EICHERMOT
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India Autodealers Body FADA Says Dec’25 Auto Retail At 20,28,821 Units
Jan 6 (Reuters) - INDIA AUTODEALERS BODY FADA:
DEC’25 AUTO RETAIL AT 20,28,821 UNITS
DEALER SENTIMENT REMAINS FIRMLY POSITIVE, WITH OUR SURVEY INDICATING 70.48% EXPECTING GROWTH
OVER NEXT 3 MONTHS, RETAIL OUTLOOK REMAINS DECISIVELY UPBEAT
DEC’25 AUTO RETAIL UP 14.63% YOY
(([email protected];))
Jan 6 (Reuters) - INDIA AUTODEALERS BODY FADA:
DEC’25 AUTO RETAIL AT 20,28,821 UNITS
DEALER SENTIMENT REMAINS FIRMLY POSITIVE, WITH OUR SURVEY INDICATING 70.48% EXPECTING GROWTH
OVER NEXT 3 MONTHS, RETAIL OUTLOOK REMAINS DECISIVELY UPBEAT
DEC’25 AUTO RETAIL UP 14.63% YOY
(([email protected];))
Eicher Motors Says Dec Total VECV Volume 10,384 Units
Jan 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS - DEC TOTAL VECV VOLUME 10,384 UNITS
Source text: ID:nBSE3wj0KD
Further company coverage: EICH.NS
(([email protected];))
Jan 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS - DEC TOTAL VECV VOLUME 10,384 UNITS
Source text: ID:nBSE3wj0KD
Further company coverage: EICH.NS
(([email protected];))
India's Eicher Motors set for best year since 2014
** Royal Enfield motorcycle maker Eicher Motors' EICH.NS set for its best year since 2014, up 49% YTD
** In September, India lowered the effective tax paid on various categories of cars and motorcycles
** Tax cuts and supportive fiscal, monetary policy to be tailwinds for EICH - analysts say
** In Q2, Royal Enfield's overseas shipments, typically more profitable than domestic sales, jumped 55.1%, helped by expansions into newer geographies this year
** Shares largely flat on Wednesday at xx rupees
** Average rating by 33 analysts on stock is 'hold'; median PT is 7,152 rupees - data compiled by LSEG
** EICH is the third highest weighted stock on Nifty Auto index .NIFTYAUTO which is up 23% YTD
(Reporting by Brijesh Patel in Bengaluru)
(([email protected] ; Ph no. +91 9590227221;))
** Royal Enfield motorcycle maker Eicher Motors' EICH.NS set for its best year since 2014, up 49% YTD
** In September, India lowered the effective tax paid on various categories of cars and motorcycles
** Tax cuts and supportive fiscal, monetary policy to be tailwinds for EICH - analysts say
** In Q2, Royal Enfield's overseas shipments, typically more profitable than domestic sales, jumped 55.1%, helped by expansions into newer geographies this year
** Shares largely flat on Wednesday at xx rupees
** Average rating by 33 analysts on stock is 'hold'; median PT is 7,152 rupees - data compiled by LSEG
** EICH is the third highest weighted stock on Nifty Auto index .NIFTYAUTO which is up 23% YTD
(Reporting by Brijesh Patel in Bengaluru)
(([email protected] ; Ph no. +91 9590227221;))
India's Royal Enfield motorcycle maker posts higher second-quarter profit
Adds details and background from paragraph 3
Nov 13 (Reuters) - India's Eicher Motors EICH.NS, maker of Royal Enfield motorcycles, reported higher second-quarter profit on Thursday, riding on a jump in sales both domestically and outside the country.
The company said its consolidated net profit rose 24.5% year-on-year to 13.69 billion rupees ($155.75 million) in the three months to September 30.
Royal Enfield recorded its highest jump in motorcycle sales in more than three years, rising 43.2% year-over-year.
Eicher Motors, which leads motorcycle sales in the premium category in India, logged a 26.8% increase in sales of motorcycles with engine capacity above 350cc, such as the 'Himalayan', indicating strong consumer appetite for premium and higher margin bikes.
Royal Enfield's overseas shipments, typically more profitable than domestic sales, jumped 55.1%, helped by expansions into newer geographies this year.
Industry-wide two-wheeler sales in India rose 7.4% in the quarter ended September, helped by a boost in demand during the local Navratri and Diwali festivals.
Momentum was further supported by recent consumption tax cuts on motorcycles upto 350cc, which supported demand for both entry-level and premium models.
Sales of models with upto 350cc engine capacity like 'Meteor 350', which make up 86.5% of total motorcycle sales for the company registered growth of 46.2%.
Eicher, which also makes trucks and buses in a joint venture with Volvo Group, said total revenue from operations rose 44.8% to 61.72 billion rupees.
Rival Bajaj Auto BAJA.NS reported a 23.7% rise in quarterly profit helped by higher exports last week, while Hero Motocorp HROM.NS will report its quarterly results later in the day.
($1 = 87.8950 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 8921483410;))
Adds details and background from paragraph 3
Nov 13 (Reuters) - India's Eicher Motors EICH.NS, maker of Royal Enfield motorcycles, reported higher second-quarter profit on Thursday, riding on a jump in sales both domestically and outside the country.
The company said its consolidated net profit rose 24.5% year-on-year to 13.69 billion rupees ($155.75 million) in the three months to September 30.
