Eicher Motors Ltd (EICHERMOT)

Eicher Motors Gains Alongside Auto Industry After Budget Announcements - 23 Jul, 2024

Eicher Motors saw a rise in share prices of 1-3% following the announcement of budget measures aimed at supporting rural growth. The company was also among the top gainers in Nifty-50 stocks.

Eicher Motors Receives GST Demand Order; Royal Enfield Launches New Model - 19 Jul, 2024

Eicher Motors has received a GST demand order of ₹15 lakh from Haryana authorities, while Royal Enfield launched the new model, Guerrilla 450, which could support export volumes and aid in revenue and profitability.

Brokerages Issue Bearish Calls After Royal Enfield Launches New Product - 18 Jul, 2024

Eicher Motors' stock falls by 3% after Nomura and CLSA give reduce or underperform call due to launch of Royal Enfield Guerrilla 450. However, global brokerage maintains buy rating with a target price of Rs 5,400. Analysts do not expect the launch to drive volume growth amid limited benefits for consumers to shift to higher cc segment.

Eicher Motors Reports Increased EBITDA and Launches New Model - 17 Jul, 2024

Eicher Motors reports a significant increase in EBITDA per unit over the past two years, while Royal Enfield launches its new model, the Royal Enfield Guerrilla 450, with bookings now open in India and Europe.

Private Companies Own 46% of Eicher Motors Ltd - 14 Jul, 2024

Eicher Motors Limited has a significant ownership concentration, with the top four shareholders controlling more than half of the company. Insiders, including the CEO, own a meaningful stake worth ₹45b. Institutions own 30%, while the general public owns 19%.

Kotak Highlights Concerns Over Two-Wheeler Market Expansion - 08 Jul, 2024

Kotak has raised concerns over the sustainability of high profitability and return ratios in India's two-wheeler market. Reverse valuation exercises suggest that significant expansion is required to justify current stock prices for Eicher Motors, Hero MotoCorp, and TVS Motors.

Eicher Motors Expects Growth in Commercial Vehicle Sales - 04 Jul, 2024

Vinod Aggarwal, CEO of Volvo Eicher Commercial Vehicles (VECV), expects growth in the commercial vehicle industry from September due to the festive season, promising monsoon forecast, strong replacement demand, and supportive government policies. VECV's parent company, Eicher Motors, reported double-digit growth in CV sales for two consecutive months, with high replacement demand and supportive government policies driving this uptick. Aggarwal believes there is substantial room for growth, particularly in the heavy-duty truck segment.

Eicher Motors' Royal Enfield Sales Decline in June - 02 Jul, 2024

Eicher Motors subsidiary, Royal Enfield, reported a 5% decline in June sales on a YoY basis, selling 73,141 motorcycles compared to 77,109 last year. Domestic and international markets both declined during the month.

Eicher Trucks & Buses Rolls Out 50,000th Fully Factory-Built Bus - 26 Jun, 2024

Eicher Trucks & Buses has announced the rollout of its 50,000th fully factory-built bus from its Madhya Pradesh plant. The milestone vehicle is the Eicher Skyline Pro E electric bus. VECV is among the largest bus manufacturers in India.