Eicher Motors stock rises on strong Royal Enfield October sales

 BT Online        Last Updated: November 1, 2016  | 16:34 IST
Eicher Motors stock rises on strong Royal Enfield October sales

Royal Enfield, the two-wheeler division of Eicher Motors, on Tuesday reported a 33 per cent rise in total sales at 59,127 units in October.  The Eicher Motors stock rose 4.55 per cent to 25,115 points. The stock opened at 24200 level and continued its upward move on the BSE. The Eicher Motors stock closed 5.36 per cent higher at 25,309 level. 

The two-wheeler manufacturer had sold 44,522 units in October 2015, Eicher Motors said in a BSE filing. Sales in the domestic market stood at 58,369 units as against 44,138 units in the same month last year, up 32.24 per cent. Exports during the month jumped 95 per cent to 748 units compared with 384 units in October 2015.

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