Company Profile

VE Commercial Vehicles (VECV), a Volvo Group and Eicher Motors joint venture (JV), has reported a 19 per cent increase in sales for February at 5,457 units. The company had sold 4,586 units in February 2020.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Eicher Motors’ motorcycle division has reported 10% rise in sales at 69,659 units in February 2021 as compared to 63,536 motorcycles sold in February 2020. During February 2021, export of motorcycles increased to 4,545 units from 2,348 units in February 2020. 

The company’s sales of models with engine capacity up to 350 cc increased by 12% at 64,362 units in February 2021 against 57,292 units in the same period year ago. However, the sales of its Models with engine capacity exceeding 350 cc also fell by 15% at 5,297 units in February 2021 as against 6,244 units in February last year. 

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Eicher Motors is currently trading at Rs. 2581.00, up by 24.65 points or 0.96% from its previous closing of Rs. 2556.35 on the BSE.

The scrip opened at Rs. 2582.50 and has touched a high and low of Rs. 2585.00 and Rs. 2530.05 respectively. So far 48684 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3035.50 on 22-Jan-2021 and a 52 week low of Rs. 1246.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 2600.00 and Rs. 2400.10 respectively. The current market cap of the company is Rs. 70187.20 crore.

The promoters holding in the company stood at 49.24%, while Institutions and Non-Institutions held 38.39% and 12.37% respectively.

VE Commercial Vehicles (VECV), a Volvo Group and Eicher Motors joint venture (JV), has reported a 19 per cent increase in sales for February at 5,457 units. The company had sold 4,586 units in February 2020.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Eicher Motors is currently trading at Rs. 2820.00, up by 1.50 points or 0.05% from its previous closing of Rs. 2818.50 on the BSE.

The scrip opened at Rs. 2825.00 and has touched a high and low of Rs. 2846.00 and Rs. 2814.20 respectively. So far 15746 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3035.50 on 22-Jan-2021 and a 52 week low of Rs. 1246.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 3018.80 and Rs. 2706.35 respectively. The current market cap of the company is Rs. 77039.73 crore.

The promoters holding in the company stood at 49.24%, while Institutions and Non-Institutions held 38.39% and 12.37% respectively.

Eicher Motors’ motorcycle arm -- Royal Enfield has launched a new version of its adventure-touring motorcycle Himalayan priced at Rs 2.01 lakh (ex-showroom Delhi). The company has introduced the updated model across India, Europe, and the UK, in three new distinctive, terrain-inspired colorways, along with a range of upgrades.

The Himalayan now also comes with the Make It Yours ( MiY) initiative allowing customers to personalize and accessorize their motorcycle across all channels - the RE App, the website, and at dealerships. The 411-cc bike now comes with added features like a turn-by-turn navigation pod besides several upgrades to the seat, the rear carrier, front rack, and a new windscreen.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles

Tata Consultancy Services (TCS) has strengthened its partnership with Snowflake, with the launch of a curated version of its TCS DAEzMo suite of solutions that enables businesses to accelerate their data landscape modernization and migration to Snowflake’s data cloud. The company helps customers across industries resolve complex business-centric data challenges with the power of cloud.

Biocon’s subsidiary -- Biocon Biologics (BBL) and Viatris have received marketing authorization approval from the European Commission for Kixelle, Biosimilar Insulin Aspart, following the positive recommendation by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency. Kixelle, a fast-acting insulin analog indicated for the treatment of diabetes mellitus in adults, adolescents and children aged 1 year and above, has been approved as a 100 units/ml solution for injection in vial and pre-filled pen presentations.

RITES has, in consortium, emerged as L-1 bidder for a General Consultancy order from Haryana Rail Infrastructure Development Corporation for their Haryana Orbital Rail Corridor (HORC) which is a new electrified Broad-Gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph. Fee payable to the consortium will be about Rs 61 crore.

Artson Engineering has received order confirmation of Rs 9.01 crore from Convergence Chemicals for design, manufacture, supply & transport of Fluorination Reactor - 01 No. The time period by which the order is to be executed is 8 months.

Gulf Oil Lubricants has partnered with Gulf Oil International (GOI) for investing and exploring opportunities in the Electric Vehicle (EV) charging space. The company has entered into an agreement with Gulf Oil International to participate and co-invest in Gulf Oil International's recent investment along with the Clean Growth Fund (CGF - a UK venture capital fund) in a UK-based smart energy and electric vehicle technology company Indra Renewable Technologies.

Eicher Motors’ motorcycle arm -- Royal Enfield has launched a new version of its adventure-touring motorcycle Himalayan priced at Rs 2.01 lakh (ex-showroom Delhi). The company has introduced the updated model across India, Europe, and the UK, in three new distinctive, terrain-inspired colorways, along with a range of upgrades.

3M India has decided to consolidate its manufacturing operations in Pune, Maharashtra to a single facility in Ranjangaon and discontinue its production unit at its Pimpri facility during the quarter October - December 2021. At present, the Pimpri facility is owned and managed by 3M Electro & Communication India, a 100% subsidiary of 3M India. Once all the related approvals are in place 3M shall ensure smooth transition of the business and is committed to minimizing any disruption for its customers.