Eicher Motors Ltd reports 5% fall in sales of Royal Enfield Motorcycles during August 2020

Eicher Motors Ltd has announced the sales figures of Royal Enfield motorcycles for the month of August 2020. The company has sold 50144 motorcycles during August 2020, as compared to 52904 units in August 2019, a drop of 5% YoY.

The company has sold 46357 units of models with engine capacity upto 350cc in August 2020 as against 44694 units in August 2019, registering a drop of 4% YoY.

The company has sold 3787 units of models with engine capacity exceeding 350cc during August 2020 as compared to 8210 units in August 2019, a drop of 54% YoY.

Exports stood at 2573 units in August 2020 as against 4152 units in August 2019, a growth of 38% YoY.

Shares of EICHER MOTORS LTD. was last trading in BSE at Rs.2099.25 as compared to the previous close of Rs. 2212.8. The total number of shares traded during the day was 82018 in over 8273 trades.

The stock hit an intraday high of Rs. 2229.85 and intraday low of 2073.7. The net turnover during the day was Rs. 175625784.

Source : Equity Bulls

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