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Eicher Motors Ltd

Tue 6/05/2025,15:59:36 | NSE : EICHERMOT

₹ 5515.0054.50 (1.00%)

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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?

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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

9

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Bid Total

9

Bid Price

Qty

0.00

0

0.00

0

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0

0.00

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Bid Total

0

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News

Media spotlight triggers eicher motors ltd stock attention, sentiment.

  • Eicher Motors - Copy of Newspaper Publication

    3 May 2025, 2:11PM Eicher Motors Limited has informed the Exchange about Copy of Newspaper Publication
  • Eicher Motors - General Updates

    2 May 2025, 7:01PM Eicher Motors Limited has informed the Exchange about Approval of appointment of directors by Postal Ballot
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Change in Directorate

    2 May 2025, 6:58PM Approval of appointment of Directors by Postal Ballot
  • Eicher Motors - Shareholders meeting

    2 May 2025, 6:46PM Eicher Motors Limited has submitted the Exchange results of Postal Ballot (e-voting) along with Scrutinizer''s Report
  • Eicher Motors - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    2 May 2025, 6:38PM Please find enclosed herewith Declaration of the results of Postal Ballot (e-voting) along with Scrutinizer's Report
  • Eicher Motors - Monthly Business Updates

    1 May 2025, 4:01PM Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of April 2025
  • Eicher Motors - Monthly Business Updates

    1 May 2025, 12:11PM Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of April 2025 of VE Commercial Vehicles Limited, an u
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 May 2025, 3:58PM Monthly Sales Volume
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 May 2025, 11:48AM Monthly business update for the month April 2025 of VE Commercial Vehicles Limited, an unlisted subsidiary of Eicher Motors Limited.
  • Eicher Motors - Press Release

    26 Apr 2025, 4:39PM Eicher Motors Limited has informed the Exchange regarding a press release dated April 26, 2025, titled ""ROYAL ENFIELD S 2025 HUNTER 350 LAUNCHED"".
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    26 Apr 2025, 4:36PM Royal Enfield's 2025 Hunter 350 launched
  • Eicher Motors - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

    24 Apr 2025, 7:32PM <b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border='1px'><tr> <td><b>Sr. No.</b></td
  • Eicher Motors has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    18 Apr 2025, 8:10PM As of March 2025, 49.08% is owned by Promoters and 50.92% by Public. <p align=justify> Among Promoters holding, Indian Promoters holds 46.88% and Fore
  • Eicher Motors - Press Release

    17 Apr 2025, 2:50PM Eicher Motors Limited has informed the Exchange regarding a press release dated April 17, 2025, titled ""ROYAL ENFIELD LAUNCHES THE ALL NEW CLASSIC 35
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    17 Apr 2025, 2:46PM Royal Enfield Launches the all New Classic 350 in Nepal
  • Eicher Motors - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    15 Apr 2025, 12:50PM Eicher Motors Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Eicher Motors - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    15 Apr 2025, 11:40AM Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018
  • Eicher Motors - Copy of Newspaper Publication

    2 Apr 2025, 3:17PM Eicher Motors Limited has informed the Exchange about Copy of Newspaper Publication
  • Eicher Motors - Notice Of Shareholders Meetings-XBRL

    1 Apr 2025, 5:21PM EICHER MOTORS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot
  • Eicher Motors - Monthly Business Updates

    1 Apr 2025, 1:40PM Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of March 2025 of VE Commercial Vehicles Limited, an u
  • Eicher Motors - Shareholders meeting

    1 Apr 2025, 1:22PM Eicher Motors Limited has informed the Exchange regarding Notice of Postal Ballot
  • Eicher Motors - Press Release

    1 Apr 2025, 9:06AM Eicher Motors Limited has informed the Exchange regarding a press release dated April 01, 2025, titled ""Please find attached copy of the press releas
  • Eicher Motors - Monthly Business Updates

    1 Apr 2025, 8:51AM Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of March 2025
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 Apr 2025, 1:28PM Monthly Business Updates for the month of March 2025 of VE Commercial Vehicles, an unlisted material subsidiary of Eicher Motors Limited.
  • Eicher Motors - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    1 Apr 2025, 1:17PM Notice of Postal Ballot
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    1 Apr 2025, 9:04AM Press Release
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 Apr 2025, 8:47AM Sales Volume for March, 2025
  • Eicher Motors - Press Release

    27 Mar 2025, 12:08PM Eicher Motors Limited has informed the Exchange regarding a press release dated March 27, 2025, titled ""THE ALL NEW CLASSIC 650: TIMELESS ELEGANCE IN
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    27 Mar 2025, 12:05PM The all new Classic 650: Timeless Elegance in a New Avatar
  • Eicher Motors - Trading Window-XBRL

    25 Mar 2025, 7:12PM EICHER MOTORS LIMITED has informed the Exchange about Closure of Trading Window
  • Eicher Motors - Trading Window-XBRL

    25 Mar 2025, 7:11PM EICHER MOTORS LIMITED has informed the Exchange about Closure of Trading Window
  • Eicher Motors - Trading Window

    25 Mar 2025, 7:06PM Eicher Motors Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 20
  • Eicher Motors - Alteration Of Capital and Fund Raising-XBRL

    21 Mar 2025, 11:32AM EICHER MOTORS LIMITED has informed the Exchange regarding Allotment of Securities
  • Eicher Motors - Allotment of Securities

    20 Mar 2025, 7:08PM Eicher Motors Limited has informed the Exchange regarding allotment of 13720 securities pursuant to ESOP/ESPS at its meeting held on March 20, 2025
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Allotment

    20 Mar 2025, 7:03PM Allotment of equity shares
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    12 Mar 2025, 6:26PM Schedule of Conference calls
  • Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Mar 2025, 6:07PM Eicher Motors Limited has informed the Exchange about Schedule of meet
  • Eicher Motors - General Updates

    11 Mar 2025, 3:02PM Eicher Motors Limited has informed the Exchange about Newspaper Publication
  • Eicher Motors - Monthly Business Updates

    1 Mar 2025, 2:30PM Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of February 2025
  • Eicher Motors - Monthly Business Updates

    1 Mar 2025, 12:51PM Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of February 2025 of VE Commercial Vehicles Limited, a
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 Mar 2025, 2:26PM Monthly sales volume
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 Mar 2025, 12:38PM Monthly business update for the month February 2025 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited.
  • Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates

    27 Feb 2025, 6:07PM Eicher Motors Limited has informed the Exchange about Schedule of meet
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    27 Feb 2025, 6:05PM Schedule of Conference Calls
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    17 Feb 2025, 7:00PM Schedule of Conference Calls
  • Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates

    17 Feb 2025, 6:59PM Eicher Motors Limited has informed the Exchange about Schedule of meet
  • Eicher Motors - Intimation Of Grant Of Options Under ESOP, 2006 & RSU Plan 2019 Of The Company

    17 Feb 2025, 6:52PM Intimation of grant of options under ESOP, 2006 & RSU Plan 2019 of the Company
  • Eicher Motors - Updates

    17 Feb 2025, 6:50PM Eicher Motors Limited has informed the Exchange regarding 'Intimation of grant of options under ESOP, 2006 & RSU Plan 2019 of the Company'.
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    15 Feb 2025, 12:24PM Earnings Call Transcript
  • Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates

    15 Feb 2025, 12:24PM Eicher Motors Limited has informed the Exchange about Transcript
  • Eicher Motors - Action(s) taken or orders passed

    14 Feb 2025, 6:54PM Eicher Motors Limited has informed the Exchange about Action(s) taken or orders passed
  • Eicher Motors - VAT Demand Order

    14 Feb 2025, 6:47PM VAT demand order
  • Eicher Motors - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    11 Feb 2025, 3:20PM EICHER MOTORS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • Eicher Motors - Integrated Filing- Financial

