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.
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