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Eicher Motors dips after Royal Enfield suffers production loss of 11,200 bikes
The stock opened at Rs 16,308 and hit a low of Rs 16,000 during the day
Eicher Motors Chief Executive Officer Siddhartha Lal (right) and President of Royal Enfield Rudratej Singh at Royal Enfield's new flagship store in New Delhi
Shares of Eicher Motors have dropped 2% to Rs 16,000 on the Bombay Stock Exchange (BSE) after the company’s flagship motorbike; Royal Enfield registered a loss of 11,200 units due to torrential rains that lashed the city of Chennai in November and December thus affecting the production facility of Eicher Motors.
Due to a high incidence of absenteeism by our employees, and issues with the local suppliers, the company will be running at approximately 50% capacity this week, and plan to be back to 100% capacity by next week, Eicher Motors said in a filing on the BSE.
The stock opened at Rs 16,308 and hit a low of Rs 16,000 during the day. At 12:30 pm, A combined total of 16,694 shares changed hands on the counter of NSE and BSE.
 "Eicher Motors dips after Royal Enfield suffers production loss of 11,200 bikes")
