Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_c4b7c020f94490f35daa3f13f94fc510, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
Eicher Motors Q4 PAT up 16% INR 610 crore, appoints B Govindarajan as CEO of Royal Enfield, Auto News, ET Auto - Awaj Ludhiana Ki
Saturday, June 7, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Automobiles

Eicher Motors Q4 PAT up 16% INR 610 crore, appoints B Govindarajan as CEO of Royal Enfield, Auto News, ET Auto

by author
May 13, 2022
in Automobiles
0
Eicher Motors Q4 PAT up 16% INR 610 crore, appoints B Govindarajan as CEO of Royal Enfield, Auto News, ET Auto
0
SHARES
61
VIEWS
Share on FacebookShare on Twitter


  B Govindarajan
B Govindarajan

New Delhi: Eicher Motors on Friday posted a 16% increase in its consolidated net profit after tax at INR 610 crore for the fourth quarter ended March 2022, on the back of steady growth across business verticals.

The company had reported INR 526 crore during the January-March period of 2021-2022 fiscal.

Related posts

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto

February 24, 2025
Regulatory bump may stall Tesla entry into India, ET Auto

Regulatory bump may stall Tesla entry into India, ET Auto

February 24, 2025

Total consolidated revenue from operations rose to INR 3,193.32 crore, up 8.60%, as compared with INR 2,940.33 crore in the year-ago period, Eicher Motors said in a release.

During the quarter under review, EBITDA was INR 757 crore, up 19.3% as compared to INR 634 crore in the same quarter of the previous financial year.

In fourth quarter FY22, Royal Enfield recorded sales of 182,125 motorcycles, down by 10.4% from 203,343 motorcycles sold during the same period in FY 2020-21.

According to Siddhartha Lal, Managing Director, Eicher Motors the year gone by was very significant for Eicher Motors Limited, as the company registered considerable progress towards our long term strategic business vision.

“Over the last eight years, we have made concerted efforts in becoming a premium, global player, concentrating on some of the toughest motorcycle markets in the world, with an ambition to sustainably grow our overseas presence and business. Through a strong product strategy and development process and with a focused business approach, we have carved a space for ourselves globally,” Lal said.

At VECV, he further said, the company performance was extremely encouraging. “With a resilient business model, and strong planning and execution, we have remained profitable across business cycles. We have continued to strengthen market presence with expansion in our distribution network as well as a strong product range, including the widest range of CNG trucks. With the commercial vehicle industry back on the growth path, we are confident about maintaining our strong momentum,” Lal added.

According to Vinod Aggarwal, MD and CEO VECV said despite the challenges posed by two waves of the Covid pandemic, supply chain disruptions caused by lockdowns and the situation in Ukraine, VECV registered handsome growth both in volumes as well as total Income.

“Sales of trucks and buses grew by 38.3% to 57,077 units during FY22. Our new truck plant at Bhopal became fully operational that puts us in a good situation as far as capacity is concerned and we are well placed to take advantage of the expected growth in the industry, supported by our award winning range of products,” he added.

CEO APPOINTMENT

Meanwhile, the company has elevated B Govindarajan as Chief Executive Officer (CEO) of Royal Enfield. Govind has spent more than 23 years across Royal Enfield and Eicher Motors. He has been the Executive Director of Royal Enfield since August 2021, and was Chief Operating Officer of the company since 2013.

“He has led several turnkey projects and has been instrumental in growing and expanding the company’s manufacturing facilities, in addition to bringing a paradigm shift in the product quality and new product development process.” the company said in a statement.

He has actively led the production ramp up at Royal Enfield and spearheaded the establishment of its two new world-class manufacturing facilities at Oragadam and Vallam Vadagal near Chennai and the state-of-the-art Technology Centres in the UK and in Chennai, India. During his tenure, Govind has ably straddled business and technical roles with ease and has led commercial operations between 2013 and 2015.

He has led the successful development and launch of several award winning motorcycles at Royal Enfield including the Himalayan, the 650 Twin platform and motorcycles, and more recently, the J-series platform with the all-new Meteor and Classic 350. He has been instrumental in furthering the company’s global ambitions by establishing subsidiaries, and CKD operations across critical markets.





Source link

Previous Post

India-UAE trade pact to create huge job opportunities, boost economy: Piyush Goyal

Next Post

NRA CET 2022: How Can you Prepare for IBPS RRB & SSC with 5 Amazing Tricks? | India News

Related Posts

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto
Automobiles

AISIN ASK JV eyes opportunities as systems supplier, Auto News, ET Auto

February 24, 2025
Regulatory bump may stall Tesla entry into India, ET Auto
Automobiles

Regulatory bump may stall Tesla entry into India, ET Auto

February 24, 2025
Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years, ET Auto
Automobiles

Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years, ET Auto

February 24, 2025
Tesla fever grips India again even while Musk keeps mum, ET Auto
Automobiles

Tesla fever grips India again even while Musk keeps mum, ET Auto

February 22, 2025
MoRTH has adopted a big data driven approach to infra planning, says Nitin Gadkari, ET Auto
Automobiles

MoRTH has adopted a big data driven approach to infra planning, says Nitin Gadkari, ET Auto

February 20, 2025
BS7 committee examining compliance challenges of ethanol-blended fuels, ET Auto
Automobiles

BS7 committee examining compliance challenges of ethanol-blended fuels, ET Auto

February 20, 2025
Next Post
NRA CET 2022: How Can you Prepare for IBPS RRB & SSC with 5 Amazing Tricks? | India News

NRA CET 2022: How Can you Prepare for IBPS RRB & SSC with 5 Amazing Tricks? | India News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

MSME, other retailers expect full recovery in retail sales by October to pre-pandemic levels

MSME, other retailers expect full recovery in retail sales by October to pre-pandemic levels

4 years ago
Across the Aisle: The case of the missing jobs, writes P Chidambaram

Across the Aisle: The case of the missing jobs, writes P Chidambaram

4 years ago
How are brands using community marketing as an effective tool to increase their sales

How are brands using community marketing as an effective tool to increase their sales

4 years ago
Greenfuel Energy to shift CNG operations to Jhajjar, invest INR 17.5 cr on new projects, ET Auto

Greenfuel Energy to shift CNG operations to Jhajjar, invest INR 17.5 cr on new projects, ET Auto

2 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • Thousands Gather Across Nation To Celebrate Eid al-Adha With Devotion & Unity | VIDEO | India News
  • India’s ‘Chenab Trap’ Chokes Pakistan’s Terror Route; Even China On Edge – Here’s How | World News
  • Two Attacks, Two Responses: UPA Donated Crores To Terror State Pakistan Post 26/11, Modi Made Them Beg For Water After Pahalgam | India News
  • Not Only Jakarta, Kolkata, Chennai And Mumbai Are Also Sinking – Here’s Why It Should Terrify You | India News
  • BREAKING: Aamir Khan offers to release Taare Zameen Par for FREE on his YouTube channel for 1-2 weeks : Bollywood News

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In