Home / BUSINESS / Eicher Motors rides high despite its motorcycle division reports 17% fall in September sales

Eicher Motors rides high despite its motorcycle division reports 17% fall in September sales

Eicher Motors Eicher Motors is currently trading at Rs. 18170.65, up by 356.40 points or 2.00% from its previous closing of Rs. 17814.25 on the BSE.

The scrip opened at Rs. 17811.00 and has touched a high and low of Rs. 18318.00 and Rs. 17766.00 respectively. So far 1856 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 25300.00 on 19-Nov-2018 and a 52 week low of Rs. 15196.95 on 26-Aug-2019.

Last one week high and low of the scrip stood at Rs. 18318.00 and Rs. 17375.00 respectively. The current market cap of the company is Rs. 49570.14 crore.

The promoters holding in the company stood at 49.31%, while Institutions and Non-Institutions held 37.95% and 12.74% respectively.

Eicher Motors’ motorcycle division has reported 17% fall in sales at 59,500 units in September 2019 as compared to 71,662 motorcycles sold in September 2018. During September 2019, export of number of motorcycles increased by 191% to 4642 units from 1597 units in September 2018.

The company’s sales of vehicles with engine capacity up to 350 cc decreased by 23% at 52,017 units in September 2019 against 67,582 units in the same period year ago. However, the sales of its vehicles with engine capacity exceeding 350 cc increased by 83% at 7,483 units as against 4,080 units in September last year.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

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