Last updated: 31 May, 2021 | 11:02 am
Although doing significantly better in FY21 than in FY20, Eicher is still far from the pre covid numbers in terms of margins and volumes. For Royal Enfield, the company expects even higher exports to American markets due to lesser lockdowns and the Indian demand although came back swiftly, the sales took time to catch up to the demand owing to supply chain issues and gradual ramp-up of production. In the VECV segment, the company realized high market share and EBITDA margin gains due to the company's BS-VI product portfolio being a standout performer in the industry. Further, Eicher Motors is seeing significant recovery in the trucking segment. Still, to reach pre covid numbers, Eicher will have to ramp up RE sales in American markets where covid effects are almost gone and for the domestic market, it will have to, unfortunately, rely on the status of vaccination drives for the economy to pick up sustainably.