Eicher Motors Faces Mixed Results in May Sales Report

Eicher Motors' shares fell over 1% to Rs 4,671 on June 3, 2024, after reporting a decline in motorcycle sales for May.

Royal Enfield saw an 8% drop in May motorcycle sales, selling 71,010 units compared to 77,461 units in the same month last year.

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Sales of Royal Enfield models with engines up to 350cc fell by 13% to 59,852 units, while models over 350cc rose by 32%.

Eicher Motors' commercial vehicle arm, VE Commercial Vehicles, recorded a 9.7% increase in total sales, reaching 6,901 units in May.

Despite challenges, Eicher's international motorcycle sales grew by 12%, and commercial vehicle exports surged 66% compared to the previous year.

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