Eicher Motors jumps 3% to hit lifetime high, stock price crosses ₹5,000 mark

Eicher Motors stock has gained 4.82% in the past five sessions.

On July 17, the company informed the exchanges that its two-wheeler division, Royal Enfield had launched a new roadster motorcycle. The company mentioned that the newly launched Royal Enfield Guerrilla 450 will also be branded as the Royal Enfield GRR 450 in most Latin American markets.

The booking window for the bike opened on July 17. The motorcycle is powered by the 452cc single-cylinder liquid-cooled Sherpa engine, which was earlier seen in the Himalayan 450 adventure tourer.

The Guerrilla 450 has been introduced in three variants– Analogue, Dash and Flash– and five colour options.

Earlier on July 1, Eicher Motors informed the exchanges about its sales volume of motorcycles for June 2024. The company’s total domestic sales of motorcycles fell 5% to 73,141 units in June 2024 compared to 77,109 in the year-ago period. The company’s total international sales of motorcycles fell 27% to 7,024 bikes compared to 9,614 bikes in June 2023.

Eicher Motors' domestic commercial vehicle sales for June 2024 grew 9.8% to 6,893 units compared to 6,277 units in June 2023.

The company’s partnership with the Volvo Group –VE Commercial Vehicles Limited–posted an increase of 10.6% in its commercial vehicle sales in the period under review. Eicher Motors sold 7,424 units in June 2024 compared to 6,715 in June 2023.

Eicher Motors Limited, headquartered in New Delhi, is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles.

Eicher Motors shares closed at ₹5,013 apiece on the NSE, up by 2.29% on July 26.