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2 & 3 Wheelers company Eicher Motors announced Q1FY25 results:
Eicher Motors:
- Revenue from Operations: Rs 4,393 crore in Q1FY25, up 10.2% from Rs 3,986 crore in Q1FY24.
- EBITDA: Rs 1,165 crore in Q1FY25, an increase of 14.1% compared to Rs 1,021 crore in Q1FY24.
- Profit After Tax (PAT): Rs 1,101 crore in Q1FY25, up 19.9% from Rs 918 crore in Q1FY24.
- Royal Enfield Motorcycle Sales: 227,736 motorcycles sold in Q1FY25, compared to 225,368 motorcycles sold in Q1FY24.
VECV:
- Revenue from Operations: Rs 5,070 crore in Q1FY25, up 1.8% from Rs 4,980 crore in Q1FY24.
- EBITDA: Rs 385 crore in Q1FY25, compared to Rs 387 crore in Q1FY24.
- Profit After Tax (PAT): Rs 319 crore in Q1FY25, up from Rs 181 crore in Q1FY24.
- Vehicle Sales: 19,702 vehicles sold in Q1FY25, compared to 19,571 vehicles sold in Q1FY24.
Talking about Eicher Motors’ performance, Siddhartha Lal, Managing Director, Eicher Motors Ltd., said, “After a strong performance in FY24, we have started this year on a confident note, registering our best ever quarterly financial performance with both Royal Enfield and VECV reporting steady growth. At Royal Enfield, we launched the Guerrilla 450, our premium, modern roadster on the Sherpa platform. We believe the Guerrilla is a formidable motorcycle with strong potential and will be a gamechanger in the category. We have a robust product calendar for the rest of the year as well, and are getting ready to launch the 2024 Classic very soon. Meanwhile, VE Commercial Vehicles recorded its best ever first-quarter sales, gaining volumes in key segments, and reflecting its commitment to excellence and customer satisfaction”
Speaking on Royal Enfield’s performance, B. Govindarajan, CEO - Royal Enfield and Wholetime Director, EML said, "Royal Enfield has witnessed a good start to FY25. Our diverse product range has strengthened our position in the mid-size segment across the globe. This quarter has been particularly notable for our performance in the international markets. We have launched Himalayan 450 across APAC, EU, UK, and Mexico. In our commitment to sustainable travel and support to the Himalayan communities, we also introduced Camp Kharu in Ladakh, a first of many to come Green Pit Stops. Reinforcing our dedication to exceptional rider satisfaction and the ‘pure motorcycling’ ethos, we announced 'Borderless Warranty Program' providing riders with warranty coverage across 70 countries. We remain focused on innovation and excellence, driving forward with a commitment to delivering extraordinary experiences to riders around the world.”
Speaking on VECV’s performance Vinod Aggarwal, MD and CEO VECV said “VECV delivered its highest ever first quarter sales during Q1 FY25 growing 0.7% over Q1 FY24. This is a testament to our focus on delivering uptime to customers backed by a fast-expanding service and parts network. We took a significant step this quarter by forming a JV with iTriangle Infotech to develop next-gen surround services related to transportation business – building on our industry leading connected vehicle ecosystem. We also continued to deliver new products and variants in line with developments in the industry. During the quarter, margins remained under pressure due to a competitive market situation.”
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