    11 Feb 2025, 2:47PM Integrated Filing Financial
  • Eicher Motors - Alteration Of Capital and Fund Raising-XBRL

    11 Feb 2025, 12:45PM EICHER MOTORS LIMITED has informed the Exchange regarding Allotment of Securities
  • Eicher Motors - Integrated Filing (Financial)

    11 Feb 2025, 2:44PM Integrated Filing (Financial)
  • Eicher Motors - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Feb 2025, 11:08PM Eicher Motors Limited has informed the Exchange about Link of Recording
  • Eicher Motors - Audio Recording Of Group Conference Call

    10 Feb 2025, 11:05PM Audio recording of group conference call
  • Eicher Motors - Outcome of Board Meeting

    10 Feb 2025, 7:46PM Eicher Motors Limited has informed the Exchange regarding Board meeting held on February 10, 2025.
  • Eicher Motors - Details Of KMP

    10 Feb 2025, 7:35PM Details of KMP
  • Eicher Motors - General Updates

    10 Feb 2025, 7:34PM Eicher Motors Limited has informed the Exchange about Details of Key Managerial Personnel (KMP) of the Company who are also severally authorised to de
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Change in Directorate

    10 Feb 2025, 7:27PM Change in Directors
  • Eicher Motors - Change in Director(s)

    10 Feb 2025, 7:24PM Eicher Motors Limited has informed the Exchange regarding Change in Director(s) of the company.
  • Eicher Motors - Appointment

    10 Feb 2025, 7:24PM Eicher Motors Limited has informed the Exchange regarding Appointment of Arun Vasu as Non- Executive Independent Director of the company w.e.f. Febr
  • Eicher Motors - General Updates

    10 Feb 2025, 6:57PM Eicher Motors Limited has informed the Exchange about Change in Registered Office Address
  • Eicher Motors - General Updates

    10 Feb 2025, 6:46PM Eicher Motors Limited has informed the Exchange about Change in Registered Office Address
  • Eicher Motors - Change In Registered Office Address

    10 Feb 2025, 6:43PM Change in Registered office address
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Allotment

    10 Feb 2025, 6:41PM Allotment of equity shares
  • Eicher Motors - General Updates

    10 Feb 2025, 6:37PM Eicher Motors Limited has informed the Exchange about change in Registered Office Address
  • Eicher Motors - Allotment of Securities

    10 Feb 2025, 6:17PM Eicher Motors Limited has informed the Exchange regarding allotment of 17900 securities pursuant to ESOP/ESPS at its meeting held on February 10, 2025
  • Eicher Motors - General Updates

    10 Feb 2025, 5:52PM Eicher Motors Limited has informed the Exchange about Opening of Trading Window
  • Eicher Motors - Investor Presentation

    10 Feb 2025, 5:32PM Eicher Motors Limited has informed the Exchange about Investor Presentation
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Investor Presentation

    10 Feb 2025, 5:32PM Investor Presentation
  • Eicher Motors - Press Release

    10 Feb 2025, 5:27PM Eicher Motors Limited has informed the Exchange regarding a press release dated February 10, 2025, titled ""EICHER MOTORS LIMITED ANNOUNCES BOARD CHAN
  • Eicher Motors - Press Release

    10 Feb 2025, 5:23PM Eicher Motors Limited has informed the Exchange regarding a press release dated February 10, 2025, titled ""EICHER MOTORS LTD ANNOUNCES FINANCIAL RESU
  • Eicher Motors - Financial Result Updates

    10 Feb 2025, 5:18PM Eicher Motors Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Eicher Motors Q3 net profit up 15.60% at Rs 1056.23 cr

    10 Feb 2025, 5:40PM The company reported standalone net profit of Rs 1,056.23 crore for the quarter ended December 31, 2024 as compared to Rs 913.73 crore in the same per
  • Eicher Motors - Results - Financial Results For The Third Quarter And Period Ended December 31, 2024

    10 Feb 2025, 5:39PM Financial results for the third quarter and period ended December 31, 2024
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    10 Feb 2025, 5:26PM Press Release
  • Eicher Motors - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    10 Feb 2025, 5:22PM Press Release
  • Eicher Motors - Board Meeting Outcome for Unaudited Standalone & Consolidated Financial Results And Limited Review Reports Of

    10 Feb 2025, 5:20PM Unaudited standalone & consolidated financial results and Limited Review Reports of the\r\nStatutory Auditors for the third quarter and period ended D
  • Eicher Motors

    28 Apr 2025 , 11:07AM Eicher Motors: Company launches 2025 Hunter 350, with price range of Rs 1,49,900 to Rs 1,81,750.
  • Eicher Motors

    3 Mar 2025 , 9:53AM Eicher Motors: Company’s motorcycle sales in February of 90,670 units was up 19% y-o-y. Positive
  • Eicher Motors

    3 Feb 2025 , 8:56AM Total motorcycle sales up 20% in January at 91,132 units, against an estimate of 87,000 units, while international business sales grew 79% at 10,080 units against the year ago. Positive
  • Eicher Motors

    1 Jan 2025 , 1:56PM Eicher Motors : VECV : Volumes – Dec 2024 :marginally above estimates : Total sales increased by 3.7% y-o-y and 49.3% m-o-m to 8,324 units (against estimate of 7900 units).
  • Eicher Motors

    4 Dec 2024 , 3:03PM Royal Enfield has commenced the operations of its new CKD(Completely Knocked down) assembly facility in Thailand. The new assembly plant will also house Royal Enfield’s first ever dedicated Power Train - experiential training center in the Asia Pacific region for dealers and plant employees
  • Eicher Motors

    22 Oct 2024 , 11:03AM Royal Enfield has commenced the operations at its manufacturing unit with annual capacity of 30,000 units in Bangladesh. Along with that it has also opened up a showroom in association with IFAD Motors. This would be Royal Enfield's sixth assembly unit outside India - after Nepal, Brazil, Thailand, Colombia, and Argentina.
  • Eicher Motors

    3 Oct 2024 , 10:09AM Slightly better than estimates: Royal Enfield’s (RE) sales has increased by 10.7% y-o-y and 18.1% m-o-m to 86,978 units (against estimate of 84,000 units) in Sep 2024.
  • Stock update : Eicher Motors

    9 Aug 2024 , 12:24PM Stock update : Eicher Motors : Q1FY25 result : Inline operating performance
  • Eicher Motors

    18 Jul 2024 , 9:50AM Royal Enfield has launched GUERRILLA 450 ( GRR 450) in roadsters segment with price tag at Rs 239,000 In India. Bookings for GRR 450 has been commenced across India, UK and European countries and deliveries will start in August 2024. Directionally positive.
  • Eicher Motors

    1 Jul 2024 , 3:26PM VECV : Volumes June 2024 : above estimates : Total volumes increased by 10.6% y-o-y and 7.6% m-o-m to 7424 units (against estimate of 6600 units).
  • Eicher Motors

    28 Jun 2024 , 11:54AM VECV has entered into a Joint venture agreement with iTriangle Infotech Private Limited to jointly carry on the business of location intelligence solutions, fleet management solutions, commercial vehicles related operations, advisory services, connected solutions and other related businesses.
  • Eicher Motors

    16 May 2024 , 11:57AM Eicher Motors' subsidiary VECV and iTriangle Infotech have established a joint venture, with VECV owning 51% and iTriangle holding 49% of the shares. This venture will concentrate on location intelligence, fleet management, and related services for VECV. The initial investment of Rs 50 lakh, with VECV contributing up to Rs 25.5 lakh.
  • Eicher Motors

    1 Apr 2024 , 3:25PM Eicher Motors ( Royal Enfield) : Volumes March 2024 – below estimates : Total sales increased by 4.6% y-o-y and declined by 0.5% m-o-m to 75,551 units (against estimate of 81452 units).
  • Eicher Motors

