Eicher Motors gains 3 per cent on robust sales figures

NEW DELHI: Shares of Eicher Motors rallied as much as 2.99 per cent in trade on Tuesday after the company reported a 65.87 per cent jump in total sales at 26,643 units in August.

The company's total sales in the corresponding month last year were at 16,062 units, it said in a BSE filing.

Domestic sales during the month stood at 26,121 units as against 15,708 units in the year-ago period, an increase of 66.29 per cent.

Exports for the month grew by 47.45 per cent to 522 units as against 354 units in the same month a year ago.

Total sales for the January-August period stood at 1,92,356 units, registering a growth of 81.44 per cent year-on-year.

In an interview to ET Now, Siddharth Lal, MD, Eicher Motors said "For us, the market is still supply-constraint. We have a long order book of many months of motorcycles."

The stock of Eicher Motors closed at Rs 10,224.25 up 1.45 per cent on the BSE. It hit a day high of Rs 10,380.00 and a day low Rs 10,101.10.