Eicher Motors, maker of Royal Enfield motorcycles, has overtaken Pune-headquartered Bajaj Auto in market capitalisation and become the highest valued Indian two-wheeler company. Eicher’s stock rose about 2.6 per cent on Monday to a new high of of Rs 30,160 on BSE. The Gurugram-headquartered firm closed the day with a m-cap of Rs 81,776 crore at BSE, ahead of Bajaj Auto’s Rs 81,242 crore. The country’s largest two-wheeler maker, Hero MotoCorp, has one of Rs 72,971 crore. Eicher is a niche motorcycle maker, with significantly lower volumes than ...
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