    1 Apr 2024 , 3:23PM Volumes March 2024 : above estimates : Total volumes declined by 5.6% y-o-y and increased by 51.4% m-o-m to 11,242 units (against estimate of 7,900 units).
  • Eicher Motors

    26 Mar 2024 , 11:21AM The company incorporated its wholly owned subsidiary in the Netherlands, named Royal Enfield Europe BV.
  • Eicher Motors

    1 Mar 2024 , 10:40AM Volumes February 2024 : slightly above estimates : Total sales increased by 6.1% y-o-y and declined by 0.3% m-o-m to 75,935 units (against estimates of 73,300 units).
  • Stock update: Eicher Motors Q3FY24 result update

    14 Feb 2024 , 11:17AM Stock update: Eicher Motors Q3FY24 result update : In line Q3, rising enquiries for RE
  • Eicher Motors (Royal Enfield)

    2 Feb 2024 , 10:24AM Volumes Jan 2024 : above estimate : Royal Enfield has reported 1.9% y-o-y and 20.2% m-o-m increase in volumes to 76,187 units (against estimate of 69,400 units).
  • Eicher Motors

    9 Jan 2024 , 12:38PM TVSM has signed a MoU with Tamilnadu government for an investment b Rs 3000 crore over a period of 8 years.
  • Royal Enfield signs MoU With the Government of Tamil Nadu

    9 Jan 2024 , 10:08AM RoyalEnfield to invest Rs 3,000 cr for brownfield & greenfield projects in Tamil Nadu
  • Eicher Motors

    1 Jan 2024 , 1:33PM Volumes Dec 2023 : above estimates : VECV reported 11.1% y-o-y and 54.5% m-o-m increase in volumes to 8,026 units (against estimate of 6,000 units).
  • Eicher Motors

    1 Dec 2023 , 2:09PM Eicher Motors ( VECV) : Volumes Nov 2023 : below estimates : VECV reported 5.9% y-o-y increase and 30.6% m-o-m decline in volumes to 5,194 units (against estimate of 6,300 units).
  • Eicher Motors

    28 Nov 2023 , 10:02AM Royal Enfield has launched Himalayan 450 with an introductory price of Rs 269,000 to Rs 284,000 in India (till 31st Dec 2023) and will be priced at £5,750 in the UK and €5900 across Europe (Spain, France, Germany, and Italy). Similarly, it has also introduced Shotgun 650 , which would be launched in 2024. Directionally positive, in line with expectations.
  • Stock Update : Eicher Motors

    21 Nov 2023 , 11:39AM Stock Update : Eicher Motors Unmatched Premium Bike Leadership
  • Eicher Motors

    2 Nov 2023 , 10:27AM Eicher Motors (Royal Enfield ) - close to estimates
  • Eicher Motors

    17 Oct 2023 , 10:37AM In partnership with OTO capital Royal Enfield has introduced a buyback plan under which Royal Enfield will offer a guaranty to buyback vehicle after a pre decided period at up to 77% of the value of the product.
  • Eicher Motors

    1 Sep 2023 , 12:29PM Royal Enfield To Launch Bullet 350 . Management expects Premium bike sales could double in 5 years as sales are rising at twice pace of entry-level models.
  • Eicher Motors

    1 Aug 2023 , 1:53PM Eicher Motors (VECV) : July 2023 volumes – below estimates : VECV registered 1.8% yoy and 12.5% mom decline in volumes to 5,877 units(against estimates of 6,600 units).
  • Eicher Motors

    17 Jul 2023 , 11:13AM RBI has accepted Eicher's request for compounding on breach of FEMA regulation for not disclosing a name of a NRI employee in ESOP form submitted to RBI in Oct 2016. Further RBI has directed Eicher to submit Rs 385,000 for compounding in the case of breach of FEMA regulation.
  • Eicher Motors

    16 Jun 2023 , 10:22AM VECV has signed a MOU with Bhel for a joint project for development of cylinders – Hydrogen/ CNG in CVs. (directionally positive)
  • Eicher Motors

    2 May 2023 , 9:08AM Volumes – April 2023 – Mixed bag : While Royal Enfield reported volumes slightly above estimates, VECV reported volumes slightly below estimates. Royal Enfield reported 17.7% yoy and 1.2% mom increase in volumes to 73,136 units (against estimate of 71,000 units). Domestic volumes increased by 25.5% yoy and 3.2% mom, while export volumes declined by 48.8% yoy and 65.5% mom. VECV reported 18.9% yoy increase and 44.8% mom decline in volumes to 6,567( against estimate of 6,900 units) (positive read through)
  • Eicher Motors

    17 Mar 2023 , 12:25PM Royal Enfield has unveiled the upgrades of 650 twins .The upgraded version of interceptor 650 would be available at Rs 3.03 lakh and Continental 650 would be available at Rs 3.19 lakh
  • Eicher Motors

    1 Mar 2023 , 3:16PM Feb 2023 volumes : Slightly above estimates : VECV reported 24.5% yoy and 1.5% mom increase in volumes to 7,289 units (against estimate of 7000 units).
  • Eicher Motors

    17 Jan 2023 , 11:17AM Royal Enfield has launched Super Meteor 650 with a price tag of Rs 3.49 lakh to Rs 3.79 lakh. The success of Super Meteor 650 cc would improve overall product mix and hence profitability of the company, given post successful launch of Hunter the product mix has sharply shifted towards 350 cc segment. Positive read thru
  • Eicher Motors

    16 Jan 2023 , 10:11AM Today Royal Enfield would launch Super Meteor 650 cc in India. Super Meteor 650 cc has already been unveiled in Milan in October 2022. This new product is expected to help Royal Enfield in improving its product mix as currently volumes are largely driven by 350 cc product. Positive
  • Eicher Motors

    30 Dec 2022 , 11:49AM The company is likely to make an strategic investment in a European electric motorcycle manufacturer, Stark Future, for a 10.35% stake at a cash consideration of Euros 50 million (~Rs440 crore). The company has valued Stark Future’s equity at Euros 483 million.
  • Eicher Motors to buy 10.35% stake in Stark Future for €50 million

    30 Dec 2022 , 9:40AM Eicher Motors approves an investment of € 50 million for a close to 10.35% equity stake in Stark Future
  • Eicher Motors

    8 Dec 2022 , 9:40AM Royal Enfield has commenced operations of its new CKD assembly facility in Brazil. The new facility is located in Manaus, capital of Amazonas state, and is the fourth international Royal Enfield CKD assembly unit after Thailand, Colombia and Argentina. With an assembly capacity of more than 15,000 units per annum, the facility will engage in local assembly of the entire line-up of Royal Enfield motorcycles, including the new Classic 350, the Meteor 350, the Himalayan, and the 650 twin motorcycles, Continental GT and the Interceptor. Positive read thru
  • Eicher Motors’ sales beat estimates, Hero lags

    2 Sep 2022 , 10:54AM Eicher has received encouraging bookings for Hunter 350 and expects incremental volumes with this launch
  • Eicher Motors

    8 Aug 2022 , 9:54AM Royal Enfield has launched Hunter 350 at an attractive price point of Rs1.5 –Rs1.7 lakh. The engine is powered by J-series engine which currently powers Classic Reborn and Meteor 350 bikes. Positive
  • Eicher Motors

    1 Jun 2022 , 2:05PM Eicher motors’ CV segment registered 360% y-o-y growth in May 2022, led by stronger growth in buses segment. The growth continued across segments such as LMD (up 546% y-o-y), HD (up 348% y-o-y), LMD bus (up 33x) and HD Bus (up 8.5x). The exports were down 9.2% y-o-y. It should be noted that the last year dispatched were significantly impacted by COVID induced lockdowns. Positive
  • Eicher Motors makes good movement

