Latest news with #EicherMotorsLimited
Hindustan Times
01-07-2025
- Automotive
- Hindustan Times
Classic, Hunter, Bullet, Meteor help Royal Enfield record 22% sales growth in June; exports register sharp uptick
Royal Enfield has registered a 22 per cent YoY sales uptick in June, combining both domestic and export numbers. Check Offers Royal Enfield's parent company, Eicher Motors Limited, in a regulatory filing, has claimed that the two-wheeler brand has registered 22 per cent year-on-year (YoY) sales growth in June this year, with a total of 89,540 units sold, up from 73,141 units recorded in the same month a year ago. This number combines both domestic and international sales figures. Royal Enfield, which sells some of the most popular retro-themed motorcycles in India, also claims to have sold 265,528 units in the first quarter of this financial year, up by 17 per cent from 226,907 units sold in the same period a year ago. The homegrown motorcycle manufacturer that sells products like popular models in the 350 cc segment, including the Classic 350, Bullet 350, Hunter 350, and Meteor 350, has sold 76,680 units last month, up by 25 per cent from 61,465 units sold in the corresponding month a year ago. Between April and June this year, the company has sold 227,454 motorcycles in this segment, which recorded a 17 per cent YoY growth for the brand. Royal Enfield sold 194,183 motorcycles in this segment during the same period last year. In the category with engine capacity of higher than 350 cc, Royal Enfield sells popular models like the Classic 650, Scram 440, Bear 650, Guerrilla 450, Shotgun 650, Himalayan, Super Meteor 650, Interceptor 650, and Continental GT 650. In this segment, the motorcycle manufacturer claims to have registered a 10 per cent YoY growth with 12,860 units sold in June this year. In comparison to that, the company sold 11,676 units in the same month a year ago. In this segment, the motorcycle manufacturer sold 38,074 between April and June 2025. This registered a 16 per cent growth for the company, as it sold 32,724 units in the same period a year ago. Royal Enfield's export numbers too surged significantly in June this year. The company claims to have shipped 12,583 units last month, up by 79 per cent from 7,024 units sold in the international market in June 2024. In the first quarter of this fiscal, the auto company shipped 36,749 motorcycles to overseas markets, up by 65 per cent from 22,221 units shipped in the same quarter a year ago. Check out Upcoming Bikes In India. First Published Date: 01 Jul 2025, 12:48 PM IST
Business Upturn
01-07-2025
- Automotive
- Business Upturn
Eicher Motors' subsidiary VE Commercial Vehicles reports flat sales in June 2025 with marginal 0.8% YoY decline
VE Commercial Vehicles Limited (VECV), a subsidiary of Eicher Motors Limited, reported largely flat sales figures for June 2025. The company sold a total of 7,363 units during the month, a slight drop of 0.8% compared to 7,424 units sold in June 2024. In the domestic market, sales stood at 6,722 units, down 2.5% year-on-year. Light and medium-duty (LMD) trucks under 18.5T posted a modest growth of 2.1%, with 3,166 units sold. However, heavy-duty (HD) trucks declined by 1.8% to 1,759 units. Bus sales saw mixed results, as LMD buses dropped 13.5% to 1,617 units, while HD buses grew 37.4% to 180 units. On the export front, VECV saw an overall increase of 13.1% in June 2025, with 476 units shipped compared to 421 units last year. LMD trucks led the growth with a 16.8% rise, while HD truck exports fell sharply by 69.4%. Bus exports rose 72.1% to 117 units. Sales of Volvo-branded trucks and buses under VECV rose by 50% in June, reaching 165 units. Despite the slight decline in monthly numbers, VECV reported a healthy year-to-date (April to June) growth of 9.7% for FY26. Total sales in the first three months of the fiscal reached 21,610 units, up from 19,702 units during the same period last year. Domestic volumes rose 9.1%, while exports were up 20.5%. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Insider
01-06-2025
- Automotive
- Business Insider
Citi Keeps Their Sell Rating on Varroc Engineering Limited (VARROC)
In a report released on May 30, Arvind Sharma from Citi maintained a Sell rating on Varroc Engineering Limited (VARROC – Research Report), with a price target of INR510.00. The company's shares closed last Friday at INR528.65. Confident Investing Starts Here: Sharma covers the Consumer Cyclical sector, focusing on stocks such as Eicher Motors Limited, Exide Industries Limited, and Hero Motocorp Limited. According to TipRanks, Sharma has an average return of 2.7% and a 54.17% success rate on recommended stocks. Currently, the analyst consensus on Varroc Engineering Limited is a Moderate Buy with an average price target of INR525.00. Based on Varroc Engineering Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR18.99 billion and a net profit of INR324.06 million. In comparison, last year the company earned a revenue of INR17.92 billion and had a net profit of INR322.57 million
