Commercial vehicle maker Eicher Motors has reported a 38.29 per cent jump in its consolidated profit for the second quarter ended June 30, 2011 at Rs 76.31 crore on account of good sales of its products across all verticals.

The company had posted a profit of Rs 55.18 crore in the corresponding period last fiscal.

Consolidated total income from operations also increased by 25.03 per cent to Rs 1,298.42 crore from Rs 1,038.48 crore.

“We have witnessed very strong growth in all segments like heavy duty, light and medium duty, buses and motorcycle business,” the company Managing Director and CEO, Mr Siddhartha Lal, told PTI.

In the April-June period, the company sold 1,654 units of heavy commercial vehicles against 1,034 units in the same period last year, up 59.96 per cent. Sales of light commercial vehicles stood at 7,036 units (5,854 units), up 20.19 per cent.

Mr Lal said sales in the bus segment also increased by 15.23 per cent to 2,217 units from 1,924 units.

“Sales of Royal Enfield motorcycles increased by 48.64 per cent in the last quarter to 18,581 units from 12,501 units in the year-ago period,” he added.

When asked about the outlook, he said the company may witness some “muted” growth in the coming months due to rise in interest rates on auto loans.

Mr Lal, however, said to cater to the growing demand for its products, the company is expanding the production capacity of its Pithampur facility in Madhya Pradesh by 10-15 per cent within this year from 4,000 units at present.

“The production capacity will be increased to 8,000 units per month after our upcoming paint and stamping shop is ready by 2012,” he added.

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