Eicher Motors gains 6% as strike called-off at Oragadam facility

Shares of Eicher Motors ended with 6 percent gain on Tuesday after entire workforce at Royal Enfield’s Oragadam facility has called-off the strike.

The company is its statement said that the entire workforce at Royal Enfield’s Oragadam facility reported to work today, bringing an end to the strike, effective November 13, 2018.

All three plants of the company are now operational at their full capacity, it added.

From September 24, 2018, a part of the workforce at Royal Enfield’s manufacturing facility at Oragadam, near Chennai had stayed away from work. There was a loss of production was 28,000 motorcycles during the period of strike, said Company.

At the close, Eicher Motors was at Rs 23,247.05, up Rs 1,269.80, or 5.78 percent on the BSE.