Royal Enfield recorded its highest jump in motorcycle sales in more than three years, rising 43.2% year-over-year.
Eicher Motors, which leads motorcycle sales in the premium category in India, logged a 26.8% increase in sales of motorcycles with engine capacity above 350cc, such as the 'Himalayan', indicating strong consumer appetite for premium and higher margin bikes.
Royal Enfield's overseas shipments, typically more profitable than domestic sales, jumped 55.1%, helped by expansions into newer geographies this year.
Industry-wide two-wheeler sales in India rose 7.4% in the quarter ended September, helped by a boost in demand during the local Navratri and Diwali festivals.
Momentum was further supported by recent consumption tax cuts on motorcycles upto 350cc, which supported demand for both entry-level and premium models.
Sales of models with upto 350cc engine capacity like 'Meteor 350', which make up 86.5% of total motorcycle sales for the company registered growth of 46.2%.
Eicher, which also makes trucks and buses in a joint venture with Volvo Group, said total revenue from operations rose 44.8% to 61.72 billion rupees.
Rival Bajaj Auto BAJA.NS reported a 23.7% rise in quarterly profit helped by higher exports last week, while Hero Motocorp HROM.NS will report its quarterly results later in the day.
($1 = 87.8950 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 8921483410;))
Eicher Motors Sept Total Vecv Sales 7,619 Units
Oct 1 (Reuters) - Eicher Motors EICH.NS:
SEPT TOTAL VECV SALES 7,619 UNITS
Source text: ID:nnAZN4LP0GQ
Further company coverage: EICH.NS
(([email protected];))
Oct 1 (Reuters) - Eicher Motors EICH.NS:
SEPT TOTAL VECV SALES 7,619 UNITS
Source text: ID:nnAZN4LP0GQ
Further company coverage: EICH.NS
(([email protected];))
India tax cuts to boost festive season car sales, auto dealers body says
Indian auto stocks jump on tax cut boost
Sept 4 (Reuters) - Indian auto stocks .NIFTYAUTO jumped 2.2% to the highest level in nearly 11 months on Thursday after the government slashed consumption taxes.
Auto shares were the top sectoral gainers on the benchmark Nifty 50 .NSEI index, which was trading 0.7% higher.
On Wednesday, the Goods and Services tax (GST) panel, approved lower taxes on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of steep U.S. tariffs.
The GST on small cars has been reduced to 18% from 28%.
Most stocks on the auto index were trading in the green, with Mahindra and Mahindra MAHM.NS and Eicher Motors EICH.NS leading gains. The stocks were up 7.4% and 3.1%, respectively.
(Reporting by Manvi Pant; Editing by Sonia Cheema)
(([email protected]; +918447554364;))
Sept 4 (Reuters) - Indian auto stocks .NIFTYAUTO jumped 2.2% to the highest level in nearly 11 months on Thursday after the government slashed consumption taxes.
Auto shares were the top sectoral gainers on the benchmark Nifty 50 .NSEI index, which was trading 0.7% higher.
On Wednesday, the Goods and Services tax (GST) panel, approved lower taxes on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of steep U.S. tariffs.
The GST on small cars has been reduced to 18% from 28%.
Most stocks on the auto index were trading in the green, with Mahindra and Mahindra MAHM.NS and Eicher Motors EICH.NS leading gains. The stocks were up 7.4% and 3.1%, respectively.
(Reporting by Manvi Pant; Editing by Sonia Cheema)
(([email protected]; +918447554364;))
Eicher Motors Says Royal Enfield Reports 114,002 Motorcycle Sales In August
Sept 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS LTD - ROYAL ENFIELD REPORTS 1,14,002 MOTORCYCLE SALES IN AUGUST
Source text: ID:nBSE2qPN1T
Further company coverage: EICH.NS
(([email protected];))
Sept 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS LTD - ROYAL ENFIELD REPORTS 1,14,002 MOTORCYCLE SALES IN AUGUST
Source text: ID:nBSE2qPN1T
Further company coverage: EICH.NS
(([email protected];))
India proposes slashing taxes on small cars as Modi reform spurs stock market
Adds broader context, stock market reaction paragraph 1-2, 4-7
Federal government proposes lowering GST on small cars to 18% from 28%
The move is a win for small carmakers like Maruti, Hyundai
Federal government proposes maximum of 5% GST on insurance premiums
Shares of auto makers, insurance firms rise
By Nikunj Ohri and Aftab Ahmed
NEW DELHI, Aug 18 (Reuters) - India aims to slash taxes on small cars and insurance premiums as part of a sweeping reform of its goods and services tax (GST), a government source said on Monday, as Prime Minister Narendra Modi's plan sparked a rally in stock markets.
Modi's administration revealed plans of the biggest tax overhaul since 2017 over the weekend, and consumer, auto and insurance companies are likely to emerge as the biggest winners when product prices drop from October, once the reform is approved.
The federal government has suggested lowering GST on small petrol and diesel cars to 18% from the current 28%, said the source who is directly involved in the matter. The GST on health and life insurance premiums may also be lowered to 5% or even zero from 18% currently, the same source said.
Indian markets climbed on Monday, with the benchmark Nifty index trading 1.3% higher, on course for its best day in three months. Auto stocks also rallied.
The tax cuts "would enhance affordability, boost consumption, and make essential and aspirational goods more accessible to a wider population," Mahesh Nandurkar, equity analyst at Jefferies said in a note.
