Two-wheel rides saddle up: Growth recovery, valuations to kick-start gains

Eicher hot on the trail of TVS, which is a top pick of most brokerages
17-04-2023

Macquarie downgrades Eicher Motors to neutral

Brokerage firm Macquarie Research has downgraded its rating on Eicher Motors to neutral and cut its target price to Rs 3258 a share, according to CNBC TV. Despite this downgrade, the stock was up 1.4 percent to Rs 3095 a share.
12-04-2023
Bigul

EICHER MOTORS LTD. - 505200 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
05-04-2023

VE Commercial Vehicles posts 35.2% rise in sales at 11,906 units in March

VE Commercial Vehicles Ltd on Monday reported a 35.2 per cent increase in sales at 11,906 units in March 2023, as compared to 8,803 units in the same month last year. The company, a joint venture of the Volvo Group and Eicher Motors, said Eicher branded trucks and recorded sales of 11,677 units last month, as compared to 8,581 units in March 2022, up 36.1 per cent, the company said in a statement. Domestic sales of Eicher branded trucks and buses were at 11,263 units, as against 7,929 units in March 2022, a growth of 42 per cent, while exports were at 414 units last month, down from 652 units in March 2022. Volvo Trucks and buses posted sales of 229 units, as against 222 units in March 2022, a growth of 3.2 per cent, it said.
03-04-2023

Royal Enfield plans assembly operations in Nepal, Bangladesh, to strengthen international presence: CEO B Govindarajan

The company, which is present in over 40 countries in the middleweight motorcycle category of 250cc to 750cc, is banking on its existing products and "a slew of new products lined up" to enhance its share in the markets and segments it is present.
03-04-2023

Royal Enfield records increase in total sales by 7% at 72,235 units in Mar

Motorcycle maker Royal Enfield on Saturday reported a 7 per cent growth in total sales at 72,235 units in March, as compared to 67,677 units in the same month last year. Domestic sales were at 59,884 units in the month under review, as against 58,477 units in the year-ago month, a growth of 2 per cent, the company said in a statement. Exports grew 34 per cent last month at 12,351 units, as compared to 9,200 months in March 2022. For the fiscal 2022-23, Royal Enfield said it posted a 39 per cent growth with a record total sales of 8,34,895 motorcycles. The company's sales stood at 6,02,268 units in FY22. Exports were also at record high at 1,00,055 units in FY23, as compared to 81,032 units in FY22, up 23 per cent. Royal Enfield CEO B Govindarajan said it was a remarkable year for the company achieving new heights in sales and market share, and crossed 1,00,000 international volumes for the first time. "Our motorcycles, like the Hunter 350 and Super Meteor 650, have exceeded...
01-04-2023
Bigul

EICHER MOTORS LTD. - 505200 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

ROYAL ENFIELD ANNOUNCES SALE VOLUMES FOR MARCH 2023 AND FY 2022-23 REGISTERS HIGHEST EVER SALES OF 8,34,895 FOR THE FINANCIAL YEAR
01-04-2023
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EICHER MOTORS LTD. - 505200 - Announcement under Regulation 30 (LODR)-Monthly Business Updates

Release of information to SIAM with respect to sales volume of the Company for the month of March 2023
01-04-2023
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