Latest news with #Meteor350
NDTV
02-06-2025
- Automotive
- NDTV
Royal Enfield Continues With Sales Momentum In May'25, Retails 89,429 Units
Royal Enfield, the two-wheeler manufacturer, witnesses a 26 percent increase in sales in May 2025 compared to the previous year. This growth is mainly due to the success of its 350cc models, such as the Classic 350, Hunter 350, Bullet 350, and Meteor 350. The company also had a rise in exports during this period. In this article, we will examine the year-over-year (YoY) sales figures for Royal Enfield. Royal Enfield Sales May 2025: YoY Sales Analysis Royal Enfield, known for its popular 350 cc models, including the Classic 350, Bullet 350, Hunter 350, and Meteor 350, sold 76,492 units in May 2025, up from 59,852 units sold in May of the previous year. In the first two months of this financial year, Royal Enfield sold a total of 150,774 units in this segment, which is a 14 percent increase from 132,718 units sold during the same time last year. Royal Enfield Classic 350 For motorcycles with engine capacities over 350 cc, Royal Enfield offers models like the Classic 650, the Scram 440, the Bear 650, Guerrilla 450, Shotgun 650, Himalayan, Super Meteor 650, Interceptor 650, and Continental GT. In May, they sold 12,937 units in this category, up 16 percent from 11,158 units in May of the year prior. In total, for April and May 2025, they sold 25,214 motorcycles, a 25 percent increase from 20,162 units sold during the same two months last year. In May 2025, Royal Enfield sold 89,429 units globally, a 26 percent increase from 71,010 units in May 2024. In the first two months of the fiscal year, total sales reached 175,988 units, up 15 percent from 152,880 units last year. Exports also grew in May 2025, with 13,609 units shipped overseas 82 percent increase from 7,479 units in May 2024. For April and May combined, the company exported 24,166 units, a 69 percent increase from 14,311 units last year.
Yahoo
11-02-2025
- Automotive
- Yahoo
India's Eicher Motors skids on worries about growth-over-profit strategy
(Reuters) - Shares of Eicher Motors dropped nearly 7% on Tuesday as the Royal Enfield motorcycle maker's heavy spending on new launches hurt profit margins, with analysts expecting the company's focus on growth to keep the pressure on profitability. The stock was set for its biggest one-day decline since July 2023 and was the biggest drag on auto stocks. At least six of the 34 brokerages covering the company lowered their rating on the stock, according to LSEG data. Eicher's core profit margins missed analysts' expectations on Monday due to higher sales of lower-margin motorcycles such as the 'Meteor 350', heavy spending on new models like the e-bike "Flying Flea", and increased costs, including on promotions in a quarter that included the major Diwali and Christmas festivals. Elara Securities analyst Jay Kale said though vehicle sales hit an all-time high in the quarter, with growth beating those of rivals, the company's gross profit per vehicle was at a six-quarter low. Kale rates the stock "sell". Morgan Stanley analyst Binay Singh, who rates the stock "underweight", doesn't expect margins to grow soon. "Growth over margins is the right strategy, in our view. But with the stock pricing in high growth and high margins, achieving both will be tough." Eicher's stock has outperformed those of its key rivals, Bajaj Auto and TVS Motor, over the past year. Its price-to-forward earnings ratio of 29.3 is sandwiched between TVS's 38 and Bajaj's 26. However, while six analysts cut their price targets on Eicher's stock, at least 17, or half of all brokerages, raised their targets, factoring in higher core profit from the company's commercial vehicles joint venture with Volvo. Analysts' median 12-month target is now 5,409.50 rupees on the stock, implying a 6% upside to the current price of about 5,102 rupees, per LSEG data. Their average rating is "hold" on Eicher, while they rate both Bajaj and TVS "buy". Sign in to access your portfolio
Yahoo
11-02-2025
- Automotive
- Yahoo
India's Eicher Motors skids on worries about growth-over-profit strategy
(Reuters) - Shares of Eicher Motors dropped nearly 7% on Tuesday as the Royal Enfield motorcycle maker's heavy spending on new launches hurt profit margins, with analysts expecting the company's focus on growth to keep the pressure on profitability. The stock was set for its biggest one-day decline since July 2023 and was the biggest drag on auto stocks. At least six of the 34 brokerages covering the company lowered their rating on the stock, according to LSEG data. Eicher's core profit margins missed analysts' expectations on Monday due to higher sales of lower-margin motorcycles such as the 'Meteor 350', heavy spending on new models like the e-bike "Flying Flea", and increased costs, including on promotions in a quarter that included the major Diwali and Christmas festivals. Elara Securities analyst Jay Kale said though vehicle sales hit an all-time high in the quarter, with growth beating those of rivals, the company's gross profit per vehicle was at a six-quarter low. Kale rates the stock "sell". Morgan Stanley analyst Binay Singh, who rates the stock "underweight", doesn't expect margins to grow soon. "Growth over margins is the right strategy, in our view. But with the stock pricing in high growth and high margins, achieving both will be tough." Eicher's stock has outperformed those of its key rivals, Bajaj Auto and TVS Motor, over the past year. Its price-to-forward earnings ratio of 29.3 is sandwiched between TVS's 38 and Bajaj's 26. However, while six analysts cut their price targets on Eicher's stock, at least 17, or half of all brokerages, raised their targets, factoring in higher core profit from the company's commercial vehicles joint venture with Volvo. Analysts' median 12-month target is now 5,409.50 rupees on the stock, implying a 6% upside to the current price of about 5,102 rupees, per LSEG data. Their average rating is "hold" on Eicher, while they rate both Bajaj and TVS "buy". Sign in to access your portfolio
Reuters
11-02-2025
- Automotive
- Reuters
India's Eicher Motors skids on worries about growth-over-profit strategy
Feb 11 (Reuters) - Shares of Eicher Motors ( opens new tab dropped nearly 7% on Tuesday as the Royal Enfield motorcycle maker's heavy spending on new launches hurt profit margins, with analysts expecting the company's focus on growth to keep the pressure on profitability. The stock was set for its biggest one-day decline since July 2023 and was the biggest drag on auto stocks (.NIFTYAUTO), opens new tab. At least six of the 34 brokerages covering the company lowered their rating on the stock, according to LSEG data. Eicher's core profit margins missed analysts' expectations on Monday due to higher sales of lower-margin motorcycles such as the 'Meteor 350', heavy spending on new models like the e-bike "Flying Flea", and increased costs, including on promotions in a quarter that included the major Diwali and Christmas festivals. Elara Securities analyst Jay Kale said though vehicle sales hit an all-time high in the quarter, with growth beating those of rivals, the company's gross profit per vehicle was at a six-quarter low. Kale rates the stock "sell". Morgan Stanley analyst Binay Singh, who rates the stock "underweight", doesn't expect margins to grow soon. "Growth over margins is the right strategy, in our view. But with the stock pricing in high growth and high margins, achieving both will be tough." Eicher's stock has outperformed those of its key rivals, Bajaj Auto ( opens new tab and TVS Motor ( opens new tab, over the past year. Its price-to-forward earnings ratio of 29.3 is sandwiched between TVS's 38 and Bajaj's 26. However, while six analysts cut their price targets on Eicher's stock, at least 17, or half of all brokerages, raised their targets, factoring in higher core profit from the company's commercial vehicles joint venture with Volvo. Analysts' median 12-month target is now 5,409.50 rupees on the stock, implying a 6% upside to the current price of about 5,102 rupees, per LSEG data. Their average rating is "hold" on Eicher, while they rate both Bajaj and TVS "buy".
