Eicher Motors is up for the third straight session. The stock today opening in the positive and rose over 3% to an intraday high at Rs.2620. Its 52-week high stands at Rs.2724.90.
Its total Royal Enfield sales, YoY, for Dec rose 37% to 50,416 units and MoM, it was up 8%.
Sale of models with engine capacity upto 350 cc rose 33% (YoY) and those with capacity of over 350cc rose 106%. It exports rose by a huge 82%.
On the other hand, the total sales of its commercial vehicles from its subsidiary, VE Commercial Vehicle fell 3% (YoY) though MoM, it was up 32%. Its total CV sales fell 8% (YoY) though exports rose 24%.