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Eicher Motors had reported a 63% growth net profit at Rs 107.43 crore for the July to September period of year 2013 against a net profit of Rs 66.01 crore during the same period of previous year. The company also registered a 13% rise in net sales which stood at Rs. 1,662 crore during the July to September period of year 2013, compared to Rs 1,471 crore during the same period of year 2012.

Sales Overview

Considerable slow down had pulled down sales of commercial vehicle segment of Eicher Motors for the  third quarter of calender year 2013, while Royal Enfield's sales are blossoming.

The company had lured an investment around 2500 Crores in the last 18 months, of which Rs. 1300 Crores went into modernization of CV range. The new range of commercial vehicles are set to launch in December 2013.

Source – Autobei, Company

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Comments

  1. Eicher Motors is laughing all the way to the bank, thanks to Royal Enfield (RE). But with Harley’s India-specific Street range and Triumph’s Bonneville launch in the vicinity, RE in all probability will not continue to blossom the way it is for too long. RE definitely commands a massive fan base in India comprising of idiotic, egoistic and insecure riders/owners who will continue to support RE’s stupid attempts at tickling the heritage nerve amongst buyers; but Harleys’ upcoming propositions are just too irresistible in terms of bang for buck.

  2. Reetabrata Bhattacharya says:

    Eicher Motors is laughing all the way to the bank, thanks to Royal Enfield (RE). But with Harley’s India-specific Street range and Triumph’s Bonneville launch in the vicinity, RE in all probability will not continue to blossom the way it is for too long. RE definitely commands a massive fan base in India comprising of idiotic, egoistic and insecure riders/owners who will continue to support RE’s stupid attempts at tickling the heritage nerve amongst buyers; but Harleys’ upcoming propositions are just too irresistible in terms of bang for buck.

    Reetabrata Bhattacharya,
    Senior Manager Corporate Communications at India Infoline Ltd

    • Manish Mehra says:

      Hi Reetabrata. Thanks for the update on good old RE. Do you know whois going to be the partner with Harley in INDIA and where and when are they going to start production. The info would be of great help..

      Manish Mehra
      General Manager- Arteco Coolants India

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