Eicher Motors rose 3.30% to Rs 2835.45 after the VE Commercial Vehicles total sales volume improved by 2.3% to 5,673 units in January 2021 from 5544 units in January 2020.
Sequentially, the total sales have risen by 15.9% from 4,892 units sold in December 2020.
VE Commercial Vehicles (VECV) is an unlisted subsidiary of Eicher Motors.
While VECV's domestic sales increased by 1.9% to 4,964 units, exports jumped 7.4% to 555 units in January 2021 over January 2020.
However, total sales of Volvo trucks & buses declined by 1.3% 154 units during the month from 156 units sold in the same period last year.
Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles (VECV) which operates in India's commercial vehicle space.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU