Eicher Motors Q3 net profit flat at โ‚น488 crore


Royal Enfield sold 1.99 lakh motorcycles, marking an increase of 5% over the year-earlier period.

Eicher Motors Ltd. reported standalone net profit for the third quarter ended December remained almost unchanged at โ‚น488 crore.

Total revenue from operations rose 19% to โ‚น2,804 crore. Royal Enfield sold 1.99 lakh motorcycles, marking an increase of 5% over the year-earlier period.

โ€œAs of December, the company was producing 75,000 units per month,โ€ Vinod K. Dasari, CEO, Royal Enfield, told the media.

โ€œThis quarter has been encouraging as we have exceeded pre-COVID-19 production levels and had our best-ever December performance till date. Our long term goal is to have at least 20% of revenue coming outside India,โ€ he added.

โ€œWhile we have been able to stabilise our supply chain to some degree, there are still a few issues with erratic supplies, as well as increase in logistics and commodity costs. The demand has been steady and our bookings have stayed strong for the entire quarter,โ€ he said.

โ€œWe want to be a global player and be present in all the major markets,โ€ said Siddhartha Lal, MD.

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