Eicher Motors shares surge nearly 5% after company reported an outstanding 25% year-on-year growth in Royal Enfield sales for December 2024, driving its shares up by nearly 5% today. Total sales reached 79,466 units, fueled by robust domestic and export demand.
As of 11:39 am the shares were trading 5.36% higher at ₹5,147.25 on NSE.
- Sales Growth: Motorcycles with engine capacities up to 350cc and above recorded a 25% increase, reaching 69,476 and 9,990 units, respectively.
- Export Surge: Exports grew by 90%, highlighting strong global demand.
- Domestic Demand: Domestic sales climbed by 19%, contributing significantly to the company’s growth.
Eicher Motors Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Wed, Jan 1 2025
|
₹4,829.00
|
₹4,885.30
|
|
|
Tue, Dec 31 2024
|
₹4,827.00
|
₹4,821.90
|
-0.70%
|
|
Mon, Dec 30 2024
|
₹4,890.00
|
₹4,855.80
|
-0.43%
|
|
Fri, Dec 27 2024
|
₹4,820.00
|
₹4,876.90
|
|
|
Thu, Dec 26 2024
|
₹4,792.90
|
₹4,801.35
|
|
|
Tue, Dec 24 2024
|
₹4,750.55
|
₹4,792.90
|
|
|
Mon, Dec 23 2024
|
₹4,750.00
|
₹4,750.55
|
|
|
Fri, Dec 20 2024
|
₹4,748.00
|
₹4,734.50
|
-0.78%
|
Key Developments:
- Thailand Expansion: A new assembly plant in Bangkok, Thailand, with a capacity of over 30,000 units annually, was inaugurated.
- Pre-Owned Business Growth: The REOWN initiative expanded to 236 cities in India.
- Cultural Initiatives: The “Journeying Across the Himalayas” festival celebrated Himalayan culture, strengthening community ties.
About Royal Enfield:
As a global leader in the mid-size motorcycle segment, Royal Enfield continues to excel with its innovative products and initiatives, bolstering Eicher Motors’ market presence.
