Eicher Motors Ltd
Tue 6/05/2025,15:59:36 | NSE : EICHERMOT
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Market Data
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Open
₹ 5460.50
Previous Close
₹ 5460.50
Volume
514699
Mkt Cap ( Rs. Cr)
₹151198.82
High
₹ 5597.00
Low
₹ 5440.50
52 Week High
₹ 5906.50
52 Week Low
₹ 4253.85
Book Value Per Share
₹ 692.28
Dividend Yield
0.92
Face Value
₹ 1.00
What’s Your Call?
Collective community sentiment on Eicher Motors Ltd
Your Vote -
Buy
78.23%
Hold
12.29%
Sell
9.48%
78.23%
12570 users have voted
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Buy Order Quantity
100%
Sell Order Quantity
0%
Bid Price
Qty
5515.00
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Bid Total
9
Bid Price
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Bid Total
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Option Chain
Analyzes market sentiment, predicts Eicher Motors Ltd' movement.
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News
Media spotlight triggers eicher motors ltd stock attention, sentiment.
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Eicher Motors - Copy of Newspaper Publication
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Eicher Motors - General Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Change in Directorate
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Eicher Motors - Shareholders meeting
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Eicher Motors - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report
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Eicher Motors - Monthly Business Updates
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Eicher Motors - Monthly Business Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates
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Eicher Motors - Press Release
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Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Eicher Motors - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
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Eicher Motors has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025
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Eicher Motors - Press Release
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Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Eicher Motors - Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Eicher Motors - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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Eicher Motors - Copy of Newspaper Publication
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Eicher Motors - Notice Of Shareholders Meetings-XBRL
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Eicher Motors - Monthly Business Updates
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Eicher Motors - Shareholders meeting
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Eicher Motors - Press Release
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Eicher Motors - Monthly Business Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates
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Eicher Motors - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
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Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates
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Eicher Motors - Press Release
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Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Eicher Motors - Trading Window-XBRL
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Eicher Motors - Trading Window-XBRL
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Eicher Motors - Trading Window
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Eicher Motors - Alteration Of Capital and Fund Raising-XBRL
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Eicher Motors - Allotment of Securities
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Eicher Motors - Announcement under Regulation 30 (LODR)-Allotment
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Eicher Motors - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates
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Eicher Motors - General Updates
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Eicher Motors - Monthly Business Updates
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Eicher Motors - Monthly Business Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates
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Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Eicher Motors - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates
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Eicher Motors - Intimation Of Grant Of Options Under ESOP, 2006 & RSU Plan 2019 Of The Company
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Eicher Motors - Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates
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Eicher Motors - Action(s) taken or orders passed
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Eicher Motors - VAT Demand Order
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Eicher Motors - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Eicher Motors - Integrated Filing- Financial
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Eicher Motors - Alteration Of Capital and Fund Raising-XBRL
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Eicher Motors - Integrated Filing (Financial)
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Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates
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Eicher Motors - Audio Recording Of Group Conference Call
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Eicher Motors - Outcome of Board Meeting
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Eicher Motors - Details Of KMP
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Eicher Motors - General Updates
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Eicher Motors - Announcement under Regulation 30 (LODR)-Change in Directorate
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Eicher Motors - Change in Director(s)
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Eicher Motors - Appointment
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Eicher Motors - General Updates
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Eicher Motors - General Updates
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Eicher Motors - Change In Registered Office Address
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Eicher Motors - Announcement under Regulation 30 (LODR)-Allotment
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Eicher Motors - General Updates
