Eicher Motors Ltd., the parent company of Royal Enfield, reported a net profit of ₹1,100 Crore for the second quarter of FY25. Although revenue for the quarter increased by 3.6%, it fell short of projections. VECV, another subsidiary of Eicher Motors, saw an 8% increase in income from operations. Despite a decline in Royal Enfield's sales, the company has announced its entry into the electric mobility market with the launch of a new EV brand.
Eicher Motors Reports Mixed Q2 Results with Royal Enfield Hitting a Sales Slump
Eicher Motors Ltd., the parent company of Royal Enfield, has reported mixed financial results for the second quarter of the fiscal year 2025 (FY25). While consolidated revenue increased by 3.6% to ₹11,928 Crore, net profit missed analysts' estimates.
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Factors Driving Mixed Results:
Electric Mobility Plans:
Eicher's decision to enter the electric mobility market signifies the growing trend towards electrification in the automotive industry. The company has not yet provided details about its upcoming EV brand or products, but it is expected to target the urban mobility space.
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