Eicher Motors rises as its JV resumes manufacturing operations in India

Eicher Motors Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 505200 | NSE: EICHERMOT

08 May 2020 Evaluate

Eicher Motors is currently trading at Rs. 14284.00, up by 280.40 points or 2.00% from its previous closing of Rs. 14003.60 on the BSE.

The scrip opened at Rs. 14268.70 and has touched a high and low of Rs. 14336.40 and Rs. 14236.05 respectively. So far 351 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23427.75 on 26-Nov-2019 and a 52 week low of Rs. 12460.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 14500.00 and Rs. 13600.00 respectively. The current market cap of the company is Rs. 38236.23 crore.

The promoters holding in the company stood at 49.28%, while Institutions and Non-Institutions held 39.51% and 11.21% respectively.

Eicher Motors and Volvo Group’s joint venture (JV) -- VE Commercial Vehicles (VECV) has resumed manufacturing operations at its plants in India following relaxation of guidelines for the third phase of the lockdown by the government. The plants located at Pithampur, Dewas, and Baggad in Madhya Pradesh and Thane in Maharashtra have resumed lean operations after the required permissions were granted by the state government.

Lean operations have been initiated at 25-40 percent levels in these plants with strict adherence to the guidelines and advisories laid down by the central and state governments as well as local authorities. The priority continues to be to service the customers with dispatch of parts to various service centres, dispatch of already produced BS-VI vehicles, and meeting the needs of transporters engaged in delivery of essential goods.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Eicher Motors Share Price

7300.10 -29.50 (-0.40%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Auto	10710.85
Hero MotoCorp	5321.50
TVS Motor	3692.45
Eicher Motors	7300.10
Ather Energy	915.00
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