    29 Mar 2022 , 12:07PM Eicher Motors makes sharp movement in positive market
  • Eicher Motors

    2 Feb 2022 , 12:40PM Royal Enfield has reported wholesales of 58,838 units in January 2022, which is a decline of 14.6% y-o-y. The numbers were below expectations.
  • Eicher Motors

    17 Nov 2021 , 9:39AM Eicher Motors (EML) has marked its debut on the Dow Jones Sustainability Indices (DJSI)- Emerging Markets category, as one among only ten global automotive companies to feature on the elite list for 2021. With more than 100% year-on-year improvement in its score, EML is ranked at an overall 8th position in the list of sustainability leaders in emerging markets. Positive
  • Eicher Motors’ shareholders approve MD re-appointment

    26 Oct 2021 , 12:51PM Siddhartha Lal to be MD for five years starting May 1, 2021
  • Eicher Motors

    20 Sep 2021 , 10:24AM As per media, Royal Enfield may see a fresh round of exits at the top management levels. Lalit Malik, chief commercial officer and longstanding confidante of Siddhartha Lal, has put in his papers. Shubranshu Singh, global head of marketing who successfully launched key models of the Interceptor, Thunderbird X, Meteor and the all-new Classic motorcycles, is also serving notice to take up a bigger role outside Also, Royal Enfield has disengaged around 90-100 employees as a part of normal annual performance evaluation process.
  • Eicher Motors

    1 Sep 2021 , 9:38AM Royal Enfield will launch New-gen Classic 350 today. The price of the bike is expected to be ~Rs1.8 lakh. It’s a much awaited launch and would help increase sales for the company. Positive
  • Eicher Motors

    1 Jun 2021 , 1:36PM Eicher Motors reported overall CV sales of 1,223 units in May’21. The sales in May is 43% m-o-m decline. The CV sales were in-line with expectations.
  • Eicher Motors reports overall CV sales of 1,223 units in May'21

    1 Jun 2021 , 1:26PM Eicher Motors total CV sales come in 78.3% higher at 1,223 units YoY
  • Eicher Motors: Q4FY21 results

    28 May 2021 , 10:43AM Eicher Motors: Q4FY21 results and conference call highlights
  • Eicher Motors

    14 May 2021 , 11:02AM Royal Enfield is likely to temporarily halt production at its manufacturing facilities in Chennai for four days over rising Covid-19 cases. The company’s manufacturing operations across Thiruvottiyur, Oragadam & Vallam Vadagal to remain shut between May 13-16. It will undertake maintenance activity at production facilities. The company does not foresee any significant impact on its ability to cater to the demand.
  • Eicher Motors

    1 Apr 2021 , 2:16PM Eicher Motors reported strong 362.5% y-o-y and 27% m-o-m growth at 6,933 units in March 2021 for CV segment. The m-o-m growth in CV segment was driven by 31.7% growth in LMD trucks, 27.6% growth MD trucks and 6% growth in buses.
  • Eicher Motors

    23 Feb 2021 , 9:12AM The rating agency ICRA has reaffirmed its AAA rating and stable business outlook for Eicher Motors, market leadership (>95% share) in the premium middle-weight motorcycle segment (>250cc-800cc) in India, its established Royal Enfield (RE) brand, strong product portfolio and well-developed dealership and aftersales network. Positive read thru
  • Eicher Motors:Q3FY21 results

    11 Feb 2021 , 10:21AM Eicher Motors:Q3FY21 results slightly below estimates marred by high input costs
  • Eicher Motors

    2 Feb 2021 , 9:37AM The two-wheeler sales of the company reported 8.4% y-o-y growth at 68,887 units in January’20. Positive
  • Eicher Motors

    1 Feb 2021 , 3:42PM Eicher Motors reported strong 26% y-o-y growth at 5,253 units in January’20 for its trucks segment. However, the bus segment continues to witness sluggish demand, reporting 78% decline y-o-y in January’20. Overall sales in the CV segment was reported moderate 2.3% y-o-y growth at 5,673 units.
  • Eicher Motors

    14 Jan 2021 , 9:40AM Eicher Motors: On media, the management of Eicher Motors discussed about the growth prospective its two-wheeler business.
  • Eicher Motors

    7 Dec 2020 , 10:24AM VE Commercial Vehicles (VECV) has commenced operations at its new manufacturing unit at Bagroda, Bhopal. In the first phase the plant will have capacity of manufacturing 40,000 trucks. Positive read through
  • Eicher Motors

    2 Dec 2020 , 10:51AM Eicher Motors: Royal Enfield is readying itself for mid-term plan RE 2.0, which would be focused on expanding product portfolio, geographical reach and non-motorcycle revenue. Positive read thru
  • Eicher Motors

    20 Nov 2020 , 9:49AM Eicher Motors (VECV): Volvo heavy trucks has stated that September-December 2020 sales will be better yoy as order book for big trucks (used in coal mines) and construction equipment is good. The demand for commercial vehicles (goods carriers) is also picking up. Positive read thru.
  • Eicher Motors management meet highlights

    13 Nov 2020 , 11:13AM Eicher Motors management meet highlights: Results marginally better than estimates; demand improving
  • Eicher Motors (Royal Enfield)

    9 Nov 2020 , 11:39AM 2W segment Royal Enfield launched all-new cruiser “Meteor 350” at Rs 1.76 lakh; Royal Enfield plans to bring 1 new bike every quarter, at least 28 models in next 7 years; positive read thru
  • Eicher Motors

    22 Oct 2020 , 4:00PM Eicher Motors (Royal Enfield): As per media news, 2W segment (Royal Enfield) is likely to launch new "Meteor" 350 cc motorcycle on November 6, 2020. The motorcycle was supposed to be launched before the commencement of festive season but had been delayed. The company will now launch the bike on November 6.
  • Eicher Motors

    21 Oct 2020 , 3:41PM Eicher Motors (Royal Enfield): As per media sources, a fire broke out at Royal Enfield transit stockyard. The stockyard had about 100-150 motorcycles. Quantum of damage is not yet known.
  • Eicher Motors

    15 Oct 2020 , 11:51AM Eicher Motors: 2W segment Royal Enfield working on flagship 650cc cruiser named Thunderbird 650; however no launch timeline has been announced
  • Eicher Motors

    8 Oct 2020 , 11:20AM As per media news, 2W segment Royal Enfield delays new motorcycle Meteor launch beyond festive season of Diwali; delay in new launches as well as inability to ramp up production to impact sales in near term; negative read thru
  • Eicher Motors

    8 Oct 2020 , 10:28AM As per media news, 2W segment Royal Enfield delays new motorcycle Meteor launch beyond festive season of Diwali; delay in new launches as well as inability to ramp up production to impact sales in near term; negative read thru
  • Eicher Motors

    5 Oct 2020 , 11:45AM CV segment sales drop narrowed to 7% yoy to 3,506 units and were better than our estimates of 3,000 units. Opening up of economy under Government Unlock measures have lead to recovery in CV volumes. 2W segment (Royal Enfield) sales recovered to flattish growth (due to improved consumer sentiments) in September at 60,041 units and were in line with our estimates of 60,000 units.
  • Eicher Motors

    30 Sep 2020 , 3:17PM Rival Honda India launches Highness CB 350 motorcycle to take on Eicher (Royal Enfield); to increase competition in the space; negative
  • Eicher Motors

    25 Sep 2020 , 11:23AM Rival Premium motorcycle manufacturer Harley Davidson exit from Indian market could benefit Eicher 2W segment (Royal Enfield) at the top end of its product line up Interceptor and Continental GT in 650 cc space. Harley Davidson sold about 1,500 units in FY2020 in Indian market and had motorcycle range starting from 750 cc space. Positive
  • Eicher Motors

    18 Sep 2020 , 10:02AM As per media news, 2W segment Royal Enfield has raised product prices by Rs 1,800 to Rs 2,800 across its product range. Price hike is to the tune of 0.7% to 2.2% and is the second price hike in this fiscal. Price hikes is to offset increase in input costs. Positive read thru.
  • Eicher Motors

