Reuters logo
MARKET EYE-Eicher Motors shares rise on Royal Enfield hopes
November 20, 2012 / 7:07 AM / 5 years ago

MARKET EYE-Eicher Motors shares rise on Royal Enfield hopes

* Shares in Eicher Motors gained 3.5 percent on hopes
of strong demand at its two-wheeler unit Royal Enfield this
festive season, dealers said.
* Macquarie initiated its coverage on Eicher Motors on Monday
with an "outperform" rating and set a target of 3,235 rupees. 
* Macquarie said it sees capacity expansion in motorcycles,
market share gain in heavy trucks and the start of production of
Volvo's medium-duty engines to be the key drivers of growth.
* Eicher has a 50-50 joint venture in India with Volvo AB
 

 (manoj.dharra@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below