Eicher Motors Q2 FY25 Results: The Royal Enfield-bike maker was expected to report robust revenue and sales growth in double digits, helped by healthy exports.
With salary cuts and layoffs becoming the order of the day across Corporate India, the inequity and injustice of well-heeled executives trying to push through enhanced packages for themselves even as their companies posted declining sales and profits has brought the issue to a boil
For the first time, Bajaj Auto will take on Royal Enfield in the premium motorcycle market, with the launch of the 400-cc Pulsar next month and CNBC-TV18 reports this launch will only be the first salvo in what promises to be a long battle.
The maker of Royal Enfield brand of bikes is aiming to produce 2.5 lakh motorcycles next year and expects the number to rise to five lakh over 3 years.
Volvo is positioning Eicher as an emerging market brand and pointed out that it has doubled market share in last five years since this JV in 2008, says MD & CEO Siddharth Lal.
Siddharth Lal, MD & CEO, Eicher Motors told CNBC-TV18 that The heavy duty vehicle is certainly an enormous focus in our new range and we expect it to take over around10-15 percent market share.
Siddharth Lal, CEO, Eicher Motors Ltd says the hike in excise duty to 12% announced in Budget 2012, along with inflationary pressures and cost of raw materials is likely to lead to a subdued quarter for commercial vehicles.
Automaker Eicher Motors has posted a net profit of Rs 14.5 crore and net sales at Rs 149 crore for the fourth quarter. Reacting on the Q4 result numbers, Siddharth Lal, CEO of Eicher Motors, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that cost cutting measures helped the operating performance of the company.
In an interview with CNBC-TV18, Siddharth Lal, CEO of Eicher Motors said the Finance Minister's proposal for not increasing the excise duty to 12% came as a relief to the industry.