    17 Sep 2020 , 9:58AM As per media news, 2W segment Royal Enfield hikes prices of Interceptor and Continental GT- 650cc motorcycles by Rs 1,837 (about 0.7% hike). The price hike is likely to offset increase in input costs. Positive.
  • Eicher Motors

    10 Sep 2020 , 10:49AM 2W segment Royal Enfield to set up bike assembly plant in Argentina to effectively tap demand in Latin American markets, first assembly plant overseas; positive
  • Ashok Leyland, Eicher Motors, Tata Motors

    31 Aug 2020 , 12:28PM As per Ashok Leyland management, commercial vehicle industry is bottoming out. August 2020 sales should be better than July 2020.While Q1, Q2 would see decline of around 30-35%, it is positive on Q4FY21 performance. As per the management, tipper demand is going up due to pick up in infrastructure sector while cement and steel sectors should also see a pick up. Ashok Leyland further stated that there has been substantial improvement in supplies and most supply side constraints have been ironed out. Commentary on demand improvement is positive for CV players such as Ashok Leyland, Tata Motors and Eicher Motors.
  • Eicher Motors

    24 Aug 2020 , 12:02PM Eicher Motors: Today is the ex-Date for Share Split from face value of Rs 10 to Rs 1 per share.
  • Eicher Motors

    13 Aug 2020 , 1:53PM Commercial vehicles arm VECV would acquire Volvo Group India's bus business (VBI) for Rs 100.5 cr on slump sale basis. Post the completion of the transaction, VECV and VBI will consolidate their bus businesses into a newly formed bus division within VECV. As per the company, This division will offer Volvo and Eicher branded buses, and will maximize synergies to capitalize on market opportunities. This strategy will be extended to exports, wherein the new bus division will offer products and services that are complementary with Volvo Buses’ core product portfolio in select international markets. As of FY20, the Volvo bus business had revenues of Rs 276 cr. The transaction is unlikely to have material impact on the company given small size of acquisition.
  • Eicher group company buys Volvo Bus India for Rs. 100 crore

    13 Aug 2020 , 1:46PM Eicher Motors' arm VECV to acquire Volvo Group India's bus business
  • Eicher Motors up as shareholders approve stock split

    12 Aug 2020 , 12:31PM Eicher Motors rises over 2% to Rs. 21,899.55 as board approves stock split
  • Eicher Motors

    12 Aug 2020 , 11:48AM Shareholders have approved splitting up of equity shares. 1 equity share of Rs 10 face value each would be split into 10 equity shares of Re 1 face value each. The expected time of the split is 2-3 months from August 11. Paid-up share capital of the company will rise to 27.3 crore shares from 2.73 crore shares.
  • Eicher Motors

    3 Aug 2020 , 12:39PM 2W sales recover to 75% of normal; CV recovery slow at 55% of normal; overall nos marginally below estimates
  • Eicher Motors

    3 Aug 2020 , 12:38PM 2W sales recover to 75% of normal; CV recovery slow at 55% of normal; overall nos marginally below estimates
  • Eicher Motors

    23 Jul 2020 , 11:07AM Eicher Motors: VECV upgrades entire range of commercial vehicles with connected technology
  • Eicher Motors

    16 Jul 2020 , 12:50PM Eicher Motors CV division has stated that the company is operating at low capacity utilisation of 25-30% owing to weak demand scenario. The company stated that demand is seen in only niche segments such as construction and E-Commerce. Street is largely factoring weak CV demand in the near term and CV (amongst automotive segments) would take longer time to recover.
  • Eicher Motors

    8 Jul 2020 , 11:59AM Eicher Motors 2W segment Royal Enfield has stated that the demand has come back to Pre-COVID levels. The company stated that about 25% of demand is pent up and 75% is fresh demand. Most of the 2W players have stated that demand is recovering and retails sales have almost reached Pre-Covid levels. Positive read thru. The company has stated that most of Chennai is open now and their supply chain is intact.
  • Eicher Motors

    2 Jul 2020 , 10:33AM Eicher Motors (Royal Enfield) June 2020 sales: Royal Enfield sales recovered to 65% of normal in month of June 2020. Strong rural sentiments led to recovery in volumes. The numbers were in line with our estimates of 40,000 units.
  • Eicher Motors reports VECV sales of 1,358 units

    1 Jul 2020 , 1:18PM Eicher VECV segment reports sales of 1,358 units in June 2020
  • Eicher Motors

    1 Jul 2020 , 1:16PM Eicher VECV segment reports sales of 1,358 units in June 2020
  • Eicher Motors

    15 Jun 2020 , 11:10AM Eicher Motors: Lower than expected results due to margin miss
  • Eicher Motors

    11 Jun 2020 , 12:03PM 2W segment Royal Enfield’s 90% of retail network has reopened and resumed operations. Also, the company has rolled out a slew of initiatives that offer contactless purchase and service experience. Through several digital and online conveniences and 'At-your-doorstep' services, Royal Enfield aims to provide customers with a seamless and hassle-free purchase and ownership journey. Sentimentally positive.
  • Eicher Motors

    2 Jun 2020 , 11:15AM 2W segment (Royal Enfield) sales were at 30% of normal levels at 19,113 units. 2W sales were higher than estimates of 12,000 units. Eicher stated that by the end of the month, nearly two-third of the dealerships are open for business. and these dealerships attained nearly the pre-COVID level of bookings towards the end of the month. The CV sales at 686 units were at 14% of the normal levels which is broadly in line with estimates of 20% of normal sales.
  • Eicher Motors

    21 May 2020 , 11:06AM As per media news, the company is recalling 15,200 units of three models across the UK, Europe and Korea to replace a brake part. The recall includes Interceptor 650, Continental GT 650 and Himalayan motorcycles. The recall is unlikely to have any impact on the company’s performance as the brake replacement cost would be borne by the vendor.
  • Eicher Motors

    18 May 2020 , 12:50PM Royal Enfield has hiked prices of the Classic 350 motorcycle by Rs 2,000 (about 1.3% price hike). Positive read thru.
  • Eicher Motors appoints Kaleeswaran Arunachalam as CFO

    7 May 2020 , 1:13PM Appointment of Chief Financial Officer of the Company
  • Eicher Motors

    7 May 2020 , 11:26AM Eicher Motors announced the appointment of Kaleeswaran Arunachalam as the Chief Financial Officer of the company effective May 6, 2020. Lalit Malik, who has been in the position of Chief Financial Officer and Chief Commercial officer of the Company, shall continue in his role as Chief Commercial Officer of the Company.
  • Eicher Motors

    6 May 2020 , 5:57PM 2W division Royal Enfield has resumed operations at its manufacturing plants from today. Also the company has stated that around 120 dealerships have begun partial operations and expects 300 dealerships to be operational by mid May. Additionally company has stated it would offer "home-test rides" to provide safety to customers.
  • Ashok Leyland, Eicher Motors

    1 Apr 2020 , 2:18PM March 2020 sales of Ashok Leyland dropped 90% yoy to 2,179 units while Eicher Motors CV sales dropped by 83% yoy to 1,499 units.
  • Eicher Motor

    2 Mar 2020 , 1:23PM Eicher Motors (Royal Enfield): February 2020 sales stood at 63,536 units, up by 1.4% yoy and ahead of estimates of 59,000 units. The company outpaced the industry reporting marginal growth (as against decline in industry volumes). Industry outperformance can be attributable to recovery in premium motorcycle (above 350 cc) demand and BS4 inventory correction being largely over for Royal Enfield.
  • Eicher Motors

    2 Mar 2020 , 12:53PM Eicher Motors CV segment sales in February 2020 dropped 29% yoy impacted by slow economic growth and impact of revised axle load norms. Sales at 4,586 units were lower than estimates of 5,950 units.
  • Eicher Motors