"Maruti (Suzuki) should be the biggest beneficiary of this potential cut," he added.
Modi's deep tax cuts will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington.
Federal government officials over the weekend said New Delhi has proposed only two rates of taxation -- 5% and 18% -- under the revamped structure. The highest 28% slab will be abolished.
The new proposal however will impose a 40% tax on 5-7 "sin-goods" like tobacco products and luxury items.
The announcement will not be effective until the GST Council, which is chaired by the federal finance minister and has representatives from all states, gives a nod. A meeting is expected by October.
India's finance ministry did not reply to an e-mail seeking comment.
SHARES ZOOM
Sales of small cars, defined as those having engine capacity below 1200cc for petrol vehicles and 1500cc for diesel and not exceeding 4 metres in length, have slowed over the last few years as buyers switched to bigger, feature-rich SUVs.
Small cars made up a third of the 4.3 million passenger vehicles sold in the world's third-largest automobile market last fiscal year, down from nearly 50% pre-COVID, industry data showed.
The tax cut will be a big win for Maruti MRTI.NS, whose market share has plunged to about 40% from over 50% in the last five years as sales of its small cars such as Alto, Dzire and Wagon-R dropped.
The segment makes up half of all cars sold by Maruti - majority-owned by Japan's Suzuki Motor 7269.T. Carmakers Hyundai Motor India HYUN.NS and Tata Motors TAMO.NS also stand to gain.
Cars with higher engine capacity that currently attract 28% GST and an additional levy of up to 22% - resulting in total taxes of about 50% - may come under a new special rate of 40%, the source said.
The government source added that details are being firmed up to consider if any extra levies should be imposed over the 40% to keep the overall tax incidence for big cars the same at 43%-50%.
On the other hand insurance penetration in India continues to remain low, at 3.8% of GDP, in 2024, according to research firm Swiss Re Institute. The companies believe the lowering of GST will help boost sales of insurance products.
Shares of automakers such as Maruti, Mahindra & Mahindra MAHM.NS, Hero MotoCorp HROM.NS, Bajaj Auto BAJA.NS and Eicher Motors EICH.NS jumped 2%-8% in morning trade. Shares of insurance companies such as ICICI Prudential ICIR.NS, SBI Life SBIL.NS, and LIC LIFI.NS jumped 2%-4%.
(Reporting by Nikunj Ohri; Editing by Aditya Kalra and Raju Gopalakrishnan)
(([email protected]; +91 99109 33884;))
Adds broader context, stock market reaction paragraph 1-2, 4-7
Federal government proposes lowering GST on small cars to 18% from 28%
The move is a win for small carmakers like Maruti, Hyundai
Federal government proposes maximum of 5% GST on insurance premiums
Shares of auto makers, insurance firms rise
By Nikunj Ohri and Aftab Ahmed
NEW DELHI, Aug 18 (Reuters) - India aims to slash taxes on small cars and insurance premiums as part of a sweeping reform of its goods and services tax (GST), a government source said on Monday, as Prime Minister Narendra Modi's plan sparked a rally in stock markets.
Modi's administration revealed plans of the biggest tax overhaul since 2017 over the weekend, and consumer, auto and insurance companies are likely to emerge as the biggest winners when product prices drop from October, once the reform is approved.
The federal government has suggested lowering GST on small petrol and diesel cars to 18% from the current 28%, said the source who is directly involved in the matter. The GST on health and life insurance premiums may also be lowered to 5% or even zero from 18% currently, the same source said.
Indian markets climbed on Monday, with the benchmark Nifty index trading 1.3% higher, on course for its best day in three months. Auto stocks also rallied.
The tax cuts "would enhance affordability, boost consumption, and make essential and aspirational goods more accessible to a wider population," Mahesh Nandurkar, equity analyst at Jefferies said in a note.
"Maruti (Suzuki) should be the biggest beneficiary of this potential cut," he added.
Modi's deep tax cuts will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington.
Federal government officials over the weekend said New Delhi has proposed only two rates of taxation -- 5% and 18% -- under the revamped structure. The highest 28% slab will be abolished.
The new proposal however will impose a 40% tax on 5-7 "sin-goods" like tobacco products and luxury items.
The announcement will not be effective until the GST Council, which is chaired by the federal finance minister and has representatives from all states, gives a nod. A meeting is expected by October.
India's finance ministry did not reply to an e-mail seeking comment.
SHARES ZOOM
Sales of small cars, defined as those having engine capacity below 1200cc for petrol vehicles and 1500cc for diesel and not exceeding 4 metres in length, have slowed over the last few years as buyers switched to bigger, feature-rich SUVs.
Small cars made up a third of the 4.3 million passenger vehicles sold in the world's third-largest automobile market last fiscal year, down from nearly 50% pre-COVID, industry data showed.
The tax cut will be a big win for Maruti MRTI.NS, whose market share has plunged to about 40% from over 50% in the last five years as sales of its small cars such as Alto, Dzire and Wagon-R dropped.
The segment makes up half of all cars sold by Maruti - majority-owned by Japan's Suzuki Motor 7269.T. Carmakers Hyundai Motor India HYUN.NS and Tata Motors TAMO.NS also stand to gain.
Cars with higher engine capacity that currently attract 28% GST and an additional levy of up to 22% - resulting in total taxes of about 50% - may come under a new special rate of 40%, the source said.