Business Upturn
01-06-2025
- Automotive
- Business Upturn
Eicher Motors' subsidiary VE Commercial Vehicles reports 7.3% YoY sales growth in May 2025
By Aman Shukla Published on June 1, 2025, 11:42 IST VE Commercial Vehicles Limited (VECV), the unlisted subsidiary of Eicher Motors Limited, has reported a positive sales performance for the month of May 2025. The company achieved a total sales volume of 7,402 units, registering a growth of 7.3% compared to 6,901 units sold in May 2024. This includes sales across all segments such as Eicher Trucks and Buses (inclusive of electric vehicles), as well as Volvo-branded vehicles. Eicher-branded trucks and buses, which form the core of VECV's business, saw sales of 7,258 units in May 2025, up from 6,719 units in the same period last year, reflecting an 8.0% year-on-year growth. This performance was driven by strong demand in the domestic market, particularly in the light and medium-duty (LMD) truck and bus segments. The domestic sales stood at 6,758 units, showing a 7.2% increase from 6,304 units in May 2024. Within the domestic market, the SCV/LMD truck segment (vehicles under 18.5 tonnes) witnessed a robust 15.2% growth, with 3,236 units sold in May 2025 as compared to 2,809 units a year ago. The LMD bus segment also posted healthy growth of 9.5%, delivering 1,882 units against 1,718 units in May 2024. On the other hand, the heavy-duty (HD) truck segment (vehicles 18.5 tonnes and above) experienced a slight decline of 8.1%, with sales slipping to 1,502 units from 1,635 units. Similarly, the HD bus segment reported a marginal drop of 2.8% year-on-year. Export markets offered a strong performance boost, with total export volumes rising by 20.7% to 501 units in May 2025, compared to 415 units in May 2024. The growth was largely led by the HD export segment, which surged by an impressive 520% year-on-year. Exports of LMD vehicles also improved by 8.2%, while the bus segment witnessed a decline of 10.5%. Meanwhile, Volvo Trucks and Buses sales stood at 144 units in May 2025, down from 182 units in the same month last year, reflecting a 20.9% drop. This decline had a modest impact on the overall performance, as Eicher-branded vehicles continue to dominate VECV's portfolio. Cumulatively for the first two months of FY 2025-26, VECV has sold 14,248 units, a 16.0% increase over the 12,278 units sold in the same period of FY 2024-25. The domestic market contributed 13,015 units during this period, marking a 16.2% growth. Exports also rose significantly by 24.6%, totaling 961 units. Notably, the SCV/LMD truck category grew by 18.0%, while the LMD bus segment surged by 31.5%, reflecting VECV's growing strength in these segments. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
News18
15-05-2025
- Automotive
- News18
Eicher Motors Reports Highest Ever PAT At Rs 1362 Cr In Q4, Buy, Hold Or Sell?
Last Updated: Brokerage has upgraded its rating to 'add' from 'hold' for Eicher Motors after Royal Enfield maker reports record-breaking revenue, EBITDA and PAT. Check price target. Eicher Motors Q4 FY2024-25 Results, Eicher Motors Share Price, Eicher Motors : Eicher Motors Limited reported a strong quarter for Q4 FY25 with record-breaking revenue, EBITDA and PAT, beating street estimates in most parameters. Shares of Eicher Motors traded flat at around Rs 5,445 apiece on Wednesday in the morning session. Eicher Motors Limited (EML) reported its highest-ever revenue from operations of Rs 5,241 crore for the quarter ended March 31, 2025, registering a growth of 23.1% over the same quarter last year. EBITDA stood at Rs 1,258 crore, up 11.4% year-on-year, while Profit After Tax was Rs 1,362 crore, reflecting a 27.3% increase. Royal Enfield recorded its highest-ever quarterly sales with 2,80,801 motorcycles, a 23.2% growth over Q4 FY24. Royal Enfield Final Dividend 2025 Royal Enfield declared a final dividend of Rs 70 per share (face value of Rs 1 per share) for the financial year ended March 31, 2025, which is 34% higher than FY 2024. Eicher Motors FY25 Performance Eicher Motors achieved its best-ever financial performance in the previous financial year with revenue from operations rising to Rs 18,870 crore, up 14.1% YoY, while EBITDA stood at Rs 4,712 crore, a growth of 8.9%. Profit After Tax stood at Rs 4,734 crore, up 18.3% YoY. Royal Enfield recorded a landmark milestone, crossing 1 million annual sales for the first time. Total volumes stood at 1,002,893 units, a 10.0% YoY increase. Domestic sales grew 8.1% to 902,757 units, while international volumes grew 29.7%, with 100,136 motorcycles exported. Choice Broking has upgraded its rating to 'add' from 'hold' for Eicher Motors at the CMP of Rs 5,446. The target price for the stock is now Rs 5,885 per share, reflecting an upside of 7.45. The brokerage said 'marginally raised our FY26/27 EPS estimates by 2.9%/2.8%, respectively, resulting in a revised target price of Rs 5,885 per equity (earlier Rs 5,385), based on a P/E multiple of 25x on FY27E EPS. First Published: May 15, 2025, 11:25 IST
