Eicher Motors Ltd.

Eicher Motors is currently trading at Rs. 3524.00, up by 35.15 points or 1.01% from its previous closing of Rs. 3488.85 on the BSE.

The scrip opened at Rs. 3549.00 and has touched a high and low of Rs. 3560.95 and Rs. 3500.00 respectively. So far 353 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3980.00 on 18-Jul-2013 and a 52 week low of Rs. 1900.00 on 02-Aug-2012.

Last one week high and low of the scrip stood at Rs. 3750.00 and Rs. 3430.00 respectively. The current market cap of the company is Rs. 9549.43 crore.

The promoters holding in the company stood at 55.18% while Institutions and Non-Institutions held 24.85% and 19.98% respectively.

Eicher Motors and the Volvo group have commissioned the Euro 6-compliant diesel engine plant in Pithampur, Madhya Pradesh, while celebrating their partnership for five years. It has invested around Rs 375 crore on the plan and these engines will be supplied to Volvo’s facility in France where they will subsequently be assembled.

The company plans to 25,000 engine and aims to increase this production in phases to 100,000 units at an additional investment of Rs 125 crore. The same engine platform can cater to the requirements of the joint venture, VE Commercial Vehicles, both in India and the Asia-Pacific region.