Eicher Motors Surges 6% on Strong Q3 Profit, Capacity Expansion

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Eicher Motors jumped over 6% (at the time of posting this post) after reporting a 21% rise in Q3 profit, driven by robust sales at Royal Enfield. The company approved ₹958 crore to expand Tamil Nadu capacity to 2 million units. Brokerages raised targets, citing premiumisation gains, though margin concerns persist.