'The sales of motorcycle models with engine capacity up to 350cc rose 2% to 76,075 units and sales of motorcycle models with engine capacity exceeding 350cc jumped 13% to 8,360 units in October 2023 over October 2022.
The International Business recorded sales of 3,477 units in October 2023, registering de-growth of 39% as compared with 5,707 units sold in the same period a year ago.
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 automobile major's consolidated net profit surged 50.38% to Rs 918.34 crore on 17.63% increase in revenue from operations to Rs 3,912.07 crore in Q1 FY24 over Q1 FY23.
Shares of Eicher Motors were higher 0.23% to Rs 3,290.30 on the BSE.'
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