US tariff impact on exports
Tariff uncertainty in the US could affect Royal Enfield exports; management has pre-tariff inventory but future impact unclear.
EICHERMOT / Q4-FY25 / risks
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Eicher Motors · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Commodity price volatility
Steel and aluminum prices increased, impacting gross margins by ~20 bps in Q4; further volatility expected.
One-off inventory provision
A 20 bps gross margin hit from inventory provisions for old bikes; may recur if not managed.