Eicher Motors Reports Best Ever Q2 Revenue From Operations

Eicher Motors Reports Best Ever Q2 Revenue From Operations

Eicher Motors Limited (EML) – the listed parent of Royal Enfield apart from being a partner in Volvo Eicher Commercial Vehicles (VECV), a joint venture commercial vehicle unit with Volvo – has reported its best ever Q2 FY2024-25 with a revenue of INR 42.63 billion from operations. It was INR 41.15 billion in the corresponding period of FY2023-24.  
The EBITDA during the respective period was INR 10.88 million as compared to INR 10.87 million in the corresponding quarter last fiscal. Profit After Tax was INR 11 billion, an increase of 8.3 percent as compared to INR 10.16 billion during the same period last year. 
During the quarter, Eicher Group company Royal Enfield recorded sales of 2,25,317 motorcycles as compared to 2,29,496 motorcycles sold during the same period in FY2023-24. 
For Q2 FY 2024-25, VECV’s revenue from operations was INR 55.38 billion, up by 8.0 percent over the previous year’s revenue of INR 51.26 billion.  EBITDA for the second quarter was INR 3.95 billion as compared to INR 4.02 billion last year. 
Profit After Tax (PAT) stood at INR 2.09 billion as against INR 1.87 billion last year. VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year. 
Siddhartha Lal, Managing Director, Eicher Motors Ltd, mentioned, “During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV. At EICMA, earlier this month, we launched two motorcycles on our 650-Twin platform; the Bear 650, and the Classic 650. In addition to this, Royal Enfield marked its foray into electric mobility with a new EV brand - the Flying Flea. With an intent to disrupt and grow the electric motorcycle segment, we are approaching it with the same singularity, focus and unconventionality with which we have grown and energized the global mid-size segment over the last several years. Under the Flying Flea we will have a portfolio of differentiated electric motorcycles for city+ mobility. On the commercial vehicle front, VE Commercial Vehicles delivered its best Q2 ever, with strengthened market shares in truck segments. This is commendable against the backdrop of lower industry volumes as compared to Q2 of last year.”
B. Govindarajan, CEO, Royal Enfield and Whole-time Director of EML, said, "This quarter we launched two stellar motorcycles - the Guerrilla 450 and the 2024 Classic 350 in an all-new avatar and response to both these motorcycles has been remarkable. We have also made significant progress on expanding and strengthening our footprint outside India as we debuted the brand in Bangladesh with our new flagship store in Dhaka, and a manufacturing and assembly unit in the country. We are also setting up a second CKD in Brazil early next year. Basis the strong legwork that we put in during Q2 this year, we were able to achieve a very special milestone for Royal Enfield in terms of our festive sales performance in October. We outperformed all our previous monthly sales performance and achieved over 1,00,000 sales in a single month. These initiatives underscore our commitment to our long-term strategic goals and to continue delivering pure motorcycling experiences across the globe.” 
Speaking on the performance, Vinod Aggarwal, MD and CEO, VECV, said, “VECV delivered its highest ever second quarter sales during Q2 FY25 growing 6.2 percent over Q2 FY24 and attaining leadership in the Light and Medium Duty (LMD) segment during the quarter. This growth was against a drop in CV industry volumes of 10.8 percent in the same period and stands as a testament to our broad product range backed by fast-expanding network coverage focused on delivering uptime to customers. Margins remained under pressure in a competitive market as we successfully continued to invest in growing our heavy-duty truck presence. We took another step in our sustainability journey, signing a MoU for deployment of 500 Eicher Pro 6055 LNG trucks.”
Royal Enfield forayed into the EV space by announcing the launch of its completely new electric vehicle brand, Flying Flea at EICMA show in Milan, Italy, recently. 
The debut featured two models – the Classic-styled Flying Flea C6 and the Scrambler-styled Flying Flea S6. 
The two-wheeler company also revisited its legacy with two new models on the 650 Twin platform – the Bear 650 (a robust scrambler, designed for riders who follow their instincts, featuring versatile capabilities to enhance the riding experience) and the Classic 650 powered by the celebrated 650 Twin engine for a ride that is both swift and elegant. 
Strengthening its global footprint, Royal Enfield, in n the SAARC region, commenced operations of its Manufacturing Unit (Category 2) and flagship showroom in Bangladesh. The facility will engage in local production and assembly of four flagship models – Hunter 350, Meteor 350, Classic 350 and Bullet 350 specifically for the Bangladesh market. 
Royal Enfield has announced its intent to set up a new CKD unit in Brazil by January 2025 which will help diversify its operations and expand its presence in the automotive market.