The government source added that details are being firmed up to consider if any extra levies should be imposed over the 40% to keep the overall tax incidence for big cars the same at 43%-50%.
On the other hand insurance penetration in India continues to remain low, at 3.8% of GDP, in 2024, according to research firm Swiss Re Institute. The companies believe the lowering of GST will help boost sales of insurance products.
Shares of automakers such as Maruti, Mahindra & Mahindra MAHM.NS, Hero MotoCorp HROM.NS, Bajaj Auto BAJA.NS and Eicher Motors EICH.NS jumped 2%-8% in morning trade. Shares of insurance companies such as ICICI Prudential ICIR.NS, SBI Life SBIL.NS, and LIC LIFI.NS jumped 2%-4%.
(Reporting by Nikunj Ohri; Editing by Aditya Kalra and Raju Gopalakrishnan)
(([email protected]; +91 99109 33884;))
Indian auto dealers hopeful ahead of festive season, US tariff fears persist
Aug 7 (Reuters) - India's upcoming festive season is expected to lift near-term sentiment among auto dealers, but U.S. tariffs could dent consumer confidence, prompting higher household savings and weighing on discretionary spending, including vehicles, the Federation of Automobile Dealers Association (FADA) said on Thursday.
Vehicle dealers expect major festivals, including Rakhi, Janmashtami, Independence Day and Ganesh Chaturthi, along with targeted promotional schemes and healthy stock levels to drive sales.
However, the anticipated wealth erosion from fresh tariffs by the U.S. could erode consumer confidence, trigger a precautionary rise in household savings and exert pressure on discretionary spending, including on vehicles, FADA said.
(Reporting by Chandini Monnappa in Bengaluru; Editing by Sonia Cheema)
(([email protected]; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))
Aug 7 (Reuters) - India's upcoming festive season is expected to lift near-term sentiment among auto dealers, but U.S. tariffs could dent consumer confidence, prompting higher household savings and weighing on discretionary spending, including vehicles, the Federation of Automobile Dealers Association (FADA) said on Thursday.
Vehicle dealers expect major festivals, including Rakhi, Janmashtami, Independence Day and Ganesh Chaturthi, along with targeted promotional schemes and healthy stock levels to drive sales.
However, the anticipated wealth erosion from fresh tariffs by the U.S. could erode consumer confidence, trigger a precautionary rise in household savings and exert pressure on discretionary spending, including on vehicles, FADA said.
(Reporting by Chandini Monnappa in Bengaluru; Editing by Sonia Cheema)
(([email protected]; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))
Eicher Motors July Total Motorcycle Sales At 88,045 Units
Aug 1 (Reuters) - Eicher Motors Ltd EICH.NS:
JULY TOTAL MOTORCYCLE SALES AT 88,045 UNITS
Source text: ID:nBSEZbLZm
Further company coverage: EICH.NS
(([email protected];;))
Aug 1 (Reuters) - Eicher Motors Ltd EICH.NS:
JULY TOTAL MOTORCYCLE SALES AT 88,045 UNITS
Source text: ID:nBSEZbLZm
Further company coverage: EICH.NS
(([email protected];;))
Eicher Motors Q1 Consol Net Profit 12.05 Billion Rupees
July 31 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS Q1 CONSOL NET PROFIT 12.05 BILLION RUPEES; IBES EST. 11.17 BILLION RUPEES
EICHER MOTORS Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 50.42 BILLION RUPEES; IBES EST. 49.35 BILLION RUPEES
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];))
July 31 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS Q1 CONSOL NET PROFIT 12.05 BILLION RUPEES; IBES EST. 11.17 BILLION RUPEES
EICHER MOTORS Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 50.42 BILLION RUPEES; IBES EST. 49.35 BILLION RUPEES
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];))
Eicher Motors June Total Motorcycle Sales At 89,540 Units
July 1 (Reuters) - Eicher Motors Ltd EICH.NS:
JUNE TOTAL MOTORCYCLE SALES AT 89,540 UNITS
Source text: ID:nnAZN42E8CW
Further company coverage: EICH.NS
(([email protected];;))
July 1 (Reuters) - Eicher Motors Ltd EICH.NS:
JUNE TOTAL MOTORCYCLE SALES AT 89,540 UNITS
Source text: ID:nnAZN42E8CW
Further company coverage: EICH.NS
(([email protected];;))
India's Eicher Motors beats fourth-quarter profit view
May 14 (Reuters) - India's Eicher Motors, EICH.NS, maker of Royal Enfield motorcycles, beat fourth-quarter profit estimates on Wednesday, helped by strong demand for its higher-priced motorcycles along with elevated exports.
The company's net profit came in at 13.62 billion rupees ($159.75 million) in the three months ended March 31, compared to 12 analysts' average estimate of 12.68 billion rupees, as per data compiled by LSEG.
($1 = 85.2590 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +91 8921483410;))
May 14 (Reuters) - India's Eicher Motors, EICH.NS, maker of Royal Enfield motorcycles, beat fourth-quarter profit estimates on Wednesday, helped by strong demand for its higher-priced motorcycles along with elevated exports.
The company's net profit came in at 13.62 billion rupees ($159.75 million) in the three months ended March 31, compared to 12 analysts' average estimate of 12.68 billion rupees, as per data compiled by LSEG.
