royal enfield eicher motors sales fy2016 quarterly results eml eicher june pat revenue sales consolidated
Eicher Motors Ltd. (EML) reported a 58.6 percent rise in Q1 net profit on the back of robust results at its Royal Enfield motorcycle division. In Picture: The logo of Royal Enfield is pictured on a bike at Royal Enfield's flagship store in Bangkok, Thailand, Feb. 24, 2016.Reuters file

Royal Enfield motorcycle sales for May 2016 rose 37 percent to 48,604 units as against 35,354 units sold in May last year. Exports shot up 86 percent to 1,372 units while domestic sales increased 36 percent to 47,232 units, according to a regulatory filing by Royal Enfield-owner Eicher Motors with the stock exchanges on Wednesday.

The company had reported 48,197 Royal Enfield motorcycles in April, a growth of 42 percent over the corresponding period last year. It included export of 1,160 motorcycles.

The combined overall sales (domestic and exports) for April and May this year stood at 96,801 units, up 40 percent from 69,272 units the company sold during the corresponding period last year.

Details of two-wheeler sales of other companies such as Bajaj Auto, TVS Motor Co., Hero Motocorp are yet to be declared.

Eicher Motors also has a joint venture with Volvo to manufacture heavy vehicles. VE Commercial Vehicles Limited sold 5,771 vehicles last month, up 43 percent compared to 4,035 units sold in May last year, Eicher Motors said in another filing with the BSE.

The Eicher Motors stock was trading at Rs. 18,711 at around 2.10 p.m. on the BSE, up 1.01 percent from its previous close. 

Also read
Quick Links