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As on 01-Dec-2023  15:35

Eicher Motors CV sales rises 6% YoY in Nov?23
The total domestic sales of Eicher trucks and buses increased 4.5% to 4,686 units while total exports jumped 27.8% to 303 units in November 2023 over November 2022.

Total sales of Volvo trucks and buses jumped 12% to 205 units in November 2023 as compared with 183 units sold in November 2022.

Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.

The automobile major's consolidated net profit surged 54.71% to Rs 1,016.25 crore in Q2 FY24 from Rs 656.86 crore posted in Q2 FY23. The company recorded its highest ever revenue from operations at Rs 4,114.53 crore in the second quarter of FY24, registering a growth of 16.91% YoY.

The scrip fell 0.33% to Rs 3886 on the BSE.

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