Eicher Motors rises on the BSE
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Eicher Motors is currently trading at Rs. 3905.85, up by 19.10 points or 0.49% from its previous closing of Rs. 3886.75 on the BSE.
The scrip opened at Rs. 3913.05 and has touched a high and low of Rs. 3916.10 and Rs. 3892.00 respectively. So far 2155 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4201.70 on 04-Dec-2023 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. 3966.95 and Rs. 3676.45 respectively. The current market cap of the company is Rs. 107132.46 crore.
The promoters holding in the company stood at 49.15%, while Institutions and Non-Institutions held 40.10% and 10.75% respectively.
Eicher Motors and Volvo Group's joint venture (JV) company -- VE Commercial Vehicles (VECV) has forayed into the small commercial vehicle segment with the global unveiling of the first product at the Bharat Mobility Global Expo 2024. Eicher Trucks and Buses, a division of VECV, unveiled the range which spans from 2T to 3.5T GVW. The first product under the range is scheduled for customer trials in April 2024, with commercial roll-out expected in the first quarter of 2025. Eicher will introduce the electric variant first, progressively moving towards clean CNG and diesel variants.
The small commercial vehicle (SCV) segment will be driven by rapid urbanisation, booming e-commerce, increased personal consumption, and the rise of the hub-and-spoke distribution. The upcoming range will play a pivotal role in this transformation with its pro-business and pro-planet approach. The first product under the new range has been designed and developed in India and will be manufactured at the company's facility in Bhopal.
