Eicher Motors Results out. Awesome!!!
The icing on the cake is the margin expansion of 200bps in EBIT from 10.9% to 13%.
The Standalone looks even more impressive –
margin expansion of more than 200bps from 23.4 to 25.7%.
The board has in principle approved taking the capacity of Royal enfield to 9 lac bikes by 2018. Current capacity approx 52000 bikes per month. comes around to 75000 bikes per month.This is double from the 4.5 bikes targeted for sale now. Strong demand and swelling orderbook.!!!
The good part is the VECV has turned around this year after few years and has grown with the Heavy duty trucks growing the highest. LMCV also shown growth. Buses has been a drag.
Lot of activities on the export front. The new Store in US to be opened in the H12016. US subsidiary headed by Rod copes.
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