Eicher Motors Ltd reports 7% YoY drop in sales of Royal Enfield Motorcycles during October 2020

Eicher Motors Ltd has announced the sales figures of Royal Enfield motorcycles for the month of October 2020. The company has sold 66891 motorcycles during October 2020, as compared to 71964 units in October 2019, registering a drop of 7% YoY.

The company has sold 60467 units of models with engine capacity upto 350cc in October 2020 as against 64257 units in October 2019, down by 6% YoY.

The company has sold 6424 units of models with engine capacity exceeding 350cc during October 2020 as compared to 7707 units in October 2019, a drop of 17% YoY.

Exports stood at 4033 units in October 2020 as against 4426 units in October 2019, a drop of 9% YoY.

Shares of EICHER MOTORS LTD. was last trading in BSE at Rs.2083.9 as compared to the previous close of Rs. 2134.2. The total number of shares traded during the day was 48210 in over 2257 trades.

The stock hit an intraday high of Rs. 2140 and intraday low of 2054.7. The net turnover during the day was Rs. 100767511.

Source : Equity Bulls

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