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Raghu Nandan

Nuvama Research
EICHERMOT

Eicher Motors Limited

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Eicher Motors Limited CC-Mar25.pdf
14 May 2025
Open call
  1. Thank you, sir for the opportunity. Congrats on the strong volume performance. One clarification, within the gross margin on a Q-o-Q basis, Vidhya ma'am, you indicated a 20-bps provision relating to a few old bikes. So if you can just expand on that? And that is the one-off, right?

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  2. Understood. My first question was on Classic 650. Given the strong umbrella brand of Classic how do you see the potential for that model going forward and how has been the response so far?

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  3. Got it, sir. And considering the strong volume performance, what are the plans to expand capacity like currently our capacity is 1.2 million units and there are months where we are very close to hitting the full capacity. So how do you see the expansion? How much expansion are we planning?

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