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.