Eicher Motors rises as its arm crosses 2 lakh sales of Hunter 350 model
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Eicher Motors is currently trading at Rs. 3351.75, up by 25.90 points or 0.78% from its previous closing of Rs. 3325.85 on the BSE.
The scrip opened at Rs. 3326.05 and has touched a high and low of Rs. 3359.35 and Rs. 3326.05 respectively. So far 3315 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3886.00 on 01-Nov-2022 and a 52 week low of Rs. 2835.95 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3365.00 and Rs. 3283.25 respectively. The current market cap of the company is Rs. 91812.41 crore.
The promoters holding in the company stood at 49.17%, while Institutions and Non-Institutions held 40.39% and 10.43% respectively.
Eicher Motors’ motorcycle arm -- Royal Enfield has crossed 2 lakh units cumulative sales of its Hunter 350 model in less than a year of launch. The company had launched the Hunter 350 model in August 2022 and touched 1-lakh sales mark in February 2023 and has completed the next 1 lakh units sales milestone in just five months since. In India, the Hunter 350 has made rapid inroads into the Tier-2 and Tier-3 markets as well, apart from the metros.
Globally, Hunter is available in Indonesia, Japan, Korea, Thailand in APAC; France, Germany, Italy and the UK in Europe; Argentina, Colombia and Mexico in LATAM and in Australia and New Zealand as well. It will soon be launched in Brazil.
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.
