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Eicher Motors Ltd News

F&O Alert: These 3 Nifty stocks trade with high PCR; check key levels here

May F&O expiry strategy: In general, stocks with high Open Interest based Put Call Ratio (PCR) tend to trade with a positive bias or find strong support in case of dips.

F&O Alert: These 3 Nifty stocks trade with high PCR; check key levels here
Updated On : 27 May 2024 | 9:16 AM IST

Brokerages mixed on Eicher Motors after Q4; check latest target prices

Overall, Eicher Motors reported promising numbers, with profits surging over 31 per cent to Rs 983.3 crore in Q4FY24, compared to Rs 747 crore in Q4FY23

Brokerages mixed on Eicher Motors after Q4; check latest target prices
Updated On : 13 May 2024 | 2:01 PM IST

Eicher Motors' Q4 PAT rises 18%, Royal Enfield sales hit record high

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

Eicher Motors' Q4 PAT rises 18%, Royal Enfield sales hit record high
Updated On : 11 May 2024 | 3:00 PM IST

VE Commercial Vehicles total sales decline 18.1% to 5,377 units April

Eicher Motors Ltd on Wednesday said its arm VE Commercial Vehicles Ltd posted an 18.1 per cent year-on-year decline in total sales to 5,377 units in April 2024. VE Commercial Vehicles (VECV) -- a joint venture of the Volvo Group and Eicher Motors -- sold 6,567 units in April 2023, Eicher Motors said in a regulatory filing. April 2024 sales included 5,254 units of the Eicher brand and 123 units of the Volvo label, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 4,898 units last month compared to 6,142 units in April 2023. Exports of Eicher branded trucks and buses rose 38.5 per cent to 356 units compared to 257 units in April 2023, it added.

VE Commercial Vehicles total sales decline 18.1% to 5,377 units April
Updated On : 01 May 2024 | 3:39 PM IST

F&O rollovers insights: FIIs up index shorts; reduce longs in stock futures

Rollover analysis May series: HNIs are starting May series with record high OI in single-stock futures; Nuvama Alternative & Quantitative Research expects Nifty to hit highs after range-bound trade.

F&O rollovers insights: FIIs up index shorts; reduce longs in stock futures
Updated On : 26 Apr 2024 | 9:07 AM IST

Royal Enfield maker Eicher Motors sets up Dutch unit for EU expansion plan

The business is growing quickly in the EU and the new warehouse will cut lead times to two weeks from 90 days currently, Gopal added

Royal Enfield maker Eicher Motors sets up Dutch unit for EU expansion plan
Updated On : 25 Mar 2024 | 7:54 PM IST

Eicher Motors rallies 4% after UBS upgrades stock to 'Buy', sees 29% upside

The brokerage is upbeat on the company's prospects due to promising growth outlook of Royal Enfield

Eicher Motors rallies 4% after UBS upgrades stock to 'Buy', sees 29% upside
Updated On : 20 Mar 2024 | 10:11 AM IST

Royal Enfield wholesales increase 6% in February, exports rise 13%

Motorcycle maker Royal Enfield on Friday reported a 6 per cent year-on-year increase in wholesales to 75,935 units in February. The company, a part of Eicher Motors, had dispatched 71,544 units in the same month last year. Domestic sales were at 67,922 units last month as against 64,436 units in the year-ago month, a growth of 5 per cent, Royal Enfield said in a statement. Exports rose 13 per cent to 8,013 units compared to 7,108 units in February 2023, it added. "Over the last few months, while our new motorcycle launches have done exceedingly well, our existing motorcycles have also contributed to our strong growth momentum across bookings and retails," Royal Enfield CEO B Govindarajan said. "As we come to the close of the financial year, we are confident of a strong and healthy overall performance, and believe that we can continue this momentum for the next year as well," he said.

Royal Enfield wholesales increase 6% in February, exports rise 13%
Updated On : 01 Mar 2024 | 2:37 PM IST

Royal Enfield partners with K-Rides Motosiklet to enter Turkiye market

Mid-sized motorcycle maker Royal Enfield on Friday announced its foray into the Turkish market through a distribution partnership with K-Rides Motosiklet ve Bisiklet San. ve Tic. A.S., a subsidiary of Kibar Holding. K-Rides Motosiklet ve Bisiklet San. ve Tic. A.S. will be the official distributor partner in Turkiye. The first flagship store is set to open in Istanbul this spring, Royal Enfield said in a statement. Through the partnership a lineup of motorcycles including Bullet, Classic, HNTR, Meteor, Super Meteor, Interceptor, Continental GT, the new Himalayan and the Shotgun, featuring engine displacements of 350cc and 650cc will be sold in the country, it added. "We are confident in their knowledge and deep understanding of the Turkish markets and with this association Royal Enfield will further strengthen its presence in the region's mobility sector," said Royal Enfield Chief Commercial Officer Yadvinder Sing Guleria. Kibar Holding Chief Corporate Development Officer Gokhan ..

Royal Enfield partners with K-Rides Motosiklet to enter Turkiye market
Updated On : 16 Feb 2024 | 7:03 PM IST

Auto shares rally; Maruti Suzuki, TVS, Hero Moto, Bajaj, M&M hit new highs

In the past one month, the S&P BSE Auto index has rallied 10 per cent against a 1 per cent decline in the S&P BSE Sensex

Auto shares rally; Maruti Suzuki, TVS, Hero Moto, Bajaj, M&M hit new highs
Updated On : 16 Feb 2024 | 11:23 AM IST

Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday

Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.

Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday
Updated On : 14 Feb 2024 | 7:48 AM IST

Eicher Motors Q3 results: Profit up 34% at Rs 996 cr, beats estimates

The company's profit rose 34.4% to Rs 996 crore ($120 million) in the three months to Dec. 31, beating analysts' estimates of Rs 989 crore, as per LSEG data

Eicher Motors Q3 results: Profit up 34% at Rs 996 cr, beats estimates
Updated On : 13 Feb 2024 | 3:44 PM IST

Eicher expects exports of Royal Enfield to pick up after two-year slump

Strong domestic sales of Royal Enfield, a premium-priced motorcycle, helped Eicher post a bigger-than-expected 12.3% jump in revenue to 41.79 billion rupees ($504 million) for the Oct-Dec quarter

Eicher expects exports of Royal Enfield to pick up after two-year slump
Updated On : 13 Feb 2024 | 9:09 PM IST

Eicher enters small commercial vehicles segment, unveils 'EV-first' truck

The vehicle is scheduled for customer trials in April 2024, with a commercial rollout expected in the first quarter of 2025

Eicher enters small commercial vehicles segment, unveils 'EV-first' truck
Updated On : 03 Feb 2024 | 5:17 PM IST

Royal Enfield sales rise 2% at 76,187 units in Jan, exports decline

Motorcycle maker Royal Enfield said on Thursday its total vehicle sales grew 2 per cent year-on year to 76,187 units in January 2024. The company had sold a total of 74,746 motorcycles in January 2023. The domestic sales were up 4 per cent at 70,556 motorcycles last month compared to 67,702 units while exports declined 20 per cent at 5631 units from 7044 units in January 2023, it stated. "Our recently launched motorcycles continue to perform well across markets, and we have had a great start to the new year. We are confident that we will sustain our growth momentum for months to come," said B Govindarajan, CEO at Royal Enfield.

Royal Enfield sales rise 2% at 76,187 units in Jan, exports decline
Updated On : 01 Feb 2024 | 5:45 PM IST