Eicher Motors’ (EML) joint venture (JV) company Eicher Polaris (EPPL) has received an approval to close its operations with immediate effect. The EPPL’s Board meeting was held on March 9, 2018, and approved for the same. EPPL is a joint venture between the company and Polaris Industries.
EML had invested Rs 289.50 crore in EPPL. The sums invested so far, together with additional investments, as required to close down the operations, shall be written-down in accordance with the applicable regulations.
Eicher Motors is the parent of Royal Enfield, the global leader in middleweight motorcycles. Focused on bringing back simple, yet engaging and accessible motorcycling, Royal Enfield operates in India, and over 40 countries around the world.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9777.15 |
| Hero MotoCorp | 5229.25 |
| TVS Motor | 3743.60 |
| Eicher Motors | 7189.40 |
| Ather Energy | 850.65 |
| View more.. | |
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