    3 Feb 2020 , 12:52PM Eicher Motors: Overall sales drop 12% yoy; Royal Enfield sales dip 13% yoy; nos below estimates
  • Eicher Motors

    1 Feb 2020 , 9:48AM As per media reports, Eicher Motors (Royal Enfield) will end the production of 500cc Bullet and Thunderbird motorcycles in the domestic market as BS6 emission norm sets in from April 1, 2020. Negative read thru. Contribution of domestic 500cc bikes in the overall sales is about 3%.
  • Eicher Motors (Royal Enfield)

    8 Jan 2020 , 10:45AM Eicher Motors 2W arm (Royal Enfield) has launched BS VI-compliant version of its Classic 350 motorcycle, with price starting at Rs 1.65 lakh (ex-showroom).The model is the first motorcycle under the company’s unit construction engine (UCE) platform to transition to the new regulatory emission norms. The price of the BS6 variant to go up by ~Rs 12,000 (about 8%) compared to the BS 4 variant. Postive read-thru
  • Eicher Motors

    2 Jan 2020 , 12:34PM Eicher Motors (Royal Enfield): December 2019 wholesales at 50,416 units are down 14% yoy and below our estimates of 57,000 units. High competitive pressures and a weak demand resulted in decline in volumes.
  • Eicher Motors

    2 Jan 2020 , 11:19AM CV segment wholesales for December 2019 continued its double digit declining trend declining by 19% yoy to 5,042 units. Sluggish demand and likely inventory correction impacted the volumes. The numbers were in line with our estimates of 4,980 units. Neutral read thru.
  • Eicher Motors

    1 Jan 2020 , 9:43AM As per media reports, company plans to revive Sherpa 175 cc motorcycles; positive if the company launches products in lower displacement category but making a mark in lower cc competitive segment would be difficult
  • Eicher Motors

    31 Dec 2019 , 11:57AM Eicher Motors (Royal Enfield): Rival Jawa motorcycles to open bookings for 350 cc motorcycle Jawa Perak; to increase competition further; negative read thru
  • Eicher Motors

    23 Dec 2019 , 12:22PM Italian automaker Piaggio is looking to enter the mid-weight motorcycle market in India to take on Eicher Motors-owned Royal Enfield. Piaggio plans now to introduce motorcycles in the 250-300cc range under the Aprilla brand which is well known across the world for winning in racing competitions. Entry of Aprilla would increase competition for Royal Enfield (the company has monopolistic position currently with more than 90% market share in the 250-300 cc motorcycle space). Negative for Eicher.
  • Eicher Motors

    2 Dec 2019 , 12:56PM Royal Enfield sales drop in double-digits missing estimates; CV sales in line; overall nos below estimates
  • Eicher Motors

    22 Nov 2019 , 11:03AM According to media sources, Royal Enfield plans to discontinue its 500cc range of motorcycles from 1 April 2020 with advent of BS-VI emission norms. As per media, Upgrading RE's 500cc engine to BS-VI compliance will make their production unviable. The engine will not be produced for international markets also. 500cc segment contributes 6% of total volumes and its discontinuation is negative.
  • Eicher Motors

    18 Nov 2019 , 2:29PM Competitor Classic Legends (Jawa) to further consolidate presence by expanding distribution and introducing new products; negative read thru
  • Eicher Motors

    8 Nov 2019 , 3:40PM Eicher Motors Q2 review: Operating performance better than estimates; lower taxation further boosts profitability
  • Eicher Motors

    4 Nov 2019 , 12:08PM Eicher Motors (Royal Enfield) sales grew marginally 2% yoy to 71,964 units driven by higher export sales. Exports during the month stood at 4,426 units as against 407 units in Oct 2018. Domestic sales dropped 4% yoy but the performance was ahead of estimated driven by Better festive demand. The sales were better than our estimates of 69,000 units.
  • Eicher Motors

    4 Nov 2019 , 11:28AM October 2019 sales: Eicher Motors (Royal Enfield) sales increased marginally 2% yoy to 71,964 units (estimate of 69,000) driven by steep jump in exports and better festive demand. Positive. Tata Motors sales at 41,354 units dropped 34% yoy mainly due to inventory correction but were ahead of our estimates of 36,000 units. Positive for Eicher and Tata Motors. HeroMotocorp wholesales declined 18% yoy to 599,248 units driven by inventory correction and were lower than our estimates of 650,000 units. Negative.
  • Eicher Motors

    1 Nov 2019 , 3:34PM Eicher Motors (VECV) Oct sales
  • Eicher Motors

    9 Oct 2019 , 11:11AM Eicher Motors (Royal Enfield): As per media news, rival Honda Motorcycles and Scooters India (HMSI) will set up a dedicated division “Big Wings” targeting the 300-500 cc motorcycle segment in India. The company plans to launch slew of products over the next 18 months and has plans to set up dedicated sales network of 100 outlets across 22 locations. HMSI is targeting double-digit market share in the 300-500 cc motorcycle space. Negative read thru for Royal Enfield as it currently has monopoly in the 300-500 cc space with about 95% market share and increased competition would lead to market share loss.
  • Eicher Motors

    3 Oct 2019 , 12:50PM Eicher Motors (Royal Enfield): September 2019 dispatches declined 17% yoy to 59,500 units as against the estimated 56,000 units. Increased competitive pressures and weak demand resulted in a decline in volumes.
  • Eicher Motors

    1 Oct 2019 , 2:12PM Eicher Motors CV sales dropped 43% yoy in September 2019 to 3,784 units and were broadly in line with our estimates of 3,895 units. Slowing economic growth and impact of higher axle load norms continued to weigh on the demand.
  • Royal Enfield's BS-VI roll-out plans ride on outcome of IP case

    20 Aug 2019 , 11:42AM Eicher Motors (Royal Enfield): As per media news, Royal Enfield’s BS-VI roll-out plans might face hurdles if it fails to resolve a patent infringement dispute with Flash Electronics in a US court. In the event of the dispute remaining un resolved the company might have to look for a second supplier for regulator rectifier which is a mandatory component to comply with BS 6 norms and is supplied by Flash Electronics. Negative if the dispute remains un-resolved
  • Eicher Motors CV segment sales for July 2019 at 4,048 units

    1 Aug 2019 , 2:35PM Eicher Motors (CV): The Commercial vehicle segment sales for July 2019 at 4,048 units declined steeply by 32% YoY and is below the estimated 4,295 units. Decline in sales could be attributable to weak demand environment and high base in corresponding month.
  • Eicher Motors: Results miss estimates

    1 Aug 2019 , 11:49AM Eicher Motors Q1YF20 results miss estimates on the back of weak operating performance
  • Eicher Motors June 2019 CV sales falls by 29% yoy

    1 Jul 2019 , 12:06PM Eicher Motors commercial vehicle sales slips by 29% to 4,569 units in June 2019, against 6,390 units sold in same month last year
  • Eicher Motors Q4FY2019 consolidated results miss estimates

    13 May 2019 , 8:44AM Eicher Motors: Misses estimates as operating deleverage and higher input costs dents Royal Enfield margins to lowest in three years
  • Eicher Motors reports weak Q4FY2019 results

    13 May 2019 , 8:40AM Eicher Motors Q4FY2019 results missed estimates as Royal Enfield posted lowest margins in past three years impacted by operating deleverage, higher input costs due to ABS and increased promotional events in international market. While the topline was flattish, OPM’s at 27.4% contracted sharply 410bps. EBITDA declined 14% while the Adjusted PAT dropped 16% yoy.
  • Eicher Motors CV sales flat at 3,961 units

    2 May 2019 , 2:51PM Eicher Motors April 2019 sales: CV sales flat; 2W sales drop 18% yoy; nos broadly in line with estimates
  • Commercial vehicle segment sales in March 2019 decline by 8% y-o-y

