Eicher Motors Limited (EML) is the flagship company of the Eicher Group which produced India’s first agricultural tractor in 1959. Eicher Motors owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India. Eicher Motors currently has 2 JV’s. – JV with the Volvo group i.e. VE Commercial Vehicles Limited – designs, manufactures and markets reliable, fuel-efficient trucks and buses. – JV with US based Polaris Industries i.e. Eicher Polaris Private Limited – manufacturer of the Multix – a new 3-in-1 off-road vehicle. Siddhartha Lal led Eicher Motors Limited announced their results for Q4-2015 and twelve months ended December 31, 2015. [The current financial year of the Company commenced on January 1, 2015 and will end on March 31, 2016, being for a period of fifteen (15) months] This is how they stood: Our Notes: 45% growth in Total Income from Operations i.e. Rs. 1,021.79 cr. 48% increase in Cost of Materials consumed i.e. … (Read On…)
[via Capital Mind]
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