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Eicher Motors - Allotment of Securities
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Eicher Motors - General Updates
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Eicher Motors - Investor Presentation
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Eicher Motors - Announcement under Regulation 30 (LODR)-Investor Presentation
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Eicher Motors - Press Release
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Eicher Motors - Press Release
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Eicher Motors - Financial Result Updates
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Eicher Motors Q3 net profit up 15.60% at Rs 1056.23 cr
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Eicher Motors - Results - Financial Results For The Third Quarter And Period Ended December 31, 2024
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Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Eicher Motors - Board Meeting Outcome for Unaudited Standalone & Consolidated Financial Results And Limited Review Reports Of
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Stock update : Eicher Motors
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Stock update: Eicher Motors Q3FY24 result update
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Eicher Motors (Royal Enfield)
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Royal Enfield signs MoU With the Government of Tamil Nadu
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Stock Update : Eicher Motors
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Eicher Motors to buy 10.35% stake in Stark Future for €50 million
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Eicher Motors
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Eicher Motors’ sales beat estimates, Hero lags
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Eicher Motors
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Eicher Motors makes good movement
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Eicher Motors’ shareholders approve MD re-appointment
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Eicher Motors
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Eicher Motors reports overall CV sales of 1,223 units in May'21
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Eicher Motors: Q4FY21 results
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Eicher Motors:Q3FY21 results
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Eicher Motors management meet highlights
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Eicher Motors (Royal Enfield)
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Ashok Leyland, Eicher Motors, Tata Motors
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Eicher Motors
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Eicher Motors
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Eicher group company buys Volvo Bus India for Rs. 100 crore
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Eicher Motors up as shareholders approve stock split
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Eicher Motors reports VECV sales of 1,358 units
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Eicher Motors appoints Kaleeswaran Arunachalam as CFO
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Ashok Leyland, Eicher Motors
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Eicher Motors (Royal Enfield)
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Royal Enfield's BS-VI roll-out plans ride on outcome of IP case
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Eicher Motors CV segment sales for July 2019 at 4,048 units
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Eicher Motors: Results miss estimates
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Eicher Motors June 2019 CV sales falls by 29% yoy
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Eicher Motors Q4FY2019 consolidated results miss estimates
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Eicher Motors reports weak Q4FY2019 results
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Eicher Motors CV sales flat at 3,961 units
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Commercial vehicle segment sales in March 2019 decline by 8% y-o-y
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Eicher Motors commercial vehicle sales falls by 6.7% y-o-y
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Strike at 2W (Royal Enfield) Oragadam plant has been call off
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Ongoing strike at Eicher Motors 2W Oragadam plant has led to production loss
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Eicher Motors reports 13% decline in January 2019
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2W division Royal Enfield will invest an additional Rs. 500 crore
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Eicher Motors' Royal Enfield workers call off their strike
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Eicher-Volvo JV to invest Rs. 400 cr for Bhopal plant
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Eicher Motors arm to set up new unit at Bhopal
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Royal Enfield launches update version of Classic 500
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Eicher Motors' Royal Enfield Aug 2018 sales below ests
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Eicher Motors launches Royal Enfield Classic Signals
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Eicher Motors gets an order to supply trucks
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Eicher Motors Q1 net profit at Rs576 cr
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Eicher Motors July 2018 sales
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Eicher Motors to launch mid weight motorcycle platform
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Eicher Motors launches 2 new trucks in 41 & 49 tons segment
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Royal Enfield to focus on non-motorcycles business
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Eicher Motors' May sales up 23% (YoY)
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Eicher Motors report in line results
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Eicher Motors April 2018 sales at 76187 nos
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Automobile sector reports strong sales numbers
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Eicher Motors plans to invest Rs8 bn in 2018-19
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Eicher Motors to invest Rs 8 bn in FY 2018-19
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Eicher Motors commercial vehicle sales volumes at 9,411 units
