding on robust sales, iconic Royal Enfield hits the global road

After facing shareholder heat last month, how has Lal's gamble to take the brand international fared?

Pick up in economic activities boosts freight rates, CV sales in August

For the first time since Covid outbreak, revenue of the operators is outpacing income and prompting them not only to replace older trucks but also expand fleet

VE Commercial Vehicles posts nearly 2-fold jump in August sales

VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, on Wednesday reported a nearly two-fold jump in total sales at 4,793 units in August 2021. The company had sold a total of 2,477 units in the same month last year, VE Commercial Vehicles Ltd (VECV) said in a statement. Sales of Eicher branded trucks and buses were at 4,667 units last month as compared to 2,440 units in August 2020, a growth of 91.3 per cent, it added. In the domestic market, Eicher brand of CVs clocked sales of 3,864 units as against 2,190 units in the year-ago month, up 76.4 per cent. Exports of Eicher branded trucks and buses stood at 803 units last month as compared to 250 units in August 2020. Volvo trucks and Volvo buses recorded sales of 126 units in August 2021 as against 37 units in the corresponding month last year, the company said.

Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank

The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package

Eicher Motors re-appoints Enfield's turnaround man Siddhartha Lal as MD

The company said the primary concern of the investors was not Lal's reappointment or the proposed compensation

Top headlines: FM gives Sept 15 deadline to Infy; Eicher re-appoints Lal

Business Standard brings you the top stories this evening

Eicher Motors re-appoints Siddhartha Lal as MD, revises pay structure

Board clarified that the pay hike for MD is in line with average employee's 9.7%; revised remuneration structure, with a maximum cap at 1.5 per cent of profits

Siddhartha Lal, voted down by Eicher shareholders, gets Enfield staff backing

While extending support on the re-appointment, Sampath, vice-president, Royal Enfield Employees Union, was critical of the way employees unions are treated

The rumble over CEO pay

Eicher Motors board must resolve the crisis quickly

Ex-TV scribe, legal hawk part of panel which fixes Siddhartha Lal's pay

Eicher's Lal earns 300 times more than median for an Eicher employee

Eicher Board to meet over MD's salary as shareholders reject re-appointment

Siddharth Lal's total salary increased from Rs 9.2 crore in 2016-17 to Rs 21.12 crore in 2020-21, a jump of about 130 per cent.

Eicher's shareholders rejected MD's re-appointment over salary hike: Report

Siddhartha Lal's reappointment as MD was voted down over a 10% hike in his salary proposed amid the pandemic when the revenues and profits have been slow, say media reports

Stocks to watch: Tata Steel, Eicher Motors, Hero Moto, SpiceJet, Dish TV

NMDC posted an over six-fold jump in its consolidated net profit to Rs 3,191.30 crore in the first quarter ended June

Top headlines: Enfield CEO resigns; Tata Steel posts Rs 9,768-cr Q1 profit

Business Standard brings you the top headlines this evening

Eicher posts net profit of Rs 237 cr in Q1; Royal Enfield CEO steps down

COO B Govindarajan will replace Vinod K Dasari with effect from August 18

Trading calls by Osho Krishan of Anand Rathi: Buy Eicher Motors, Exide

Eicher Motors' stock has been trading with a positive bias and is placed well above all its major exponential moving averages on the daily time frame

Royal Enfield sells total 27, 294 units in May, down 49% from April

Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, on Tuesday said it has sold a total of 27,294 units in May, down 49 per cent from 53,298 units in April this year.

For Eicher Motors, recovery gains are already factored into the stock

Near term can see pressure on volumes due to demand, as well as supply concerns

Eicher Motors' profit after tax jumps 73% to Rs 526 cr in March quarter

Eicher Motors Ltd on Thursday reported a 73 per cent jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales

Eicher Motors' Q4 net rises 73% to Rs 526 cr, revenue at all-time high

The company's board recommended a final dividend of Rs 17 per share for the financial year 2020-21