Eicher Motors Limited saw a nearly 2% rise in its shares to Rs 3,310 in early trade on November 2 after announcing a 3% year-on-year increase in sales for the month of October.
The company successfully sold a total of 84,435 units, marking an improvement from the 82,435 units sold during the same month last year.
By 1:54 pm, the stock was trading at ₹3,330.00, indicating a 1.45% increase from the previous close on the NSE.
In October 2023, Eicher’s motorcycles with engine capacities of up to 350cc demonstrated a 2% growth, totaling 76,075 units sold. Moreover, models with engine capacities exceeding 350cc experienced a remarkable 13% surge, with 8,360 units sold in October 2023, compared to 7,407 units sold in October 2022, as confirmed by the company in an exchange filing.