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Eicher Motors (Royal Enfield) to launch the ABS version of Bullet in the initial days of April 2018
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Eicher Motors reflect a strong on-ground demand resulting in a sharp jump in sales volumes for the month.
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EIcher Motors launches ROyal Enfield Interceptor 650
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2W segment Royal Enfield Forays into Argentina market
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Royal Enfield to face tough competition from Java bikes
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Eicher Motors open Royal Enfield stores
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Eicher Motors launches new Thunderbird variant
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Finance Ministry approves vehicle scrappage policy
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Eicher Motors to launch "Thunderbird" motorcycles
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Eicher Motors to launch refreshed Thunderbird motorcycles
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Commercial vehicle JV sees strong volume growth
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Transport ministry finalises old vehicle scrppage policy
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Eicher Motors to launch 2018 version of Himalayan FI
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Automobiles December sales review for the year
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Eicher Motors to launch Thunderbird 500 cruise bike
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Royal Enfield to commence bookings of the Interceptor 650
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Royal Enfield Nov sales up 22% at 70126 units
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Eicher Motors Nov 2017 total sales at 4916 units
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Royal Enfield Nov sales up 22% at 70126 units
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Eicher Motors Nov 2017 total sales at 4916 units
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Eicher Motors launches CV variants targeting e-commerce market
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Eicher Motors reports decent set of Q2 results
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Eicher Motors - Royal Enfield unveils 2 new bikes
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Royal Enfield to launch all new 650cc motorcycle in April' 18
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Eicher Motors Oct 2017 sales numbers broadly in-line with estimates
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Eicher Motors: Two wheeler division enters Vietnam market - positive
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Eicher Motors – Royal Enfield September sales up 21.8% YoY
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Eicher Motors CV sales up by 25.6% YoY for September
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Eicher to launch 750 cc Interceptor in Nov 2017
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Eicher Motors plans to invest ~Rs450 Cr in CV bizz
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Eicher Motors in race to acquire Ducati
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Eicher Motors' CV division sales for August up 9% YoY
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Eicher Motors commences its new plant at Chennai
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Eicher Motors Q1 earnings in-line with ests
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Eicher Motors sales broadly in line with ests
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Eicher Motors 2W division indentifies 4 markets for growth
Key fundamentals
Evaluate the intrinsic value of Eicher Motors Ltd stock
Name | March-24 | March-23 | March-22 | March-21 | March-20 |
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Assets | 15865.86 | 12985.7 | 10800.55 | 9705 | 8275.34 |
Liabilities | 15865.86 | 12985.7 | 10800.55 | 9705 | 8275.34 |
Equity | 27.38 | 27.35 | 27.34 | 27.33 | 27.3 |
Gross Profit | 4380.18 | 3393.5 | 2113.56 | 1786.51 | 2203.78 |
Net Profit | 3749.42 | 2622.59 | 1586.22 | 1329.7 | 1903.82 |
Cash From Operating Activities | 3845.11 | 2807.11 | 1570 | 1696.91 | 1731.16 |
NPM(%) | 23.31 | 18.64 | 15.66 | 15.42 | 20.97 |
Revenue | 16078.16 | 14066.64 | 10122.86 | 8619.04 | 9077.47 |
Expenses | 11697.98 | 10673.14 | 8009.3 | 6832.53 | 6873.69 |
ROE(%) | 19.75 | 13.81 | 8.35 | 7 | 10.03 |
Corporate Action
XD-Date | Dividend-Amount | Dividend-% | Dividend Yield(%GE) | Price on that day |
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07 Aug 2024 | 51 | 5100 | 0.92 | 4657.45 |
14 Aug 2023 | 37 | 3700 | 0.92 | 3405.3 |
12 Aug 2022 | 21 | 2100 | 0.92 | 2432.65 |
09 Aug 2021 | 17 | 1700 | 0.92 | 2604.05 |
19 Mar 2020 | 125 | 1250 | 0.92 | 17753.6 |
24 Jul 2019 | 125 | 1250 | 0.92 | 20354 |
02 Aug 2018 | 110 | 1100 | 0.92 | 30315.65 |
31 Jul 2017 | 100 | 1000 | 0.92 | 26919.45 |
22 Mar 2016 | 100 | 1000 | 0.92 | 19849.85 |
11 Mar 2015 | 50 | 500 | 0.92 | 16051.1 |
12 Mar 2014 | 30 | 300 | 0.92 | 4437.55 |
13 Mar 2013 | 20 | 200 | 0.92 | 2671.35 |
05 Mar 2010 | 7 | 70 | 0.92 | 518.5 |
20 May 2009 | 5 | 50 | 0.92 | 213.35 |
26 May 2008 | 5 | 50 | 0.92 | 278.3 |
16 Mar 2007 | 29 | 290 | 0.92 | 309.8 |
22 Jun 2006 | 4 | 40 | 0.92 | 316.2 |
05 Aug 2005 | 4 | 40 | 0.92 | 305.05 |
17 Sep 2004 | 3.5 | 35 | 0.92 | 190.7 |
17 Jul 2003 | 3.5 | 35 | 0.92 | 83.65 |
15 Jul 2002 | 0 | 25 | 0.92 | 80.7 |
25 Jun 2001 | 0 | 20 | 0.92 | 24.8 |
0 | 0 | 0.92 | 38.9 | |
0 | 20 | 0.92 | 43.65 | |
0 | 15 | 0.92 | 21.75 | |
0 | 10 | 0.92 | 9.85 | |
0 | 10 | 0.92 | 22.85 |
Peers
Other companies within the same industry or sector that are comparable to Eicher Motors Ltd
Company | Price | Price (% change) | pe(x) | EV/EBITDA(x) | ROE(%) | ROCE(%) |
---|---|---|---|---|---|---|
Escorts Kubota Ltd | 3197.90 | -1.52 | 30.07 | 60894.89 | 937.73 | 0.56 |
SML Isuzu Ltd | 1551.20 | -0.54 | 18.55 | 7979.05 | 745.44 | 1.03 |
Tunwal E-Motors Ltd | 31.20 | 0.32 | 14.18 | 22843.02 | 106.79 | 0.00 |
Ashok Leyland Ltd | 221.13 | -1.36 | 22.94 | 1618150.89 | 845.73 | 2.24 |
Company Info
