Eicher Motors Ltd Share Price – NSE  / BSE

Automobile, Mid Cap

Royal Enfield has commenced operations of its new CKD(Completely Knocked down) assembly facility in Thailand. This is Royal Enfield's first fully owned and operated CKD assembly plant in Thailand. This is a significant step forward in Royal Enfield's plans in Thailand, and reiterates the brand's commitment to the region. The Royal Enfield assembly plant is Located at Samut Prakan province in Bangkok.

This development is a significant boost to the company's business in the Asia Pacific region, and further reiterates Royal Enfield's commitment to Thailand. The new facility is the Royal Enfield's sixth CKD assembly unit in the world - after Argentina, Colombia, Brazil, Bangladesh and Nepal.

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Royal Enfield's first fully owned CKD assembly plant in Thailand is located in Samut Prakan, Bangkok, marking a key step in the brand's commitment to the region.

B Govindarajan, CEO of Royal Enfield, said, “Royal Enfield has been working extensively to grow the middleweight motorcycling segment globally. We have seen great reception from the international audience who are looking for motorcycles that are accessible and are a unique extension of their personalities. We have an evocative range of motorcycles across various platforms catering to our global audiences.

Royal Enfield is a truly global brand and ranks among the top mid-segment motorcycle brands in markets such as the UK, Korea, Australia-New Zealand, among others. Our strategic intent is to have an international expansion strategy of investing in markets with huge potential to grow. Thailand assembly plant caters to this vision.”

Yadvinder Singh Guleria, CCO of Royal Enfield, said, “With markets like the Asia-Pacific offering a great potential for the mid-size segment, it has been our strategic intent to be closer to these markets and grow the business. This is a testament to our commitment to the market potential and the growing motorcycling community.”

Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo—Volvo Eicher Commercial Vehicles, which operates in India's commercial vehicle space.

The company's consolidated net profit increased 8.27% to Rs 1,100.33 crore on a 3.8% increase in revenue from operations to Rs 4,186.38 crore in Q2 FY25 over Q2 FY24.

Shares of Eicher Motors fell 1.02% to Rs 4,792.50 on the BSE.

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While domestic sales increased by 5.8% to 4,957 units, total exports surged 32.7% to 402 units in November 2024 over November 2023.

Total sales of Volvo trucks and buses in November 2024 stood at 215 units, up by 4.9% YoY.

Further, the company’s monthly motorcycle sales in Nov’24 stood at 82,257 units, which is higher by 2% as compared with 80,251 units in the same month a year ago.

Sales of motorcycle models with engine capacity up to 350cc slipped 4% to 71,261 units and sales of motorcycle models with engine capacity exceeding 350cc surged 84% to 10,996 units in November 2024 over November 2023.

The international business recorded sales of 10,021 units in Nov’24, up by 96% as compared with 5,114 units sold in the same period last year.

B Govindarajan, CEO, Royal Enfield, said, “November has been an incredible month for us at Royal Enfield, filled with exciting launches that truly reflect our passion for pure motorcycling. At EICMA 2024, we took a historic step into the world of EVs with the debut of the Flying Flea, a big leap toward sustainable, forward-thinking mobility. We also introduced two stunning motorcycles, the Classic 650 and the Bear 650 that continue to build on our legacy of creating timeless, purposeful machines. Not only that, at Motoverse 2024, we launched the Goan Classic 350 and Scram 440 and both these motorcycles have garnered great response from motorcycling enthusiasts across the country.”

Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles, which operates in India's commercial vehicle space.

The company's consolidated net profit increased 8.27% to Rs 1,100.33 crore on a 3.8% rise in revenue from operations to Rs 4,186.38 crore in Q2 FY25 over Q2 FY24.

Shares of Eicher Motors declined 0.64% to Rs 4,801.80 on the BSE.

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Eicher Motors sold 82,257 units in month of November 2024 compared to 80,251 units in November 2023, recording a growth of 2%.

Total sales include international business of 10,021 units in November 2024 compared to 5,114 units in November 2023, higher by 96%.

The company recorded 84% YoY growth in sales of motorcycles with engine capacity exceeding 350cc at 10,996 units while its saw a 4% YoY decline in sales of models with engine capacity up to 350cc at 71,261 units.

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