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    Narrower, Bigger Diameter Tyres Of EVs Encourage Innovation Around Them

    Narrower, Bigger Diameter Tyres Of EVs Encourage Innovation Around Them

    The narrower, bigger diameter tyres of electric vehicles are encouraging innovation around them. Supporting lower rolling resistance, the tyres are pushing suppliers and OEMs to explore new technological innovations. A leading German auto supplier for example has developed a ‘mechanical’ technology to ensure superior manoeuvring with near 180 degrees turn of the steered wheels. 
    This is a development that could be applied to ICE rear-wheel drive vehicles as well. Even, light-duty commercial vehicles such as the Tata Ace/1000 or the Switch Iev3/Iev4 that are aimed at the last mile delivery segment were backing up into a tight parking spot or navigating through a narrow lane is part of the job. 
    As designers and engineers toy with the idea of larger wheel wells and the ability of the steered – front – wheels to turn as much as 180 degrees, the use of narrower, bigger diameter tyres with low rolling resistance in electric vehicles is spurring yet another round of innovation, albeit as a part of the entire platform architecture that is rather software driven and subject to much virtual development in the interest of ‘time-to-market’ and a differentiated user experience. 
    With over 14 million small electric vehicles sold in 2023 the world over, the push has been to develop tyres that enhance operation and performance. Provide a typical ‘family’ car the ability to transform into a sports car given the wave of high torque available from the word ‘go’ in an electric vehicle. 
    With electric vehicle sales poised to increase 17.5 percent year-on-year globally to bridge 41.2 million units in 2029, electric vehicle tyres are expected to facilitate a further drop in rolling resistance while employing sustainable raw materials, technologies and manufacturing processes. 
    A sustainable EV tire design should consider the whole lifecycle of the product. Tires can be composed of well over 100 different raw materials. These are mixed and the rubber compounds are machined resulting is several components of the tire construction. EV tires are expected to be stronger and lighter, with less rolling resistance due to its importance in CO2 emissions and fuel consumption. 
    A key challenge being the development of tyre formulations for electric vehicles with the tread compound that is more resistant to abrasion, it is the instant torque availability that is necessitating tyres that may look like ICE vehicle tyres but are quite different in the way they handle traction and aid a longer drive range. There is the issue of kerb weight as well, not to overlook the new environmental pressures for durability and abrasion resistance. 
    Interestingly, new opportunities are being created on the vehicle engineering and dynamics side as well as on the side of electric vehicle tyre development and manufacture. 
    Starting with materials that are broadly classified as ‘renewable’ (can be sustained on time) and as ‘recycled’ (re-used and made from recovered end-of-life tyres), it is the tandem mixers that are producing more homogeneous rubber compounds, including tread compounds that employ optimised silica fillers.
    Tyres for electric vehicles are demanding the use of triple or quadruple extruders for treads and sidewalls as per the vehicle weight, application and dynamics. Roller head or roller die units are also being used to produce inner liners as a single or multilayer sheet
    In terms of textile coating of steel cord components in e-vehicle tyres, four-roll and Z-type calendars are used. Also, full tyre assembly machines that can produce tyres to tighter tolerances, higher specs such as superior uniformity and sans operator invention. 
    With electric vehicle tyres and ICE vehicle tyres being tested and validated differently primarily because of the higher load bearing capacity and low rolling resistance, electric vehicle tyres are made up of a different (softer) rubber compound than regular tyres with an eye on less noise, mentioned a testing expert at an OEM that is increasingly producing electric vehicles in India. 
    Pointing at an electric passenger vehicle the company launched in India recently, he averred, “Softer compounds are used to ensure less rolling noise and better transmission of torque from the motors to the road.” 
    With finer tolerances in need, optical machine vision systems for end-of-line quality inspections, including new technologies such as X-rays to check steel belts, cords and bead reinforcement are increasingly used. 
    They are used to check for air bubbles in inner liners as well. Advances in tyre design and manufacture include new developments in simulation software to model the performance of new designs quickly. This is without material input cots. 
    AI is being increasingly used to ensure superior analysis. AI is also used to automate manufacturing process as part of Industry 4.0 workflows. 

