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23-Nov2017

Eicher Motors gains with JV launching five Commercial Vehicles variants

Eicher Motors is currently trading at Rs. 30528.00, up by 329.95 points or 1.09% from its previous closing of Rs. 30198.05 on the BSE.

The scrip opened at Rs. 30151.00 and has touched a high and low of Rs. 30629.80 and Rs. 30151.00 respectively. So far 1001 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33483.95 on 08-Sep-2017 and a 52 week low of Rs. 19975.40 on 25-Nov-2016.

Last one week high and low of the scrip stood at Rs. 31499.00 and Rs. 30151.00 respectively. The current market cap of the company is Rs. 83,105.00 crore.

The promoters holding in the company stood at 50.55%, while Institutions and Non-Institutions held 36.61% and 12.84% respectively.

Eicher Motors' joint venture (JV) with Volvo Group - VE Commercial Vehicles (VECV) has launched five variants for the e-commerce industry priced between Rs 16.26 lakh and Rs 27.4 lakh.

Eicher Trucks and Buses, part of VE Commercial Vehicles has showcased five new variants of light and medium duty vehicles in the Pro 1,000 and Pro 3,000 series range. The vehicles were launched at 'Eicher Pro Biz Expo' which is aimed at bringing together customers and key stakeholders in the e-commerce and logistics space.

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.



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