Earnings Alerts

July Sales Drop: Eicher Motors (EIM) Earnings Face -8% Decline in Motorcycle Units

  • Eicher’s motorcycle sales for July 2024 were 67,265 units.
  • Motorcycle sales decreased by 8% year over year (y/y) from 73,117 units.
  • Commercial vehicle sales for July 2024 were 6,622 units.
  • Commercial vehicle sales increased by 13% year over year.
  • Exports for July 2024 were 6,057 units.
  • Exports decreased by 14% year over year.
  • Analyst recommendations: 17 buys, 11 holds, 14 sells.

A look at Eicher Motors Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Eicher Motors shows a promising long-term outlook. With strong scores in Dividend, Growth, Resilience, and Momentum, the company is positioned well for future success. A high Dividend score indicates a healthy payout to shareholders, while Growth, Resilience, and Momentum scores reflect strong performance and potential for growth in the market. Eicher Motors‘ diversified manufacturing portfolio including light commercial vehicles, two-wheelers, and automotive gears further adds to its positive outlook.

Eicher Motors Ltd., a manufacturer of light commercial vehicles, two-wheelers, and automotive gears, stands out with its overall positive Smartkarma Smart Scores. With solid scores in key areas such as Dividend, Growth, Resilience, and Momentum, the company demonstrates resilience, growth potential, and strong market momentum. This positions Eicher Motors well for long-term success, both domestically and in international markets where its products are exported.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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