($1 = 85.2590 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +91 8921483410;))
Eicher Motors Reports Total Sales Volume Of 6,846 Units For April
May 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS LTD - VECV REPORTS TOTAL SALES VOLUME OF 6,846 UNITS FOR APRIL
Further company coverage: EICH.NS
(([email protected];))
May 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS LTD - VECV REPORTS TOTAL SALES VOLUME OF 6,846 UNITS FOR APRIL
Further company coverage: EICH.NS
(([email protected];))
Eicher Motors Says Royal Enfield Launches New Classic 350 In Nepal
April 17 (Reuters) - Eicher Motors Ltd EICH.NS:
ROYAL ENFIELD LAUNCHES NEW CLASSIC 350 IN NEPAL
Source text: ID:nBSE8frYF
Further company coverage: EICH.NS
(([email protected];;))
April 17 (Reuters) - Eicher Motors Ltd EICH.NS:
ROYAL ENFIELD LAUNCHES NEW CLASSIC 350 IN NEPAL
Source text: ID:nBSE8frYF
Further company coverage: EICH.NS
(([email protected];;))
Eicher Motors March Total VECV Sales At 12,094 Units
April 1 (Reuters) - Eicher Motors Ltd EICH.NS:
MARCH TOTAL VECV SALES 12,094 UNITS
Source text: ID:nBSE9shnP8
Further company coverage: EICH.NS
(([email protected];))
April 1 (Reuters) - Eicher Motors Ltd EICH.NS:
MARCH TOTAL VECV SALES 12,094 UNITS
Source text: ID:nBSE9shnP8
Further company coverage: EICH.NS
(([email protected];))
India Auto Industry Body Says Upcoming Festivities In March Likely To Continue To Drive Demand
March 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:
INDIA'S FEB 2-WHEELER SALES 13,84,605 UNITS - INDUSTRY BODY
INDIA'S FEB 3-WHEELER SALES 57,788 UNITS - INDUSTRY BODY
INDIA'S FEB TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,77,689 UNITS - INDUSTRY BODY
INDIA AUTO INDUSTRY BODY: UPCOMING FESTIVITIES OF HOLI, UGADI IN MARCH LIKELY TO CONTINUE TO DRIVE DEMAND
Further company coverage: ASOK.NS
(([email protected];))
March 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:
INDIA'S FEB 2-WHEELER SALES 13,84,605 UNITS - INDUSTRY BODY
INDIA'S FEB 3-WHEELER SALES 57,788 UNITS - INDUSTRY BODY
INDIA'S FEB TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,77,689 UNITS - INDUSTRY BODY
INDIA AUTO INDUSTRY BODY: UPCOMING FESTIVITIES OF HOLI, UGADI IN MARCH LIKELY TO CONTINUE TO DRIVE DEMAND
Further company coverage: ASOK.NS
(([email protected];))
India's Eicher Motors slumps on Q3 profit miss
** Eicher Motors' EICH.NS shares fall 6.1% to 5,013 rupees, set for biggest one-day drop in more than 1.5 years
** Stock biggest loser on Nifty 50 .NSEI and Nifty auto .NIFTYAUTO indexes, which are down 0.5% and 1.4% each
** Royal Enfield motorcycle maker misses Q3 profit, margin estimates on higher costs and higher sales of low-margin models
** Jefferies cuts FY25-27 EPS by 1%-5% on lower Royal Enfield margin at 24.9%, marketing initiatives to boost growth, and bunched up launch expenses; retains 'Buy'
** "Believe Royal Enfield should be a key beneficiary of 2W premiumization, and the toughest phase of competition is behind" - Jefferies
** Growth over margins is the right strategy, in our view - but with the stock pricing in high growth and high margins, achieving both will be tough - Morgan Stanley
** Mean rating of stock is 'hold;' median PT is 5,437.50 rupees - LSEG
** Peers Bajaj Auto BAJA.NS, TVS Motor TVSM.NS and Hero MotoCorp HROM.NS 'buy'
** EICH last down 5.5%, cutting YTD gains to 10.7% vs a flat auto index
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Eicher Motors' EICH.NS shares fall 6.1% to 5,013 rupees, set for biggest one-day drop in more than 1.5 years
** Stock biggest loser on Nifty 50 .NSEI and Nifty auto .NIFTYAUTO indexes, which are down 0.5% and 1.4% each
** Royal Enfield motorcycle maker misses Q3 profit, margin estimates on higher costs and higher sales of low-margin models
** Jefferies cuts FY25-27 EPS by 1%-5% on lower Royal Enfield margin at 24.9%, marketing initiatives to boost growth, and bunched up launch expenses; retains 'Buy'
** "Believe Royal Enfield should be a key beneficiary of 2W premiumization, and the toughest phase of competition is behind" - Jefferies
** Growth over margins is the right strategy, in our view - but with the stock pricing in high growth and high margins, achieving both will be tough - Morgan Stanley
** Mean rating of stock is 'hold;' median PT is 5,437.50 rupees - LSEG
** Peers Bajaj Auto BAJA.NS, TVS Motor TVSM.NS and Hero MotoCorp HROM.NS 'buy'
** EICH last down 5.5%, cutting YTD gains to 10.7% vs a flat auto index
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Eicher Motors Q3 Consol Net Profit 11.71 Bln Rupees
