Order book strong; to open 500 stores by year end: Eicher

Eicher Motors sold over 1 lakh Royal Enfield bikes during the June quarter, the best ever for the company so far, said Siddhartha Lal, MD & CEO, Eicher Motors in a press conference to discuss quarterly earnings.Eicher Motors' June quarter net profit rose 41 percent year-on-year.Lal said the company's order book was strong and it has set up two arms in Brazil and US to expand operations.Eicher Motors is also looking to expand its chain of retail stores selling biking gear. It has added new stores in Europe, Australia and Columbia, and will open an exclusive store in Dubai as well.In all, it plans to open 500 retail stores by the end of the year, Lal said.Watch video for more