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MOTORINDIA
l
September 2012
Eicher
sales, profit up despite
market challenges
Eicher Motors Ltd. (EML) registered total income
from operations at INR 3,253.2 crores for the half year
ended June 2012. Operating EBIDTA was INR 319.7
crores and PAT INR 276 crores.
For the Q2 ending June 2012, total income from op-
erations was INR 1,585 crores, with an operating EBID-
TA of INR 139.5 crores and PAT of INR 112.6 crores.
Speaking on the results, Mr. Siddhartha Lal, Man-
aging Director & CEO, Eicher Motors Ltd., said: “At
Eicher Motors the last quarter has been very significant
both in terms of strategic direction and focused execu-
tion. Our continued focus on product strategies and
vehicle zone
Mr. Siddhartha Lal
Managing Director & CEO, Eicher Motors Ltd.
“VECV’s Eicher Trucks and Buses Division continues to
grow even when the industry at large has slowed down
due to the tough economic environment. In Q2 2012,
ETB has registered a volume growth of 8.8% to outpace
the industry that has dropped by 11.3%. This surge is
attributed to our focused strategy of driving growth and
improved market share in the heavy duty and bus seg-
ments that has particularly done well for ETB in this
quarter.”
– Mr. Siddhartha Lal