Feb 10 (Reuters) - Eicher Motors Ltd EICH.NS:
Q3 CONSOL NET PROFIT 11.71 BILLION RUPEES; IBES EST. 12.12 BILLION RUPEES
Q3 CONSOL TOTAL REV FROM OPS 49.73 BLN RUPEES; IBES EST. 50.7 BLN RUPEES
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];;))
Feb 10 (Reuters) - Eicher Motors Ltd EICH.NS:
Q3 CONSOL NET PROFIT 11.71 BILLION RUPEES; IBES EST. 12.12 BILLION RUPEES
Q3 CONSOL TOTAL REV FROM OPS 49.73 BLN RUPEES; IBES EST. 50.7 BLN RUPEES
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];;))
India's FADA Says Overall Auto Retail Grew By 6.6% YoY In Jan
Feb 6 (Reuters) - Ashok Leyland Ltd ASOK.NS:
INDIA'S FADA: OVERALL AUTO RETAIL GREW BY 6.6% YOY IN JAN
INDIA'S FADA: PERSISTENT CASH-FLOW CONSTRAINTS, SUBDUED INDUSTRIAL DEMAND COULD CAP UPSIDE POTENTIAL
INDIA'S FADA: SUPPORTIVE POLICIES, POST-BUDGET STIMULUS MAY HELP SUSTAIN SECTOR’S EARLY-YEAR GAINS
INDIA'S FADA: ONGOING FESTIVE/WEDDING DEMAND, FRESH PRODUCT INTRODUCTIONS COULD SUSTAIN FOOTFALLS IN NEAR-TERM
INDIA'S FADA: NEARLY HALF OF DEALERS ANTICIPATE GROWTH IN FEB,43% EXPECT SALES TO STAY FLAT,11% FORESEE DIP
INDIA'S FADA: AUTO RETAIL SECTOR ENTERS FEBRUARY WITH CAUTIOUS OPTIMISM
Source text: [ID:]
Further company coverage: ASOK.NS
(([email protected];;))
Feb 6 (Reuters) - Ashok Leyland Ltd ASOK.NS:
INDIA'S FADA: OVERALL AUTO RETAIL GREW BY 6.6% YOY IN JAN
INDIA'S FADA: PERSISTENT CASH-FLOW CONSTRAINTS, SUBDUED INDUSTRIAL DEMAND COULD CAP UPSIDE POTENTIAL
INDIA'S FADA: SUPPORTIVE POLICIES, POST-BUDGET STIMULUS MAY HELP SUSTAIN SECTOR’S EARLY-YEAR GAINS
INDIA'S FADA: ONGOING FESTIVE/WEDDING DEMAND, FRESH PRODUCT INTRODUCTIONS COULD SUSTAIN FOOTFALLS IN NEAR-TERM
INDIA'S FADA: NEARLY HALF OF DEALERS ANTICIPATE GROWTH IN FEB,43% EXPECT SALES TO STAY FLAT,11% FORESEE DIP
INDIA'S FADA: AUTO RETAIL SECTOR ENTERS FEBRUARY WITH CAUTIOUS OPTIMISM
Source text: [ID:]
Further company coverage: ASOK.NS
(([email protected];;))
Eicher Motors Gets GST Demand Order Totals 88.8 Million Rupees
Feb 4 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS LTD - GETS GST DEMAND ORDER TOTALS 88.8 MILLION RUPEES
Source text: ID:nBSE93mzjz
Further company coverage: EICH.NS
(([email protected];))
Feb 4 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS LTD - GETS GST DEMAND ORDER TOTALS 88.8 MILLION RUPEES
Source text: ID:nBSE93mzjz
Further company coverage: EICH.NS
(([email protected];))
India's Eicher Motors hits record high on monthly sales jump
** Eicher Motors EICH.NS gains as much as 3.4% to a record high of 5,575.5 rupees; last up ~1%
** Royal Enfield motorcycle maker's total sales jumps 20% y/y in January
** Rivals Hero MotoCorp HROM.NS, Bajaj Auto BAJA.NS log 2% and 7% rise in total sales in the period, respectively
** HROM, BAJA down 0.6% and 1.3%
** EICH, HROM, BAJA rated "buy" on avg - LSEG
** Eicher Motors among four stocks trading in green on 15-member Nifty auto index .NIFTYAUTO, which is down ~0.7%
** EICH up ~14% YTD
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Eicher Motors EICH.NS gains as much as 3.4% to a record high of 5,575.5 rupees; last up ~1%
** Royal Enfield motorcycle maker's total sales jumps 20% y/y in January
** Rivals Hero MotoCorp HROM.NS, Bajaj Auto BAJA.NS log 2% and 7% rise in total sales in the period, respectively
** HROM, BAJA down 0.6% and 1.3%
** EICH, HROM, BAJA rated "buy" on avg - LSEG
** Eicher Motors among four stocks trading in green on 15-member Nifty auto index .NIFTYAUTO, which is down ~0.7%
** EICH up ~14% YTD
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Dec Total Domestic Passenger Vehicle Sales At 314,934 Units, Industry Body Data Shows
Jan 14 (Reuters) -
INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,14,934 UNITS - INDUSTRY BODY
INDIA'S DEC 2-WHEELER SALES 11,05,565 UNITS - INDUSTRY BODY
INDIA'S DEC 3-WHEELER SALES 52,733 UNITS - INDUSTRY BODY
INDIA'S JAN-DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 42,74,793 UNITS - INDUSTRY BODY
INDIA'S JAN-DEC 2-WHEELER SALES 1,95,43,093 UNITS - INDUSTRY BODY
INDIA'S JAN-DEC 3-WHEELER SALES 7,28,670 UNITS - INDUSTRY BODY
(([email protected];))
Jan 14 (Reuters) -
INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,14,934 UNITS - INDUSTRY BODY
INDIA'S DEC 2-WHEELER SALES 11,05,565 UNITS - INDUSTRY BODY
INDIA'S DEC 3-WHEELER SALES 52,733 UNITS - INDUSTRY BODY
