Eicher Motors shuts joint venture with US-based Polaris
The decision was taken in a meeting held last week on Friday (March 9), Eicher Motors said.
Two-wheeler maker Eicher Motors Ltd on Tuesday said it closed the second quarter of the current fiscal growing its consolidated net profit to Rs 518 crore.
In a statement issued here, the company said its consolidated net profit for the quarter ended September 30, 2017 stood at Rs 518 crore — up from Rs 413 crore posted for the quarter ended September 30, 2016.
The company’s total revenue for the quarter ended September 30, 2017 stood at Rs 2,167 crore — up from Rs 1,755 crore logged for the quarter ended September 30, 2016.
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During the second quarter of the fiscal, the company commenced commercial production at its third manufacturing facility at Vallam Vadagal, near Chennai, in August 2017.
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