Eicher Motors’ board approves ₹1,225-crore investment in Andhra plant in Ph I; posts 21% rise in Q1 consolidated net profit

Eicher Motors’ board approved a ₹1,225-crore investment for a new Andhra Pradesh plant on Wednesday. The company also posted a 21% rise in Q1 consolidated net profit to ₹1,463 crore. Managing Director B Govindarajan said, “we have sustained our strong momentum into the new financial year” after record-setting sales performance.