Eicher Motors is trading higher by 4% at Rs 2,165 on reporting 51% year-on-year (y-o-y) growth in its consolidated net profit at Rs 110 crore for the quarter ended March 31. Total income from operations grew 22% at Rs 1,695 crore on y-o-y basis.
Commercial vehicle maker Eicher Motors on Monday reported a 33.34 per cent increase in its consolidated profit after tax at Rs 163.4 crore for the quarter ended March 31. The company had posted a profit after tax of Rs 122.57 crore in the same period last
Eicher Motors has rallied 8.4% to Rs 2,150, also its lifetime high, after VE Commercial Vehicles (VECV), a joint venture between the Volvo Group and Eicher Motors, announced a 20% rise in its total sales at 6,051 units in March, 2012. The company had sold
Commercial vehicles-maker Eicher Motors has reported a 55.74% increase in consolidated net profit for the quarter ended December 31, 2011, to Rs 85.44 crore on the back of its robust performance in all segments.
Eicher Motors' Operating performance is in line with sales at Rs 12.9bn (our est Rs 12.1 bn) while EBITDA is at Rs 1.3bn (in line). The higher other income & lower tax leads to APAT of Rs 763mn (~13% abv est.).
The Tamil Nadu government today allotted 50 acres of land at Oragadam SIPCOT Industrial Park, near Chennai, to the two-wheeler manufacturer, Eicher Motors for its proposed expansion plans.
Eicher Motors Ltd , which has of late been following an aggressive pricing strategy, sees no further price hike in the near term, as it believes commodity prices have started moderating, its chief executive told Reuters on Tuesday.
Eicher Motors has rallied 16% at Rs 1,336 after reporting a 82% jump in consolidated net profit at Rs 73.28 crore for the first quarter ended March 31, 2011. The company had reported a net profit of Rs 40.21 crore in the year-ago period.
VE Commercial Vehicles, the joint venture between India's Eicher Motors and Sweden's Volvo, said on Friday it sold 5,065 Eicher branded trucks and buses in March, a growth of 33%.
Eicher Motors expects to raise its capacity for trucks and buses to 100,0OO units per year from current 48,000 units over the next five years, a top executive told Reuters on Monday.
Eicher Motors has rallied 5% at Rs 1,022 after the commercial vehicle maker reported an over two-fold increase in consolidated profit for the quarter ended December 31, 2010 at Rs 54.86 crore.
Auto-maker Eicher Motors today said its two-wheeler arm, Royal Enfield, plans to set up a new facility to augment production capacity to up to 10,000 motorcycles per month over the next few years.
Eicher Motors plans to invest Rs 500 crore to expand capacity as demand for commercial vehicles rises, and will also ramp up production of its bikes and engines, a top official said on Tuesday.
Eicher Motors today announced a change in top level management with Chief Financial Officer Vinod Aggarwal stepping down after taking over as the CEO of the firm's commercial vehicle joint venture with Volvo.
VE Commercial Vehicles, the joint venture between India's Eicher Motors and Sweden's Volvo, said on Tuesday it sold 3,279 trucks and buses in October compared with 2,257 a year ago, up 45.3 per cent.
Eicher Motors is trading at lifetime high of Rs 1,209, up 14%, on reports that VE Commercial Vehicles (VECV) will start a pilot project to sell Eicher branded products by utilizing its partner Volvo's network in Indonesia within the next 2-3 months.
VE Commercial Vehicles (VECV) today said it will start a pilot project to sell Eicher branded products by utilising its partner Volvo's network in Indonesia within the next 2-3 months.
