Eicher Motors races past M&M to become third most-valued auto company

It is now behind Maruti Suzuki and Tata Motors

Ajay Modi  |  New Delhi 

Eicher Motors, the manufacturer of Royal Enfield motorcycles, has become the third most-valued automobile company in the country after Maruti Suzuki and Tata Motors.  On Monday, Eicher’s market capitalisation surpassed sports utility vehicle (SUV) major Mahindra and Mahindra’s (M&M)’s, with the latter taking a beating after news of a higher cess on SUVs and large cars under the goods and services tax (GST) regime. Eicher has quickly moved from being the fifth most-valued automobile company about a week ago to the third position now, triggered by a ...

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