Eicher Motors Limited (EML) has announced the unaudited consolidated financial results for the first quarter ended June 30, 2017.
Royal Enfield posted its best ever performance in Quarter ended June 2017. In this quarter, Royal Enfield sold 183,731 motorcycles, registering its best ever quarterly sales volume and posting a growth of 24.7% over 147,349 motorcycles sold in the same period last year. Royal Enfield also posted its highest ever quarterly income from operations at Rs 2,001 crore (net of excise duty) for Q1 2017-18, a growth of 28.6% over the corresponding period last year.
Commenting on Royal Enfield's performance, Siddhartha Lal Managing Director and CEO Eicher Motors Ltd said, "Royal Enfield has performed extremely well in the first quarter of FY 2017-18 despite a number of issues in the domestic market like BS-IV transition and GST rollout that affected the industry. In the face of these challenges, Royal Enfield transitioned to the BS-IV norms with no BS-III inventory. We smoothly transitioned to GST regime without any disruptions"
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