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      Railway Shipment Accounted For 26% Of Hyundai Motor India Dispatches

      Rail Freight

      Hyundai Motor India (HMIL), one of India’s leading passenger vehicles manufacturers, has been taking huge strides to cut down on its carbon footprint both on-road and off-road.

      Taking advantage of the country's robust railway network, Hyundai Motor India shipped 26 percent of its total domestic wholesale vehicles through rail freight in 2024.

      This translates to a total of 1,56,724 units transported through Indian Railways, cutting down on almost 18,352 tonnes of CO2 emissions.

      Interestingly, the company claims that 100 percent of its dispatches to North East India were utilised rail freight. Furthermore, between 2021 and 2024, Hyundai Motor India transported 5,37,499 vehicles using the rail route, which led to a prevention of 63,452 tonnes of CO2 emissions versus road freight.

      Tarun Garg, Whole-time Director and Chief Operating Officer – Hyundai Motor India, said, “At HMIL, we have been relentless in our pursuit of promoting sustainability in all facets of our operations, be it manufacturing, dispatches, sales or after sales support. By utilising Indian Railways’ extensive rail-network for delivering Hyundai vehicles from our plant in Sriperumbudur, Chennai, to multiple locations across India. As the Government of India continues to upgrade the rail infrastructure with dedicated freight corridors and modern and energy efficient rolling stock ensuring faster movement of goods, HMIL remains committed to utilising rail freight to optimise its logistic operations, leading to long-term reduction in emissions.”

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        SANY India Inaugurates Factory Expansion At Pune Facility

        SANY India Inaugurates Factory Expansion At Pune Facility

        Leading construction equipment manufacturer SANY India has inaugurated a new factory expansion at its 90-acre manufacturing facility in Pune, representing a major step forward for localised manufacturing and increased production capacity in India.

        The new facility has a strong fabrication capacity of over 100,000 metric tonnes annually in addition to an annual production capacity of over 14,000 units. These skills put SANY India in a position to effectively meet the growing needs of the mining, energy and construction industries both domestically and internationally while preserving operational precision and flexibility. This reaffirms SANY's dedication to the Indian market and to making India a worldwide centre for sourcing.

        Emphasising the strategic importance of the expanded facility, Xiang Wenbo, Chairman, SANY Group, said, "This new factory represents a significant step forward in our commitment to delivering world-class products with utmost precision. By incorporating the latest manufacturing technologies, we are positioning ourselves to meet both the challenges of today and the demands of tomorrow." India is a key operational base for SANY's international operations and a pillar of the company's worldwide strategy, he said, underscoring the country's long-term potential.

        Deepak Garg, Vice Chairman & Managing Director, SANY India, said, "The inauguration of our new factory expansion represents a significant leap in SANY India's manufacturing capabilities. This facility also supports our commitment to the Prime Minister’s vision of ‘Make in India’ by enhancing exports to key markets and driving increased localisation in our manufacturing processes. These efforts not only boost India’s manufacturing prowess but also strengthen our role in the nation's infrastructure development story."

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          Pure EV Increases Use Of Renewable Energy To Slash Carbon Footprint

          Pure EV

          Pure EV, an electric two-wheeler start-up, has integrated 500 KWh of Energy Storage Solutions (ESS) and 125 KW of solar system with DG and grid at its facility in Telangana, to cut down on its carbon footprint.

          The start-up claims it has been able to reduce 60 percent of power bill and 65 percent in DG fuel bills compared to FY2023. The 500 KWh installed capacity fully consists of refurbished batteries that was repurposed from its customers who exchanged their old batteries for the Pure EV’s 5th generation batteries.

          Dr Nishanth Dongari, Founder & MD, Pure EV, said, “We are happy that our actions stay true to our genesis of Power Using Renewable Energy (PURE), which not only helps us reduce our environmental impact but also significantly cut energy costs. By harnessing the power of solar energy in combination with cutting-edge energy storage technology, we are making powerful strides towards a more sustainable future. This approach not only reduces our reliance on non-renewable resources but also enhances our operational efficiency, ensuring that we are driving both environmental and economic benefits. As we continue to innovate and integrate these green technologies into our business model, we are reinforcing our commitment to sustainability and shaping a cleaner, more energy-efficient tomorrow."

          Going forward, Pure EV aims to add 125 KW solar system and 500 KWh ESS by 2026.

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