Eicher Motors shares rise 6% on profit beat and expansion plans
pre-market1 source ↓written by the desknot a recommendation
- to ₹7
- 6.5%
- after reporting
- 11 Feb 2025
- investment to expand
- ₹958 cr
- which rose
- 1.9%
Shares of Eicher Motors surged 6.5% to ₹7,767.5 on 11 Feb 2025 after reporting stronger-than-expected quarterly earnings driven by robust demand for Royal Enfield motorcycles. The company announced a ₹958 cr investment to expand capacity at its Tamil Nadu facility, increasing production from 1.46 million to 2 million units. This move signals confidence in the premium motorcycle segment and positively impacted the auto index, which rose 1.9%.
Not investment advice. For informational purposes only.