Eicher Motors Surges with Record Motorcycle Sales and New EV Launch

Eicher Motors reported an 18% increase in profit after tax, reaching Rs 1,171 crore for Q3 of FY2024. Revenue grew to Rs 4,973 crore, boosting sales through Royal Enfield's record motorcycle volume and the launch of its new EV brand, Flying Flea, amidst a sluggish commercial vehicle market.

In the third quarter ending December 2024, Eicher Motors saw an 18% rise in consolidated profit after tax, achieving Rs 1,171 crore, boosted by increased sales and revenue enhancements.

Royal Enfield, a subsidiary of Eicher, posted its highest-ever quarterly motorcycle sales, delivering 2,69,039 units, marking a 17% growth compared to the same period last year.

Siddhartha Lal, Managing Director of Eicher, highlighted the strategic advancements, including the launch of the electric vehicle brand, Flying Flea. The company aims to enhance its presence across all segments despite a sluggish commercial vehicle industry.

(With inputs from agencies.)