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While registering steady growth on an annual basis, Eicher Motors lagged in quarterly comparison. The 2W segment displayed steady growth despite facing the seasonal backlash, leading to lower footfall during the quarter, however, aided by higher ASP, the company registered healthy revenue growth during the quarter. On the CV front, the segment delivered its best-ever Q2 performance, with a strengthened market share in the truck segment despite the slowdown in the CV industry. Margins remained under pressure as the company continued with its efforts to grow its presence in the heavy-duty truck segment. In a bid to strengthen its global footprint, Eicher Motors commenced operations of its manufacturing unit and flagship showroom in Bangladesh, engaging in local production and assembly of four flagship models—Hunter 350, Meteor 350, Classic 350, and Bullet 350. Further expanding its base, the company announced plans to set up a new CKD unit in Brazil by January 2025, which will help diversify its operations and broaden its market presence. Additionally, the company forayed into the EV space with the launch of its new electric vehicle brand, Flying Flea, featuring two models - the Classic-styled Flying Flea C6 and the Scrambler-styled Flying Flea S6. Overall, Eicher Motors' expansion plans and entry into the EV space bode well for its growth, positioning the company for sustained development and a stronger market presence.