INDIA'S JAN-DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 42,74,793 UNITS - INDUSTRY BODY
INDIA'S JAN-DEC 2-WHEELER SALES 1,95,43,093 UNITS - INDUSTRY BODY
INDIA'S JAN-DEC 3-WHEELER SALES 7,28,670 UNITS - INDUSTRY BODY
(([email protected];))
India's Eicher Motors roars to record high on jump in December sales
** Eicher Motors EICH.NS surges to record high of 5,228.15 rupees
** Stock last up 6.5%, set for best day since Dec 2023
** Royal Enfield motorcycle maker says sales jumped 25% YoY in Dec, while exports surged 90%
** Trading vol of 600,000-plus shares is 1.5x the 30 day avg
** Eicher shares have gained 30.2% in the last 12 months
** Auto index .NIFTYAUTO up ~2% on the day, with Maruti Suzuki MRTI.NS up 3.7%, adding to Weds gains on upbeat sales
(Reporting by Ananta Agarwal in Bengaluru)
** Eicher Motors EICH.NS surges to record high of 5,228.15 rupees
** Stock last up 6.5%, set for best day since Dec 2023
** Royal Enfield motorcycle maker says sales jumped 25% YoY in Dec, while exports surged 90%
** Trading vol of 600,000-plus shares is 1.5x the 30 day avg
** Eicher shares have gained 30.2% in the last 12 months
** Auto index .NIFTYAUTO up ~2% on the day, with Maruti Suzuki MRTI.NS up 3.7%, adding to Weds gains on upbeat sales
(Reporting by Ananta Agarwal in Bengaluru)
Eicher Motors Dec Total VECV Sales 8,324 Units
Jan 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS - DEC TOTAL VECV SALES 8,324 UNITS
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];;))
Jan 1 (Reuters) - Eicher Motors Ltd EICH.NS:
EICHER MOTORS - DEC TOTAL VECV SALES 8,324 UNITS
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];;))
India's Nov Total Domestic Passenger Vehicle Sales 3,47,522 Units - Industry Body
Dec 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:
INDIA'S NOV TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,47,522 UNITS - INDUSTRY BODY
INDIA'S NOV 2-WHEELER SALES 16,04,749 UNITS - INDUSTRY BODY
INDIA'S NOV 3-WHEELER SALES 59,350 UNITS - INDUSTRY BODY
Source text: [ID:]
Further company coverage: ASOK.NS
(([email protected];))
Dec 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:
INDIA'S NOV TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,47,522 UNITS - INDUSTRY BODY
INDIA'S NOV 2-WHEELER SALES 16,04,749 UNITS - INDUSTRY BODY
INDIA'S NOV 3-WHEELER SALES 59,350 UNITS - INDUSTRY BODY
Source text: [ID:]
Further company coverage: ASOK.NS
(([email protected];))
Eicher Motors Inaugurates New Assembly Plant In Thailand
Dec 4 (Reuters) - Eicher Motors Ltd EICH.NS:
INAUGURATION OF NEW ASSEMBLY PLANT IN THAILAND
NEW ASSEMBLY PLANT HAS CAPACITY OF 30,000 UNITS PER YEAR
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];;))
Dec 4 (Reuters) - Eicher Motors Ltd EICH.NS:
INAUGURATION OF NEW ASSEMBLY PLANT IN THAILAND
NEW ASSEMBLY PLANT HAS CAPACITY OF 30,000 UNITS PER YEAR
Source text: [ID:]
Further company coverage: EICH.NS
(([email protected];;))
India Auto Dealers' Body Says Nearly Hit Target Of 4.3 Mln Vehicles During Festive Period
Nov 15 (Reuters) - INDIA AUTO DEALERS' BODY FADA:
NEARLY HIT OUR FORECASTED TARGET OF 4.3 MILLION VEHICLES DURING 42 DAYS FESTIVE PERIOD
AUTO INDUSTRY YET TO FULLY BENEFIT FROM GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING
EXPECTS GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING TO BOLSTER COMMERCIAL VEHICLE SALES
COULD HAVE MET 4.5 MLN UNITS TARGET IF NOT FOR UNSEASONAL HEAVY RAINS IN SOUTH INDIA
ANTICIPATES CAR STOCK LEVELS WILL REDUCE FURTHER FROM OCTOBER LEVELS
URGES OEMS TO FOCUS ON LIQUIDATING 2024 STOCK AHEAD OF YEAR END
LOOKING AHEAD, TRACTORS TO PERFORM BETTER, SUPPORTED BY GOOD RAINFALL, RISE IN MSP OF CROPS
(([email protected];))
Nov 15 (Reuters) - INDIA AUTO DEALERS' BODY FADA:
NEARLY HIT OUR FORECASTED TARGET OF 4.3 MILLION VEHICLES DURING 42 DAYS FESTIVE PERIOD
AUTO INDUSTRY YET TO FULLY BENEFIT FROM GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING
EXPECTS GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING TO BOLSTER COMMERCIAL VEHICLE SALES
COULD HAVE MET 4.5 MLN UNITS TARGET IF NOT FOR UNSEASONAL HEAVY RAINS IN SOUTH INDIA
ANTICIPATES CAR STOCK LEVELS WILL REDUCE FURTHER FROM OCTOBER LEVELS
URGES OEMS TO FOCUS ON LIQUIDATING 2024 STOCK AHEAD OF YEAR END
LOOKING AHEAD, TRACTORS TO PERFORM BETTER, SUPPORTED BY GOOD RAINFALL, RISE IN MSP OF CROPS
(([email protected];))
India's Eicher Motors eyes best day in 11 months on Q2 profit beat
