NIFTY 50

Eicher Motors expects growth in business in Q4 of FY19

Updated : January 03, 2019 01:02 PM IST

Eicher Motors is expecting to witness some growth in the fourth quarter of financial year 2019, said Vinod Aggarwal, managing director and CEO of the company.

Royal Enfield, the two-wheeler division of Eicher Motors, on Tuesday reported a 13 percent decline in total sales to 58,278 units in December. The company had sold 66,968 units in December last year, it said in a statement.

“The stress has been basically led by financing, liquidity crunch, the NBFCs under stress as a lot of financing has been curtailed by them," said Aggarwal, adding "used trucks financing is also under strain and at the same time there is some impact of axle load norms."

“However, within heavy duty trucks the tippers are doing very well. So construction segment or the infrastructure segment is continuing to do well,” he added.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV