Eicher Motors Share Price Graph And News

The Eicher Motors Limited is a nifty 50 company and  an automobile major in India. It is a leader in automobile sector in India. Eicher Motors share price reflects the present financial condition of the company.

Eicher Motors Share Price Graph

 Eicher Motors Limited started its journey back in 1982. It is engaged in manufacturing motorcycles, commercial vehicles, and engineering components.

Eicher Motors has manufacturing units installed across four states of India, Maharashtra, Tamilnadu, Madhya Pradesh and Haryana.

Eicher Motors manufactures the iconic motorcycle of India – The Royal Enfield, popularly known as Bullet. It acquired a controlling stake in Enfield, India in 1993 and revamped the whole business including design, manufacturing and marketing. Manufactured in 300cc t0 600cc category, these motorcycles have an unparalleled consumer base. Though in higher price range these motorcycle is having a great market share in Indian motorcycle market that is increasing day by day. In addition, they manufacture commercial vehicles and engineering components which earn the company great shares of revenue.

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Besides motorcycles, the company manufactures commercial vehicles under a joint venture with internationally famous Volvo Group in a 50/ 50 ratio. The joint venture initiative designs manufactures market high tech fuel efficient vehicles under the name VE commercial vehicles limited. Eicher Motors also ventured into a technical collaboration with Mitsubishi Motors Corporation of Japan for the production of commercial vehicles under the brand name Canter.

In the engineering components space, Eicher Motors has a strong presence. They manufacture the full range of gears for automobiles. These ranges of gears include Straight Bevel Gears, Spiral Level Gears including pinions and crown wheels and Transmission Gears.

Eicher also manufactured tractors and once Eicher was synonymous with tractors in India. Later in 2005, as a result of company policy decision, Eicher divested the whole of its tractors and engines business to Tafe Motors and Tractors Ltd. (TMTL).

The company has received numerous awards of excellence for its products.

Company Financials – Eicher Motors share price is Rs 28591 (as on 19.06.17, 12.41 hrs.) in BSE. As per latest data, the standalone basis P/E is 49.93 versus average industry PE of 27.92, EPS is Rs 573.25. Market cap is Rs 77,899 crores. The face value of a share is Rs 10.

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