** Eicher Motors' EICH.NS shares rise 7% to 4,905 rupees, eye best day since Dec. 4
** Stock top gainer on both Nifty 50 index .NSEI and Nifty auto index .NIFTYAUTO, which are up 0.21% and 0.64% respectively
** The company, which makes the Royal Enfield motorcycles, beat Q2 profit view on upswing in sales of its higher-capacity models such as 'Himalayan'
** Toughest phase of competition for EICH is behind it, co improving its long-term market share outlook - Jefferies
** Analysts at Emkay Research cite co's renewed growth focus over margins, product intervention, improved supplies and higher marketing activities
** Better high-end variant sales, healthy product mix and improving exports to aid growth, said analysts at Bob Capital Markets
** At least eight analysts have hiked EICH's PT post results
** Median PT after the hike 6% higher at 5,035 rupees
** Avg rating of 35 analysts is "hold"- LSEG data
** Stock up 18% YTD vs a ~40% and 9% rise in rivals Bajaj Auto BAJA.NS and Hero Motocorp HROM.NS, respectively
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Eicher Motors' EICH.NS shares rise 7% to 4,905 rupees, eye best day since Dec. 4
** Stock top gainer on both Nifty 50 index .NSEI and Nifty auto index .NIFTYAUTO, which are up 0.21% and 0.64% respectively
** The company, which makes the Royal Enfield motorcycles, beat Q2 profit view on upswing in sales of its higher-capacity models such as 'Himalayan'
** Toughest phase of competition for EICH is behind it, co improving its long-term market share outlook - Jefferies
** Analysts at Emkay Research cite co's renewed growth focus over margins, product intervention, improved supplies and higher marketing activities
** Better high-end variant sales, healthy product mix and improving exports to aid growth, said analysts at Bob Capital Markets
** At least eight analysts have hiked EICH's PT post results
** Median PT after the hike 6% higher at 5,035 rupees
** Avg rating of 35 analysts is "hold"- LSEG data
** Stock up 18% YTD vs a ~40% and 9% rise in rivals Bajaj Auto BAJA.NS and Hero Motocorp HROM.NS, respectively
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
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What does Eicher Motors do?
Eicher Motors is a global automobile company headquartered in Chennai, India, and listed on the Bombay Stock Exchange and National Stock Exchange. EML owns Royal Enfield, the world’s oldest motorcycle brand in continuous production, and co-owner of VE Commercial Vehicles (VECV), a pioneer in commercial vehicle transformation.
Who are the competitors of Eicher Motors?
Eicher Motors major competitors are TVS Motor, Bajaj Auto, Hero MotoCorp, Wardwizard Innovat.. Market Cap of Eicher Motors is ₹2,08,037 Crs. While the median market cap of its peers are ₹1,51,023 Crs.
Is Eicher Motors financially stable compared to its competitors?
Eicher Motors seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Eicher Motors pay decent dividends?
The company seems to pay a good stable dividend. Eicher Motors latest dividend payout ratio is 40.54% and 3yr average dividend payout ratio is 36.72%
How has Eicher Motors allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Eicher Motors balance sheet?
Balance sheet of Eicher Motors is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Eicher Motors improving?
The profit is oscillating. The profit of Eicher Motors is ₹4,404 Crs for TTM, ₹4,734 Crs for Mar 2025 and ₹4,001 Crs for Mar 2024.
Is the debt of Eicher Motors increasing or decreasing?
Yes, The net debt of Eicher Motors is increasing. Latest net debt of Eicher Motors is -₹2 Crs as of Sep-25. This is greater than Mar-25 when it was -₹259.54 Crs.
Is Eicher Motors stock expensive?
Yes, Eicher Motors is expensive. Latest PE of Eicher Motors is 40.73, while 3 year average PE is 36.59. Also latest EV/EBITDA of Eicher Motors is 40.21 while 3yr average is 30.44.
Has the share price of Eicher Motors grown faster than its competition?
Eicher Motors has given better returns compared to its competitors. Eicher Motors has grown at ~15.96% over the last 10yrs while peers have grown at a median rate of 12.0%
Is the promoter bullish about Eicher Motors?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Eicher Motors is 49.06% and last quarter promoter holding is 49.07%
Are mutual funds buying/selling Eicher Motors?
The mutual fund holding of Eicher Motors is decreasing. The current mutual fund holding in Eicher Motors is 10.87% while previous quarter holding is 11.03%.