1982 - The company was incorporated on 14th October, and the certificate of commencement of business was obtained on 28th March, 1983. It was promoted in the joint sector by Eicher Goodearth Ltd., Mitsubishi Corporation, Japan, Mitsubishi Motors Corporation, Japan and Madhya Pradesh Audyogik Vikas Nigam Ltd. The main objective of the company is to manufacture of light commercial vehicles belonging to Mitsubishi `CANTER' series. - Either Goodearth Ltd., Mitsubishi Corporation and Mitsubishi Motors Corporation entered into a joint venture agreement which inter alia provided that MC, MMC and/or their subsidiary companies would participate to the extent of 15% in the equity share capital of the Company. The joint sector agreement also provides for the nomination of two directors on the board of the Company MMC/MC. 1985 - Eicher and Madhya Pradesh Audyogik Vikas Nigum Ltd. (MPAVM) entered into a Director Equity Subscription Agreement on 27th March, which inter alia provided that MPAVN would participate to the extent of 9.8% in the equity share capital of the Company. The agreement also provided for the following: - (i) MPAVN shall be entitled to appoint a maximum of 2 directors on the Board of the Company at any time during the currency of the agreement; - (ii) Eicher and/or its subsidiaries shall buy back the entire equity held by MPAVN in a phased manner and such buy back of equity shares shall be completed in a period of not more than 7 years from the date of the agreement. - A Technical Assistance Agreement was entered into between Eicher and MMC on 4th October, 1982 as amended on 16th May, 1984 and 20th September, 1984. This agreement was assigned in favour of the Company by Eicher. This agreement was taken on record by Government of India on 23rd May, 1984 and shall be effective from the aforesaid date for a period of ten years, or for a period of 7 years from the commencement of commercial production, whichever is earlier. - Under the agreement MMC has granted to the Company (a) An exclusive licence to manufacture and sell in India its Canter series of vehicles and its variations, as specified and the components and spare parts thereof. - (b) A non-exclusive licence to sell Canter series of vehicles, its variation and parts outside India. - The agreement requires MMC to provide the following: - (a) Technical assistance, drawings, designs, information and services to assemble and manufacture Canter series of vehicles in India, as referred to in the Technial Assistance Agreement. - (b) Deputing MMC's personnel to India. - (c) Training the personnel of the Company at MMC's facilities and Company's Plan with regard to manufacturing, product engineering and after sales service etc. - The agreement also provides that MMC would make available information with regard to all future inventions and improvements relating to the designs and specifications of the Canter series of vehicles of the Company during the period of the Agreement without any additional charge. - In consideration for the above services, the Company will pay to MMC a lumpsum know-how fee of 330 Million Japanese Yen, inclusive of taxes in 4 equal instalments. In addition, it will pay royalty at the rate of 3% of F.O.B. Japanese port prices of local parts corresponding to those manufactured by the Company and used in the manufacture of the products. - The Company undertook to set up a project for the manufacture of Mitsubishi `Canter' series of commercial vehicles with an installed capacity of 6,000 vehicles per annum. - 100 No. of equity shares and 100 preference shares were taken up by Eicher Goodearth, Ltd. 99,99,000 No. of equity shares then issued at par of which the following shares were reserved and allotted: - (i) 27,19,900 shares to Eicher Goodearth, Ltd., - (ii) 6,00,000 shares to friends and - (iii) 10,00,000 shares to Mitsubishi Motors Corporation Japan; - (iv) 5,00,000 shares to Mitsubishi Corporation, Japan and - (v) 9,80,000 shares to MPAVN. - The balance 42,00,000 shares were offered at par for public subscription during August-September 1985 of which the following shares were reserved and allotted on a preferential basis; - (i) 2,90,000 shares to employees and business associates of the Company and - (ii) 10,00,000 shares to non-resident Indians. 1990 - In order to suit the customers' requirement, new applications like container van with double cabin, milk tanker and soft drink carrier were developed. - Three new markets were opened up in East Africa during the year. A new 4 tyre model was launched in select pockets and another model with higher payload was ready for launch. Plans were afoot to indigenise the remaining major parts viz. Cab panels, side members etc. During the year, the Company started an independent `auto finance division' for financing retail vehicles in underdeveloped areas. - The company was gearing up its capacity to 12,000 vehicles per annum to exploit the opportunity in commercial vehicles market. - During the year, a new model was introduced with improved gradeability in select markets. - The assets of the Company together with its inter-connected companies exceeded Rs. 100 crores and consequently effective April, the provision of Section 20(a)(ii) & Section 26 of the MRTP Act became applicable to the Company. The Company was registered as an MRTP undertaking. 1992 - The company has also successfully commissioned a state of the art machining line for machining cylinder head - a critical component of engine. 1993 - During Jan.-Feb. 1994 the Company issued 100,00,000 rights equity shares of Rs. 10 each for cash at par in proportion 1:1 (1300 shares were kept in abeyance). 1995 - 500 No. of equity shares kept in abeyance were issued. - A new 4 Tyre model was launched in select pockets to enlarge our market reach. 1997 - Left Hand Drive (LHD) vehicle primarily for export markets was developed. A new model was introduced during the year with improved gradeability in select markets. - EML has also tied-up with financiers to provide financing options to customers. - Eicher Motors Limited (EML), launched the company's latest LCV - the Eicher 10.70 - in Karnataka. The latest offering from EML has new and improved capabilities, designed to meet the needs of transport sector. - A new model was introduced during the year with improved gradeability in select markets. 1998 - The Company also introduced product variants such as Eicher 10.60 G. 10.90 and an improved 10.90 launched in February. An left hand drive (LHD) light commercial vehicle was also introduced. - The Company recently introduced the skyline schoolbus, which incorporates safety features like a stop sign, retractablef ootsteps, hazard warning lamps. The bus has been designed jointly with institute of road traffic education, a non-governmental organisation. - The company has entered into a technical collaboration agreement with the Finland-based Valtra Inc. for the manufacture of 61 and higher to hp tractors. - Eicher, which had introduced a new 42 hp tractor recently, launched a 50 hp model this year. - Eicher Motors had entered into a technical assistance agreement with Mitsubishi Motor Corporation in 1986 to manufacture the canter range of light commercial vehicles (LCV) at its Pithampur plant. - The Company has introduced several new variants in the market and has also implemented improvements in theexisting products. - The Company has been awarded Certificate of merit for improving the overall productivity in the Automobiles sector by the National Productivity Council of Government of India. 