Eicher sees good growth for this financial year

Eicher is an Indian truck maker that has established itself as a leading player in the commercial vehicles field. It was founded in 1948 and over half a century, the company has grown to formidable levels. According to the financial results announced in last quarter, the company has seen a substantial boost in its operating profits. Its total income from all operations has seen a growth of 33.5%. The earnings that the company sees before interest and tax is an admirable 66%.

When placed beside the results for the first quarter of the last year, the company enjoys a sizable growth in its market holdings. Its operating income has increased by 51.2% over the last year. Furthermore, its total earnings before taxes see a boost of 70.8%, which is truly impressive. Going into specifics, the brand has seen its largest growth in the segment of heavy duty trucks with a total of 29.4 percent rise in its sales units.

The company's leaders responded positively over the growth rate.

“Eicher Motors has continued its strong run and reported its best ever quarter results registering 33.5 % growth and posting the highest ever quarterly income from operations at INR 2,568 crore for Q1 2015” said Mr Siddhartha Lal, the managing director and CEO of the major brand.

The arena with the lowest sales boost is the light and medium duty trucks section. This sees growth of 0.1% over the last year.