The Sale of the Eicher Motors Ltd this October rose by 33%. This was the analysis for the brand Royal Enfield. With this up raise in the sales, the company’s stock also went high on Tuesday by 3%. The company is profited about one-third times when compared to the sales of last year. This will help it to keep a steady and good momentum.
Eicher sold about 19% more vehicles compared to a year back. But, it realized 7% less money on every vehicle sold, given that it offered price discounts during the quarter.
The company is able to make regular 30% profit on year-on-year basis. That’s not all. The firm was able to hike prices in August, ahead of the festive season, given that there is still a waiting period of three months for its motorcycles. So realisations grew by 4%. No wonder, Royal Enfield’s net revenue grew by a heady 36% y-o-y, in spite of the high base.
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