1999 - Eicher has tied up with Volkswagen to enter the passenger car segment. - The company has introduced cellular concept of machining in cylinder block line resulting in higher capacity utilisation by avoiding the cascading effect of line stoppages. 2000 - Eicher Motors forayed into the powerful tractor segment with the launch of a 61 HP tractor designed and developed in collaboration with Valtra Inc. of Finland. - Eicher Motors displayed its 10.5 tonne vehicle, its first in the medium commercial vehicle category. - Mr. Rakesh Kalra has been appointed as Managing Director and Mr. K K Vij has been appointed as an Additional Director on the Board of the Company. 2002 -Mr Rakesh Kalra steps down as the Managing Director of the company. -Launches new 34 seater bus under the name ' Voila' priced at Rs.8.25 lakhs. -Launches India's first indigenously designed and developed Heavy Commercial Vehicle (HCV). 2003 -Introduces its first HCV called 'Eicher Jumbo 20.16' in Karnataka. -Files Expression of Interest in acquiring Punjab State Industrial Development Corporation stake in Punjab Tractors. -Posts a 32% growth in the sales of its CV in the domestic market. -UBI ties up with Eicher and L & T for financing eqipment and farm vehicles -Appointment of Advisors/consultants for reviewing the current business of the company. -Board of Directors approves the following restructuring proposal: 1) The BOD have agreed that the 'Automobile undertaking' of Eicher Ltd comprising business relating to tractors, two wheelers, gears and engines, to be de-merged from Eicher Ltd into the Company. The additional shares to be issued in Eicher Motors Ltd (the Resulting Company) (EML) for the demerged undertaking, shall be issued in the ratio of 2 equity shares of EML for every 5 equity shares of EL, as determined by the valuation reports submitted by Ernst & Young Pvt. Ltd. and N M Raiji & Co., Chartered Accountants and as agreed to by the Board of Directors. 2) The Scheme also envisages the following: a) Amalgamation of Malbros Investments Ltd (Malbros), a wholly owned subsidiary of Eicher Ltd engaged in the business of finance and investment activities, with Eicher Ltd after the demerger is effected. b) Reorganisation of the Share Capital of EL. 3) The Appointed Date for the aforesaid Scheme is April 1, 2003. The aforesaid is subject to requisite approvals 2004 -Arisaig Partners (Asia) Pte. Ltd. acquires Eicher Motors Shares through open market. -SBI partners with Eicher Motors on December 27, 2004 2005 -Eicher Motors enters into definitive agreements with TMTL on May 27, 2005 -Eicher Motors acquires DESIGN, USA -Eicher buys US design company for $2.5m 2006 - Eicher Motors Ltd (EML) on Feb 20, announced Mr Siddhartha Lal as its new Managing Director designate. -Eicher join hands with Wipro to source hydraulic kits 2007 -Eicher Motors Ltd has informed that the Board of Directors of the Company in its meeting held on October 22, 2007 approved appointment of Mr. Rajesh Arora as Company Secretary as well as Compliance Officer of the Company. 2008 - Eicher Motors Ltd has appointed Mr. Prateek Jalan as an Additional Director on the Board of Directors of the Company. 2009 -Indian promoters buy out Mitsubishi's stake in Eicher Motors 2010 -Eicher Motors firms up on strong Dec sales -Volvo is working hard with its partner Eicher Motors in order to develop Asia Truck. -Lalit Malik has been appointed as the Chief Financial Officer of the Company. -The company launched the VE-series of Heavy Duty trucks 2011 -Eicher Motors, a company that manufactures iconic Royal Enfield motorcycles. -Registered Office of the Company has been shifted To 3rd Floor - Select Citywalk, A-3 District Centre, Saket, New Delhi - 110017 2012 - Vinit Kumar has been appointed as Company Secretary and Compliance Officer of the Company. -EicherMotors - Change in Corporate Office(#96, Sector - 32,Gurgaon - 122001(Haryana), India. 2013 -EICHER Unveils The Future Of Indian Trucking With The All New Pro Series -ROYAL Enfield Prepares For Its Next Level Of Global Growth: Commences Commercial Production From The Oragadam Manufacturing Facility -Royal Enfield Prepares For Its Next Level Of Global Growth -Royal Enfield Starts Commercial Production At Oragadam Manufacturing Unit 2014 -ROYAL Enfield Recreates History And Completes Top To Tip Ride In Record Time -Eicher Motors Board Recommends Dividend 2015 -Eicher Motors Ltd has entered into a Business Purchase Agreement , relating to the purchase of the business and assets of Harris Performance Products Limited, UK -Eicher Motors - Royal Enfield acquires UK-based Harris Performance -Eicher Motors - Eicher Polaris Pvt. Ltd. Launches Multix India's First Personal Utility Vehicle -Eicher Motors Ltd - Royal Enfield announces direct distribution subsidiary in North America -Eicher Motors resumes production at Royal Enfield facilities 2016 -Eicher Motors -Royal Enfield introduces Himalayan- the most definitive motorcycle for your Himalayan adventure 2017 -Eicher Motors -Royal Enfield has started commercial production from its new manufacturing facility at Vallam Vadagal near Chennai. -Eicher Motors -Royal Enfield has unveiled its ground-up modern twin motorcycles the Interceptor INT 650 and the Continental GT 650 at the EICMA Motor Show, Milan. 2018 -Eicher Motors - Release Of Information To SIAM With Respect To Sale Volume Of VE Commercial Vehicles. -Eicher gets BS-VI certification for CNG engine from ICAT. - Eicher Motors, which has a 50:50 joint venture with Volvo for trucks and buses (VECV), Monday announced that the JV plans to set up a new greenfield truck manufacturing plant at an investment of Rs 400 crore in Bhopal. -Royal Enfield lines up Rs 800 cr capex for current fiscal. 2019 -Eicher Motors signs MOU with TN. -Eicher Motors Investment of INR 700 crore as capex for FY 2019-20. 2021 -Eicher Motors motorcycle sales grow 13% YoY in June. -Eicher Motors motorcycle unit starts operations in Thailand. 2022 -Eicher Motors motorcycle Royal Enfield celebrates its long-standing association with the Indian Army with a special commemorative sculpture - the `Tornadoes Wall' in Bengaluru. -Eicher Motors motorcycle Royal Enfield ties up with Alpinestars for riding gear. 2024 -Eicher Motors motorcycle Royal Enfield signs MoU With the Government of Tamil Nadu for proposed investment of Rs. 3000 crores for brownfield and greenfield projects in the State.