    1 Apr 2019 , 2:05PM Eicher Motors: Commercial vehicle segment sales in March 2019 (VECV) declined 8% yoy to 8,676 units and were in line with our estimates of 8,640 units. Increased capacity in trucking industry due to axle load norms is impacting the demand.
  • Eicher Motors commercial vehicle sales falls by 6.7% y-o-y

    1 Mar 2019 , 2:41PM Eicher Motors reports total commercial vehicle sales down 6.7% to 6,428 units Vs 6,889 units (YoY)
  • Strike at 2W (Royal Enfield) Oragadam plant has been call off

    26 Feb 2019 , 10:41AM Strike at 2W (Royal Enfield) Oragadam plant has been called off and the workers have returned back to work with effect from 23rd Feb 2019. Sentimentally positive however the overall demand for Royal Enfield continues to remain weak (due to increased competition) with the company witnessing demand decline across major markets, thus overall we have a cautious view on Eicher motors.
  • Ongoing strike at Eicher Motors 2W Oragadam plant has led to production loss

    19 Feb 2019 , 10:47AM The ongoing strike at Eicher Motors 2W Oragadam plant has led to production loss of over 3,000 units so far. The plant has production capacity of 1,500-2,000 units per day and has been operating at half the capacity since the strike. Workers had called a strike on 14th Feb following disagreements with the management over wage revision, sudden transfer of six employees and confirmation of 520 temporary workers. Negative Read thru
  • Eicher Motors reports 13% decline in January 2019

    1 Feb 2019 , 1:32PM Eicher Motors January 2019 sales fall by 13% y-o-y to 5906 units
  • 2W division Royal Enfield will invest an additional Rs. 500 crore

    25 Jan 2019 , 12:24PM Eicher Motors: 2W division Royal Enfield will invest an additional ₹500 crore in Tamil Nadu by 2021 to expand its three manufacturing facilities under a pact with the state government to receive fiscal and monetary incentives. The company is also planning to invest for setting up the technology centre along the Old Mahabalipuram Road (OMR) in Chennai. Positive read thru
  • Eicher Motors' Royal Enfield workers call off their strike

    13 Nov 2018 , 1:01PM Eicher Motors(Royal Enfield): Workers at the Oragadam plant have called off their strike, which has been going on for 50 days. The strike was called off following a discussion held before the district administration. The workers would resume work today. Positive read thru
  • Eicher-Volvo JV to invest Rs. 400 cr for Bhopal plant

    9 Oct 2018 , 10:38AM Eicher Motors: JV company VECV is expanding truck capacity by setting up a green field plant for trucks at Bhopal with an investment of Rs. 400 cr. The plant will have capacity of 40,000 trucks and is likely to go on stream in the next 18 months. Positive
  • Eicher Motors arm to set up new unit at Bhopal

    8 Oct 2018 , 10:53AM Eicher Motors' arm VE Commercial Vehicles to set up a new manufacturing facility at Bhopal
  • Royal Enfield launches update version of Classic 500

    10 Sep 2018 , 2:11PM Eicher Motors' Royal Enfield has launched an updated version of the Classic 500, which has a ABS system. The motorcycle in available in 2 colors and its price starts at Rs. 2.10 Lakhs (ex-showroom, Mumbai), which is higher by Rs. 20,000-30,000 above the standard version based on the choice of color. Positive read thru
  • Eicher Motors' Royal Enfield Aug 2018 sales below ests

    3 Sep 2018 , 12:39PM Eicher Motors reports Royal Enfield August 2018 sales rises by 2% to 69377 units
  • Eicher Motors launches Royal Enfield Classic Signals

    29 Aug 2018 , 12:21PM Eicher Motors launched new Royal Enfield Classic Signals 350 edition at a price of Rs 1.62 lakh (ex-showroom, Pune). The new special edition is inspired from the Indian Armed Forces that clearly reflects in the styling. One significant update on the bike is the inclusion of a dual-channel ABS (Anti-Lock Braking System). Classic Signals 350 edition model will be available for sale in two colour options namely Airborne Blue and Storm Rider Sand. The company has also announced over 40 accessories for the new model
  • Eicher Motors gets an order to supply trucks

    28 Aug 2018 , 2:44PM Eicher Motors (VECV): has received an order to supply 350 heavy duty trucks from Bangladesh Road Transport Corporation and the deliveries are expected within 8 months. Positive
  • Eicher Motors Q1 net profit at Rs576 cr

    10 Aug 2018 , 10:24AM Eicher Motors: Q1FY2019 Consolidated results in-line operationally; higher than anticipated tax rate and lower other income leads to PAT coming in below estimates
  • Eicher Motors July 2018 sales

    2 Aug 2018 , 12:43PM Eicher Motors July sales: 2W segment disappoints with sharp growth moderation; growth lowest in last many years; CV sales surprise positively; negative read thru as 2W forms bulk of profitability
  • Eicher Motors to launch mid weight motorcycle platform

    31 Jul 2018 , 12:45PM Eicher Motors launches would happen beginning of 2020 and spawn through 2022
  • Eicher Motors launches 2 new trucks in 41 & 49 tons segment

    28 Jun 2018 , 12:10PM Positive read through for the stock.
  • Royal Enfield to focus on non-motorcycles business

    11 Jun 2018 , 10:57AM Positive read through for Eicher Motors.
  • Eicher Motors' May sales up 23% (YoY)

    1 Jun 2018 , 12:10PM Eicher Motors' Royal Enfield dispatches for the month of May 2018 at 74,697 units is up 23% YoY
  • Eicher Motors report in line results

    10 May 2018 , 12:32PM iven the in line results for Q4FY2018 and the company maintaining FY2019 guidance of Royal Enfield production of 950,000, units our estimates remain unchanged. At CMP stock is trading at rich valuations of 28.6x FY2019 earnings. We maintain Neutral view on the stock
  • Eicher Motors April 2018 sales at 76187 nos

    2 May 2018 , 12:28PM Eicher Motors 2W segment (Royal Enfield) Sales for April 2018 at 76,187 nos grew in double digits by 27%
  • Automobile sector reports strong sales numbers

    2 May 2018 , 11:33AM Positive read through for Tata Motors, Maruti, TVS Motors, Escorts, M&M.
  • Eicher Motors plans to invest Rs8 bn in 2018-19

    4 Apr 2018 , 12:33PM Eicher Motors' Royal Enfield, is planning to invest around Rs8 bn in 2018-19. The capex includes construction of Phase-2 of the Vallam Vadagal plant in Tamil Nadu this year
  • Eicher Motors to invest Rs 8 bn in FY 2018-19

    4 Apr 2018 , 12:23PM Negative for Eicher Motors as it expects production at 950,000 units in FY2019 (capacity implies 16% growth in FY2019 which is sharp moderation as compared to 23% growth in FY2018).
  • Eicher Motors commercial vehicle sales volumes at 9,411 units

    2 Apr 2018 , 12:56PM Eicher Motors reports commercial vehicle sales volumes for March 2018 at 9,411 units rises by 28% YoY
  • Eicher Motors (Royal Enfield) to launch the ABS version of Bullet in the initial days of April 2018

    2 Apr 2018 , 12:34PM Negative read through.
  • Eicher Motors reflect a strong on-ground demand resulting in a sharp jump in sales volumes for the month.

