Post
Stockslist
EICHERMOT
Eicher motors
Highlights from management commentary
* RE demand remains strong on the back of a strong order book, expected pent-up demand, and a surge in export numbers. It has 2–3 months of order backlog, which would be catered to once the lockdowns are lifted. It expects to achieve 80k units/month in 2HFY22.
* RE has a very exciting pipeline of new products, with FY22 having the highest ever number of model launches.
* RE has reduced rhodium consumption by 66%; however, the benefit of this would be reflected in the coming quarters.
* RE added a total of 535 stores, including main stores (>100 stores) and studio stores (>430 stores), in FY21, taking the total number of outlets to 2,056 across 1,750 cities (from 1200 cities). Network expansion in India is largely complete, except in one state.
Jun 23 10:49 AM
NSE:EICHERMOT price when posted: 2,736.9