Eicher Motors has gained in trades today on reports that Royal Enfield plans to launch two leisure bikes.
Royal Enfield, a unit of Eicher Motors, is going to bring out limited edition products, Classic Chrome and Desert Storm. These are priced at Rs 1,65,400 and Rs 1,58,200, respectively.
The stock opened at Rs 1,626 and quickly surged 4.5% to a new high of Rs 1,699. It is now trading with a 2% gain at Rs 1,659. Around 7,765 shares have been traded on the BSE so far.
Royal Enfield offers a variety of models catering to the needs of the traditional segments, the enthusiasts, the leisure bikers and the urban youth.
