Eicher Motors Share Price Down, Volumes Surges

Eicher Motors share price is trading 2% lower at Rs.21,340 whereas its volume traded has increased by 6 times and stands at 63,364.

Manufacturer of Royal Enfield, Eicher Motors Limited, posted 31 per cent increase in 2-wheeler sales in the month of July. The company said in its press release that total sales read at 53,378 vehicles as compared to 40,760 in July 2015. Exports soared 40 per cent to 1,250 units.

Sales of models with engine capacity of up to 350 cubic centimeters surged 31 per cent to 47,651 units. Models with engine capacity more than 350 cc increased 32 per cent to 5,727 units.

Eicher Motors share price opened at Rs.21,979.95 and closed 2.32% lower at Rs.21,368.40 on NSE today. The intraday high was seen to Rs.22,160.85 while the intraday low stood at Rs.21,240.05.

  

Eicher Motors - A glimpse:  

Eicher Motors Limited or EML is the flagship company of the massive Eicher Group. It acted as a catalyst in the green revolution in India with the production of the nation’s first agricultural tractor in the year 1959. In the year 2014, Eicher Motors reported its highest ever total income of Rs. 8738 cr (1.4 billion US dollars) and is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). 

Eicher Motors is presently a leading player in the Indian automotive space. It is the owner of the iconic Royal Enfield motorcycle business, which leads India’s premium motorcycle segment.

Kindly visit Eicher Motors share price history for more details on the stock