1982 - The company was incorporated on 14th October, and the certificate of commencement of business was obtained on 28th March, 1983. It was promoted in the joint sector by Eicher Goodearth Ltd., Mitsubishi Corporation, Japan, Mitsubishi Motors Corporation, Japan and Madhya Pradesh Audyogik Vikas Nigam Ltd. The main objective of the company is to manufacture of light commercial vehicles belonging to Mitsubishi `CANTER' series. - Either Goodearth Ltd., Mitsubishi Corporation and Mitsubishi Motors Corporation entered into a joint venture agreement which inter alia provided that MC, MMC and/or their subsidiary companies would participate to the extent of 15% in the equity share capital of the Company. The joint sector agreement also provides for the nomination of two directors on the board of the Company MMC/MC. 1985 - Eicher and Madhya Pradesh Audyogik Vikas Nigum Ltd. (MPAVM) entered into a Director Equity Subscription Agreement on 27th March, which inter alia provided that MPAVN would participate to the extent of 9.8% in the equity share capital of the Company. The agreement also provided for the following: - (i) MPAVN shall be entitled to appoint a maximum of 2 directors on the Board of the Company at any time during the currency of the agreement; - (ii) Eicher and/or its subsidiaries shall buy back the entire equity held by MPAVN in a phased manner and such buy back of equity shares shall be completed in a period of not more than 7 years from the date of the agreement. - A Technical Assistance Agreement was entered into between Eicher and MMC on 4th October, 1982 as amended on 16th May, 1984 and 20th September, 1984. This agreement was assigned in favour of the Company by Eicher. This agreement was taken on record by Government of India on 23rd May, 1984 and shall be effective from the aforesaid date for a period of ten years, or for a period of 7 years from the commencement of commercial production, whichever is earlier. - Under the agreement MMC has granted to the Company (a) An exclusive licence to manufacture and sell in India its Canter series of vehicles and its variations, as specified and the components and spare parts thereof. - (b) A non-exclusive licence to sell Canter series of vehicles, its variation and parts outside India. - The agreement requires MMC to provide the following: - (a) Technical assistance, drawings, designs, information and services to assemble and manufacture Canter series of vehicles in India, as referred to in the Technial Assistance Agreement. - (b) Deputing MMC's personnel to India. - (c) Training the personnel of the Company at MMC's facilities and Company's Plan with regard to manufacturing, product engineering and after sales service etc. - The agreement also provides that MMC would make available information with regard to all future inventions and improvements relating to the designs and specifications of the Canter series of vehicles of the Company during the period of the Agreement without any additional charge. - In consideration for the above services, the Company will pay to MMC a lumpsum know-how fee of 330 Million Japanese Yen, inclusive of taxes in 4 equal instalments. In addition, it will pay royalty at the rate of 3% of F.O.B. Japanese port prices of local parts corresponding to those manufactured by the Company and used in the manufacture of the products. - The Company undertook to set up a project for the manufacture of Mitsubishi `Canter' series of commercial vehicles with an installed capacity of 6,000 vehicles per annum. - 100 No. of equity shares and 100 preference shares were taken up by Eicher Goodearth, Ltd. 99,99,000 No. of equity shares then issued at par of which the following shares were reserved and allotted: - (i) 27,19,900 shares to Eicher Goodearth, Ltd., - (ii) 6,00,000 shares to friends and - (iii) 10,00,000 shares to Mitsubishi Motors Corporation Japan; - (iv) 5,00,000 shares to Mitsubishi Corporation, Japan and - (v) 9,80,000 shares to MPAVN. - The balance 42,00,000 shares were offered at par for public subscription during August-September 1985 of which the following shares were reserved and allotted on a preferential basis; - (i) 2,90,000 shares to employees and business associates of the Company and - (ii) 10,00,000 shares to non-resident Indians. 1990 - In order to suit the customers' requirement, new applications like container van with double cabin, milk tanker and soft drink carrier were developed. - Three new markets were opened up in East Africa during the year. A new 4 tyre model was launched in select pockets and another model with higher payload was ready for launch. Plans were afoot to indigenise the remaining major parts viz. Cab panels, side members etc. During the year, the Company started an independent `auto finance division' for financing retail vehicles in underdeveloped areas. - The company was gearing up its capacity to 12,000 vehicles per annum to exploit the opportunity in commercial vehicles market. - During the year, a new model was introduced with improved gradeability in select markets. - The assets of the Company together with its inter-connected companies exceeded Rs. 100 crores and consequently effective April, the provision of Section 20(a)(ii) & Section 26 of the MRTP Act became applicable to the Company. The Company was registered as an MRTP undertaking. 