Eicher Motors Ltd

(EICHERMOT)

Eicher Motors Faces Challenges Amidst Market Share Loss - 10 Sep, 2024

Eicher Motors' Royal Enfield reported muted retail volume growth of 1% in FY25 YTD, losing market share. Despite strong margins, EPS growth is expected to be limited at ~8% YoY. Elara Securities has reduced EPS estimates by 3-4% for FY24-27E due to flat domestic volume growth and rising competition. The outlook remains negative as high prices and new model cannibalization hinder demand.

Eicher Motors Reports Growth and Positive Outlook - 03 Sep, 2024

Eicher Motors reported a consolidated total income of Rs 4,675 crore for Q2 2024, a 2.5% increase from the previous quarter and a 10.53% rise year-over-year. The net profit after tax was Rs 926.90 crore. Hem Securities recommends a buy with a target price of Rs 5,950.

Eicher Motors Reports Mixed Sales Performance - 02 Sep, 2024

Eicher Motors experienced a 5% decline in Royal Enfield motorcycle sales in August 2024, while VE Commercial Vehicles sales rose 1%. The stock fell 0.97% despite a significant increase in net profit for Q1 FY25.

Eicher Motors Reports Mixed Sales Performance - 01 Sep, 2024

Royal Enfield's sales fell by 5% to 73,629 units, while exports decreased by 2%. In contrast, VE Commercial Vehicles saw a 1% sales increase to 6,543 units, with domestic sales up by 2%. However, exports for VE Commercial Vehicles dropped significantly by 23.25%.

Eicher Motors Launches Vehicle Scrappage Incentive Program - 29 Aug, 2024

Eicher Trucks and Buses has introduced a program incentivizing customers to scrap old vehicles for new purchases, offering incentives of 1.25% to 3% based on vehicle cost. The program starts on September 1, 2024, and lasts for two years.

Eicher Motors Faces GST Demand Order - 27 Aug, 2024

Eicher Motors Limited has received a GST demand order totaling INR 5.3 million due to GST credit mismatches. The order includes tax, interest, and penalties.

Royal Enfield Targets Growth with New Launches - 19 Aug, 2024

Royal Enfield aims to boost sales through new models like Hunter, Himalayan, and Guerrilla 450. The company reported a slight increase in motorcycle sales, reaching 2,27,736 units in Q1 2023.

Eicher Motors Reports Stable EBITDA Amid Export Decline - 18 Aug, 2024

Eicher Motors experienced a 3% drop in exports last quarter but expects improvements. The Q1 FY25 EBITDA margin is 26.5%, with ICICI Securities maintaining an ADD rating and a target price of Rs 4827. The stock closed at Rs 4816.10, up 1.76%.

Eicher Motors to Deliver 100 CNG Trucks - 14 Aug, 2024

Eicher Motors is set to deliver 100 Pro 2114XP CNG trucks to Nuniwal Roadways in Gurgaon. These trucks feature advanced technology, superior uptime, and best-in-class fuel efficiency.

Royal Enfield Launches New Classic 350 Model - 13 Aug, 2024

Royal Enfield, a subsidiary of Eicher Motors, has unveiled the new Classic 350 motorcycle, set to launch on September 1, 2024. This update is expected to enhance the brand's appeal in the competitive motorcycle market.

Eicher Motors Receives Positive Rating Amid Classic 350 Launch - 12 Aug, 2024

Eicher Motors is highlighted for its leadership in the premium motorcycle segment. The unveiling of the 2024 Classic 350 and growth guidance for FY25 support a positive outlook.