Eicher says Jan-March net falls on steel prices

Newswire

NEW DELHI, April 28 (Reuters) - Eicher Motors Ltd's Jan-March net profit fell 6.7 percent on high steel prices and could continue to impact margins in the coming quarters, it told investors on Monday. Eicher, which makes and sells trucks and Royal Enfield motorcycles, however said it expects to grow faster in the year to March 2009, as it gains market share from expanding sales and a wider marketing network. "In the light and medium-duty commercial vehicles, we have increased our market ...

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