1992 - The company has also successfully commissioned a state of the art machining line for machining cylinder head - a critical component of engine. 1993 - During Jan.-Feb. 1994 the Company issued 100,00,000 rights equity shares of Rs. 10 each for cash at par in proportion 1:1 (1300 shares were kept in abeyance). 1995 - 500 No. of equity shares kept in abeyance were issued. - A new 4 Tyre model was launched in select pockets to enlarge our market reach. 1997 - Left Hand Drive (LHD) vehicle primarily for export markets was developed. A new model was introduced during the year with improved gradeability in select markets. - EML has also tied-up with financiers to provide financing options to customers. - Eicher Motors Limited (EML), launched the company's latest LCV - the Eicher 10.70 - in Karnataka. The latest offering from EML has new and improved capabilities, designed to meet the needs of transport sector. - A new model was introduced during the year with improved gradeability in select markets. 1998 - The Company also introduced product variants such as Eicher 10.60 G. 10.90 and an improved 10.90 launched in February. An left hand drive (LHD) light commercial vehicle was also introduced. - The Company recently introduced the skyline schoolbus, which incorporates safety features like a stop sign, retractablef ootsteps, hazard warning lamps. The bus has been designed jointly with institute of road traffic education, a non-governmental organisation. - The company has entered into a technical collaboration agreement with the Finland-based Valtra Inc. for the manufacture of 61 and higher to hp tractors. - Eicher, which had introduced a new 42 hp tractor recently, launched a 50 hp model this year. - Eicher Motors had entered into a technical assistance agreement with Mitsubishi Motor Corporation in 1986 to manufacture the canter range of light commercial vehicles (LCV) at its Pithampur plant. - The Company has introduced several new variants in the market and has also implemented improvements in theexisting products. - The Company has been awarded Certificate of merit for improving the overall productivity in the Automobiles sector by the National Productivity Council of Government of India. 1999 - Eicher has tied up with Volkswagen to enter the passenger car segment. - The company has introduced cellular concept of machining in cylinder block line resulting in higher capacity utilisation by avoiding the cascading effect of line stoppages. 2000 - Eicher Motors forayed into the powerful tractor segment with the launch of a 61 HP tractor designed and developed in collaboration with Valtra Inc. of Finland. - Eicher Motors displayed its 10.5 tonne vehicle, its first in the medium commercial vehicle category. - Mr. Rakesh Kalra has been appointed as Managing Director and Mr. K K Vij has been appointed as an Additional Director on the Board of the Company. 2002 -Mr Rakesh Kalra steps down as the Managing Director of the company. -Launches new 34 seater bus under the name ' Voila' priced at Rs.8.25 lakhs. -Launches India's first indigenously designed and developed Heavy Commercial Vehicle (HCV). 2003 -Introduces its first HCV called 'Eicher Jumbo 20.16' in Karnataka. -Files Expression of Interest in acquiring Punjab State Industrial Development Corporation stake in Punjab Tractors. -Posts a 32% growth in the sales of its CV in the domestic market. -UBI ties up with Eicher and L & T for financing eqipment and farm vehicles -Appointment of Advisors/consultants for reviewing the current business of the company. -Board of Directors approves the following restructuring proposal: 1) The BOD have agreed that the 'Automobile undertaking' of Eicher Ltd comprising business relating to tractors, two wheelers, gears and engines, to be de-merged from Eicher Ltd into the Company. The additional shares to be issued in Eicher Motors Ltd (the Resulting Company) (EML) for the demerged undertaking, shall be issued in the ratio of 2 equity shares of EML for every 5 equity shares of EL, as determined by the valuation reports submitted by Ernst & Young Pvt. Ltd. and N M Raiji & Co., Chartered Accountants and as agreed to by the Board of Directors. 