Eicher Motors to invest Rs 700 crore in next 12-18 months: Report

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

04 Dec 2013 Evaluate

Eicher Motors is reportedly planning to invest Rs 700 crore in next 12-18 months. The investment will be done as part of Joint Venture (JV) with Swedish Co Volvo. The company’s investment currently focuses on new part distribution centre.

Further, the company has invested heavily in new product, including new engines. The company is also planning to manufacture 1,00,000 trucks and busses from Pithmpur.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.

Peers

Company Name	CMP
Bajaj Auto	11684.00
TVS Motor Company	4127.50
Hero MotoCorp	5225.00
Eicher Motors	7540.00
OLA Electric Mobilit	38.56
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