Eicher Motors rallies 5% on strong Royal Enfield sales numbers for December

Shares of Eicher Motors rallied 5 per cent to Rs 2,714.15 on the BSE in Monday’s intra-day trade after the company’s Royal Enfield brand reported 43 per cent rise in month-on-month sales of 73,739 units in the month of December 2021. The company reported its best-ever reading in last several months. On year on year (YoY) basis, the Royal Enfield sales grew 7 per cent from 68,995 units in December 2020.

The key highlight for the month was robust volume prints at Royal Enfield, sustenance of which could subside growth concerns at the Eicher Motors, ICICI Securities said in