Eicher Motors will invest INR 1,000 crore in the electric vehicle sector and enhancing its internal combustion engine offerings, according to a statement. The Gurugram-based company has also acquired land for an EV unit and is planning an assembly line for EVs at its Chennai facility. Earlier, the firm posted a 48.4% YoY increase in consolidated net profit of INR 906 crore ($121m) for Q4 2022, and its sales in the period were 17.9% up at 214,685 motorcycles. Total revenue from operations stood at INR 3,804 crore, up 19.1% YoY.