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Motorcycle to commercial vehicles: Eicher Motors stock cruising smoothly

Business prospects appear good, but the expected launch of Bajaj Auto's line of Triumph bikes could challenge Royal Enfield's dominance

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,

Devangshu Datta

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Eicher Motors is a leader in the premium motorcycle segment, where it holds market share of over 85 per cent under the Royal Enfield (RE) brand. The company’s joint venture VE Commercial Vehicles (VECV) with Volvo, where it holds 54.5 per cent stake, gives it a strong footing in commercial vehicles (CVs). The company had good results in FY23 and it has a strong balance sheet and good operating margins.

The consolidated Q4 FY23 revenues were at Rs 3,804 crore, up 2.2 per cent quarter-on-quarter (QoQ) and consolidated profit after tax (PAT) was at Rs 906 crore, up 22.2 per

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First Published: Jun 22 2023 | 4:46 PM IST

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