2) The Scheme also envisages the following: a) Amalgamation of Malbros Investments Ltd (Malbros), a wholly owned subsidiary of Eicher Ltd engaged in the business of finance and investment activities, with Eicher Ltd after the demerger is effected. b) Reorganisation of the Share Capital of EL. 3) The Appointed Date for the aforesaid Scheme is April 1, 2003. The aforesaid is subject to requisite approvals 2004 -Arisaig Partners (Asia) Pte. Ltd. acquires Eicher Motors Shares through open market. -SBI partners with Eicher Motors on December 27, 2004 2005 -Eicher Motors enters into definitive agreements with TMTL on May 27, 2005 -Eicher Motors acquires DESIGN, USA -Eicher buys US design company for $2.5m 2006 - Eicher Motors Ltd (EML) on Feb 20, announced Mr Siddhartha Lal as its new Managing Director designate. -Eicher join hands with Wipro to source hydraulic kits 2007 -Eicher Motors Ltd has informed that the Board of Directors of the Company in its meeting held on October 22, 2007 approved appointment of Mr. Rajesh Arora as Company Secretary as well as Compliance Officer of the Company. 2008 - Eicher Motors Ltd has appointed Mr. Prateek Jalan as an Additional Director on the Board of Directors of the Company. 2009 -Indian promoters buy out Mitsubishi's stake in Eicher Motors 2010 -Eicher Motors firms up on strong Dec sales -Volvo is working hard with its partner Eicher Motors in order to develop Asia Truck. -Lalit Malik has been appointed as the Chief Financial Officer of the Company. -The company launched the VE-series of Heavy Duty trucks 2011 -Eicher Motors, a company that manufactures iconic Royal Enfield motorcycles. -Registered Office of the Company has been shifted To 3rd Floor - Select Citywalk, A-3 District Centre, Saket, New Delhi - 110017 2012 - Vinit Kumar has been appointed as Company Secretary and Compliance Officer of the Company. -EicherMotors - Change in Corporate Office(#96, Sector - 32,Gurgaon - 122001(Haryana), India. 2013 -EICHER Unveils The Future Of Indian Trucking With The All New Pro Series -ROYAL Enfield Prepares For Its Next Level Of Global Growth: Commences Commercial Production From The Oragadam Manufacturing Facility -Royal Enfield Prepares For Its Next Level Of Global Growth -Royal Enfield Starts Commercial Production At Oragadam Manufacturing Unit 2014 -ROYAL Enfield Recreates History And Completes Top To Tip Ride In Record Time -Eicher Motors Board Recommends Dividend 2015 -Eicher Motors Ltd has entered into a Business Purchase Agreement , relating to the purchase of the business and assets of Harris Performance Products Limited, UK -Eicher Motors - Royal Enfield acquires UK-based Harris Performance -Eicher Motors - Eicher Polaris Pvt. Ltd. Launches Multix India's First Personal Utility Vehicle -Eicher Motors Ltd - Royal Enfield announces direct distribution subsidiary in North America -Eicher Motors resumes production at Royal Enfield facilities 2016 -Eicher Motors -Royal Enfield introduces Himalayan- the most definitive motorcycle for your Himalayan adventure 2017 -Eicher Motors -Royal Enfield has started commercial production from its new manufacturing facility at Vallam Vadagal near Chennai. -Eicher Motors -Royal Enfield has unveiled its ground-up modern twin motorcycles the Interceptor INT 650 and the Continental GT 650 at the EICMA Motor Show, Milan. 2018 -Eicher Motors - Release Of Information To SIAM With Respect To Sale Volume Of VE Commercial Vehicles. -Eicher gets BS-VI certification for CNG engine from ICAT. - Eicher Motors, which has a 50:50 joint venture with Volvo for trucks and buses (VECV), Monday announced that the JV plans to set up a new greenfield truck manufacturing plant at an investment of Rs 400 crore in Bhopal. -Royal Enfield lines up Rs 800 cr capex for current fiscal. 2019 -Eicher Motors signs MOU with TN. -Eicher Motors Investment of INR 700 crore as capex for FY 2019-20. 2021 -Eicher Motors motorcycle sales grow 13% YoY in June. -Eicher Motors motorcycle unit starts operations in Thailand. 2022 -Eicher Motors motorcycle Royal Enfield celebrates its long-standing association with the Indian Army with a special commemorative sculpture - the `Tornadoes Wall' in Bengaluru. -Eicher Motors motorcycle Royal Enfield ties up with Alpinestars for riding gear. 2024 -Eicher Motors motorcycle Royal Enfield signs MoU With the Government of Tamil Nadu for proposed investment of Rs. 3000 crores for brownfield and greenfield projects in the State.
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Parent Organisation
Eicher Motors Ltd.
Founded
14/10/1982
Managing Director
Mr.Govindarajan Balakrishnan
NSE Symbol
EICHERMOTEQ
FAQ
The current price of Eicher Motors Ltd is ₹ 5515.00.
The 52-week high for Eicher Motors Ltd is ₹ 5597.00 and the 52-week low is ₹ 5440.50.
The market capitalization of Eicher Motors Ltd is currently ₹ 151198.82. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.
To buy Eicher Motors Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.
To invest in Eicher Motors Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Eicher Motors Ltd shares.
The CEO of Eicher Motors Ltd is Mr.Govindarajan Balakrishnan, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.