<p>Bengaluru: Indian automaker Eicher Motors reported a better-than-expected third-quarter profit on Tuesday, on the back of steady demand for its premium Royal Enfield motorcycles and higher commercial vehicle sales.</p><p>The company's profit rose 34.4 per cent to Rs 996 crore in the three months to December 31, beating analysts' estimates of Rs 989 crore, as per LSEG data.</p><p>Eicher, India's largest premium motorcycle maker, and also its most profitable automaker, said revenue rose 12.3 per cent to Rs 4,179 crore.</p>.Royal Enfield to invest Rs 3,000 crore in TN for development of new products.<p>The company derives most of its revenue from the sales of Royal Enfield motorcycles, its biggest business.</p><p>While Royal Enfield faces increasing competition in India from Bajaj-made Triumph models and the Hero-manufactured Harley Davison X440, its trusted brand name has helped it stay competitive, analysts said.</p><p>Eicher's commercial vehicle venture with Volvo benefited from higher sales and lower discounts, the analysts added. </p>
<p>Bengaluru: Indian automaker Eicher Motors reported a better-than-expected third-quarter profit on Tuesday, on the back of steady demand for its premium Royal Enfield motorcycles and higher commercial vehicle sales.</p><p>The company's profit rose 34.4 per cent to Rs 996 crore in the three months to December 31, beating analysts' estimates of Rs 989 crore, as per LSEG data.</p><p>Eicher, India's largest premium motorcycle maker, and also its most profitable automaker, said revenue rose 12.3 per cent to Rs 4,179 crore.</p>.Royal Enfield to invest Rs 3,000 crore in TN for development of new products.<p>The company derives most of its revenue from the sales of Royal Enfield motorcycles, its biggest business.</p><p>While Royal Enfield faces increasing competition in India from Bajaj-made Triumph models and the Hero-manufactured Harley Davison X440, its trusted brand name has helped it stay competitive, analysts said.</p><p>Eicher's commercial vehicle venture with Volvo benefited from higher sales and lower discounts, the analysts added. </p>