Thursday, 1 October 2015

Eicher Motors Rises, Royal Enfield Sales Jump 59%

Eicher Motors Rises, Royal Enfield Sales Jump 59%

Shares of Royal Enfield-maker Eicher Motors rose over 2 per cent to their intraday high of Rs 18,145 on Thursday after the company reported strong sales for September.

Royal Enfield, the two-wheeler division of Eicher Motors, sold 44,491 units during the month - up nearly 59 per cent compared to 28,020 units in September 2014. Exports were up 56 per cent at 750 units.

Eicher Motors reported a nearly 28 per cent rise in commercial vehicle sales at 4,248 units in September, as against 3,326 units in September 2014.

As of 12:44 p.m., shares in Eicher Motors were trading 1.7 per cent higher at Rs 18,084.85 apiece on the BSE, outperforming the broader markets that were up 0.3 per cent.        

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