Miniature models of Royal Enfield motorbikes are seen on display at Bharat Mobility Global Expo organised by India’s commerce ministry at Pragati Maidan in New Delhi, India, February 1, 2024. REUTERS
Indian automaker Eicher Motors reported a bigger-than-expected quarterly profit on Thursday, helped by strong demand for its premium motorcycles and commercial vehicles.
The company, which makes Royal Enfield motorcycles, clocked a profit of 12.05 billion rupees ($137.6 million) in the quarter ended June 30, compared with 11.01 billion rupees a year earlier.
Analysts expected Eicher to deliver a profit of 11.17 billion rupees, per data compiled by LSEG.
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