SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Eicher Motors rises as its arm incorporates new subsidiary in Indonesia

28 Oct 2024 Evaluate

Eicher Motors is currently trading at Rs. 4623.55, up by 35.00 points or 0.76% from its previous closing of Rs. 4588.55 on the BSE.

The scrip opened at Rs. 4562.05 and has touched a high and low of Rs. 4646.80 and Rs. 4535.00 respectively. So far 1993 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5104.50 on 27-Sep-2024 and a 52 week low of Rs. 3272.35 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4850.05 and Rs. 4510.00 respectively. The current market cap of the company is Rs. 124708.59 crore.

The promoters holding in the company stood at 49.10%, while Institutions and Non-Institutions held 41.38% and 9.52% respectively.

Eicher Motors’ material subsidiary -- VE Commercial Vehicles (VECV) has incorporated a new subsidiary company in Indonesia by the name of PT VECV automotive Indonesia.

PT VECV Automotive Indonesia has been set up with a view to enhance the Four-Wheeled and other Motor Vehicles supply chain in Indonesia. These business activities are related to the main line of business of VECV.

VECV has subscribed to the 99.99% of the equity share capital of PT VECV Automotive Indonesia i.e. 179,982 shares having the aggregate nominal value of Indonesian Rupiah 17,998,200,000. 

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

7189.40 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
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..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×