    2 Apr 2018 , 11:46AM Positive read through
  • EIcher Motors launches ROyal Enfield Interceptor 650

    20 Mar 2018 , 11:19AM Positive Eicher Motors 2W segment (Royal Enfield) has started exporting the new Interceptor 650 and Continental GT 650 motorcycles to Australia.
  • 2W segment Royal Enfield Forays into Argentina market

    14 Mar 2018 , 11:30AM Positive read through for Eicher Motors as 2W segment Royal Enfield Forays into Argentina market.
  • Royal Enfield to face tough competition from Java bikes

    13 Mar 2018 , 9:59AM Negative read through for Eicher Motors as Mahindra plans to bring back Java (Yezdi Java) bikes.
  • Eicher Motors open Royal Enfield stores

    9 Mar 2018 , 10:55AM Eicher Motors (Royal Enfield) Opens Royal Enfield Vintage Stores to deal in pre-owned Royal Enfield bikes. It plans 10 stores in the next 1 year; Also working on an electric platform
  • Eicher Motors launches new Thunderbird variant

    1 Mar 2018 , 11:25AM Positive read through for Eicher Motors as it launches 500X and 350X priced at Rs.1,98,878 and Rs1,56,849 respectively.
  • Finance Ministry approves vehicle scrappage policy

    28 Feb 2018 , 9:21AM Positive read through for Ashok Leyland, Tata Motors, M&M, Eicher Motors and Jamna Auto.
  • Eicher Motors to launch "Thunderbird" motorcycles

    26 Feb 2018 , 3:08PM Positive read through for Eicher Motors as it is to launch refresh of "Thunderbird" motorcycles.
  • Eicher Motors to launch refreshed Thunderbird motorcycles

    26 Feb 2018 , 2:57PM Eicher Motors (Royal Enfield) is set to launch the new 2018 Thunderbird 350x and Thunderbird 500x motorcycles in India on 28th February.
  • Commercial vehicle JV sees strong volume growth

    23 Feb 2018 , 11:46AM Positive read through for Eicher Motors as commercial vehicle JV sees strong volume growth to enhance capacity.
  • Transport ministry finalises old vehicle scrppage policy

    16 Feb 2018 , 11:06AM Positive read thru for Auto OEM especially CV Players Ashok Leyland, M&M, Tata Motors, Eicher Motors and Jamna Auto as it is to become effective once approved by cabinet.
  • Eicher Motors to launch 2018 version of Himalayan FI

    8 Jan 2018 , 10:14AM Positive read through as Eicher Motors(Royal Enfield) to launch the updated 2018 version of the Himalayan FI on the 12th January 2018.
  • Automobiles December sales review for the year

    2 Jan 2018 , 9:33AM TVS Motors reports better than expected nos (39% yoy growth) led by market share gains (Positive); Eicher Motors reports marginally lower than expected nos due to 2W segment (2W volume growth moderated to 17% from earlier levels of 21-22%)
  • Eicher Motors to launch Thunderbird 500 cruise bike

    26 Dec 2017 , 11:44AM Positive read through as it would help to push the sales of the motorcycle.
  • Royal Enfield to commence bookings of the Interceptor 650

    21 Dec 2017 , 10:15AM Positive read through as both new motorcycles would compete with the Harley Davidson street 750 and Truimph Bonneville Street twin
  • Royal Enfield Nov sales up 22% at 70126 units

    1 Dec 2017 , 3:34PM Eicher Motors' Royal Enfield total sales in November rises 22% to 70,126 units from 57,313 units during the same period last year
  • Eicher Motors Nov 2017 total sales at 4916 units

    1 Dec 2017 , 2:54PM Eicher Motors total CV sales for November 2017 at 4,916 units are up strongly by 55% YoY
  • Royal Enfield Nov sales up 22% at 70126 units

    1 Dec 2017 , 2:50PM Eicher Motors' Royal Enfield total sales in November rises 22% to 70,126 units from 57,313 units during the same period last year
  • Eicher Motors Nov 2017 total sales at 4916 units

    1 Dec 2017 , 12:33PM Eicher Motors total CV sales for November 2017 at 4,916 units are up strongly by 55% YoY
  • Eicher Motors launches CV variants targeting e-commerce market

    23 Nov 2017 , 8:57AM Positive news for Eicher Motors as it launches CV variants targeted at e-commerce market priced between Rs 16.26 to Rs 27.4 lakhs.
  • Eicher Motors reports decent set of Q2 results

    14 Nov 2017 , 2:29PM Eicher Motors: Q2FY2018 results – Operationally in-line results; lower than anticipated share of Profit from CV business leads to PAT coming marginally below estimates.
  • Eicher Motors - Royal Enfield unveils 2 new bikes

    9 Nov 2017 , 8:56AM Positive news for Eicher Motors - Royal Enfield as 2 new bikes in 650cc range to be commercially launched in April 2018.
  • Royal Enfield to launch all new 650cc motorcycle in April' 18

    7 Nov 2017 , 8:53AM Positive news for Eicher Motors as this launch will tap both domestic and exports.
  • Eicher Motors Oct 2017 sales numbers broadly in-line with estimates

    1 Nov 2017 , 11:51AM Eicher Motors (2W division - Royal Enfield): Dispatches for the month of October 2017 at 69,492 units is up 18% YoY driven by sustained demand for cruiser bikes coupled with improved festive demand, which also added to the sales.
  • Eicher Motors: Two wheeler division enters Vietnam market - positive

    13 Oct 2017 , 10:45AM Expanding its footprints in international markets, Royal Enfield announced its entry into Vietnam, the world’s fourth largest two wheeler market; positive read thru.
  • Eicher Motors – Royal Enfield September sales up 21.8% YoY

    3 Oct 2017 , 12:48PM Eicher Motors (2w – Royal Enfield): September 2017 sales at 70,431 were up 21.8% YoY on account of a sustained demand for Classic range of motorcycles coupled with ongoing festive season. The numbers are in-line with estimates.
  • Eicher Motors CV sales up by 25.6% YoY for September

    3 Oct 2017 , 12:44PM Eicher Motors CV sales were up impressively by 25.6% YoY for the month indicating at improved demand scenario as business cycles pick up with the ongoing festive season. The numbers at 6,083 units were ahead of our estimates of 5,220 units.
  • Eicher to launch 750 cc Interceptor in Nov 2017

    28 Sep 2017 , 11:11AM Eicher Motors (2w division – Royal Enfield): to globally launch the 750 cc Interceptor in November 2017 – Positive
  • Eicher Motors plans to invest ~Rs450 Cr in CV bizz

    22 Sep 2017 , 9:11AM Eicher Motors plans to invest Rs 400-450 cr in the CV business in FY2018 on new products and BS6 technology - Positive
  • Eicher Motors in race to acquire Ducati

    7 Sep 2017 , 10:13AM Eicher Motors is revving up to make a binding offer to acquire the iconic Italian superbikes Ducati for $1.8 billion-$2 billion (about Rs 10,200-11,500 cr) -- a move, if successful, will further power its portfolio, brand equity, global reach and access to technology; positive if the deal goes thru.
  • Eicher Motors' CV division sales for August up 9% YoY

    1 Sep 2017 , 3:40PM Eicher Motors: CV division sales for the month of August 2017 were up 9% YoY at 4,571 units on the back of improved demand scenario. The numbers are ahead of estimates.
  • Eicher Motors commences its new plant at Chennai

    28 Aug 2017 , 2:36PM For FY2018, Eicher is targeting to produce 825,000 units (24% yoy growth). Positive.
  • Eicher Motors Q1 earnings in-line with ests

    10 Aug 2017 , 9:06AM Eicher Motors topline for the quarter at Rs2,001 crore is up strongly by 29% YoY
  • Eicher Motors sales broadly in line with ests

    1 Aug 2017 , 12:39PM Eicher Motors 2 wheeler division (Royal Enfield) July 2017 sales at 64,459 units
  • Eicher Motors 2W division indentifies 4 markets for growth

    18 May 2017 , 3:09PM Eicher Motors 2w division - Royal Enfield has indentified 4 markets (Thailand, Indonesia, Columbia, Brazil) for growth and expects a very high potential for growth from this markets.

Key fundamentals

Evaluate the intrinsic value of Eicher Motors Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
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

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
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.

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