Eicher

Revenue hits all-time high, GST cut boosts demand for sub-350cc bikes; seeks uniform 18% GST across all motorcycle segments to boost domestic demand and global competitiveness

VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors, announced on Thursday an investment of Rs 544 crore to set up a production facility for Volvo Group's 12-speed automated manual transmissions. The greenfield factory will be established at Vikram Udyogpuri Integrated Industrial Township, near Ujjain, Madhya Pradesh, the company said in a statement. The investment in automated manual transmission (AMT) production will cater to the needs of Eicher heavy-duty truck customers in India and the Volvo Group in India and select markets in the Asia-Oceania region, it added. As the global manufacturing hub for Volvo Group's 5 & 8 Litre (MDEP) engines since 2013, VECV's Pithampur factory has been a pioneer in making in India for the world, the company said. "The new investment to assemble and produce the Volvo Group AMT is built on the bedrock of this trust and technical capability. It marks another significant step towards our vision of becoming a leading CV .

Vehicles rolling off the all-women final assembly line at this brand-new facility were delivered to leading players in the rapidly transforming Indian logistics industry

The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.

On a sequential basis, the company's PAT rose 7.48%, while the revenue rose by 1.85%

VECV has been associated with TVS SCS since 2006 for in-plant logistics operations at its truck plant in Pithampur

Collaboration will introduce 1,000 zero-emission electric trucks for Amazon's delivery work in 5 years

VE Commercial Vehicles Ltd on Monday reported a 35.2 per cent increase in sales at 11,906 units in March 2023, as compared to 8,803 units in the same month last year. The company, a joint venture of the Volvo Group and Eicher Motors, said Eicher branded trucks and recorded sales of 11,677 units last month, as compared to 8,581 units in March 2022, up 36.1 per cent, the company said in a statement. Domestic sales of Eicher branded trucks and buses were at 11,263 units, as against 7,929 units in March 2022, a growth of 42 per cent, while exports were at 414 units last month, down from 652 units in March 2022. Volvo Trucks and buses posted sales of 229 units, as against 222 units in March 2022, a growth of 3.2 per cent, it said.

The popular motorbike is expected to beat peers in the domestic market in FY22

Product pipeline, network expansion should help tap the uptick in recovery

Higher volumes crucial for sustaining rich stock valuations

Even as the auto industry is headed for some readjustments in profitability as input costs are once again on the rise, Eicher Motors' ability to sustain the 30 per cent operating profit margin in March quarter (Q4) is commendable. This goes about to indicate that if rightly invested in a good product line and quality is maintained, demand follows and customers tend to remain loyal. That's the key takeaway from Eicher's Q4 results. Riding on the back a neat 20 per cent increase in volumes for its Royal Enfield motorcycles and 12.6 per cent growth for its commercial vehicles, net revenue at Rs 1,888 crore in Q4 grew by 23 per cent year-on-year. Since revenue growth was strong, it supported the 15 per cent and 17 per cent increase raw material costs and other expenses, respectively. Therefore, not just did the operating profit expanded by 31 per cent year-on-year to Rs 585 crore in Q4, even operating margins at 31 per cent was better than a year-ago's show of 29.2 per cent. Q4 was the ...

However, medium-term outlook remains strong; use stock correction as buying opportunity, say analysts

Company launches Eicher Pro 1049 truck, a 4.9 tonne in the light commercial vehicle segment