Eicher Motors skids 6% following weak December sales

The stock dipped 6 per cent to Rs 21,792 after the company reported 13 per cent Y-o-Y decline in total sales of 58,278 units in December.

Eicher Motors has dipped 6 per cent to Rs 21,792 on the BSE after Royal Enfield (RE), the motorcycle franchise owned by the company, reported a 13 per cent year-on-year (Y-o-Y) decline in total sales at 58,278 units in December 2018. It had sold 66,968 motorcycles during the same month last year. On a month-on-month basis, the volume declined by 11 per cent. It sold 65,744 motorcycles in November 2018.

Sales of RE’s 350cc motorcycles, including the Classic 350, fell 15 per cent to 53,790 units. Sales of models with engine capacity up to 500cc, including the Himalayan and