Eicher 3Q net slips on high input cost, competition

Newswire

MUMBAI, Jan 29 (Reuters) - Profit at truck maker Eicher Motors Ltd fell 11 percent in the October-December quarter on rising input cost and competition. Eicher, which lags Tata Motors Ltd and Ashok Leyland in sales, reported a net profit of 158 million rupees as sales rose 11 percent to 5.48 billion rupees. "Inspite of difficult cost and competitive environments .... We have maintained a reasonable balance between market share and margin, while heavily investing in sales and revenue ...

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