On Monday, Royal Enfield manufacturer Eicher Motors’ share price gained 2% after the auto business stated better sales for June.

Total sales of VE Commercial Vehicles Limited (VECV), a joint venture between the Volvo Group and Eicher Motors, were up 6.5% at 6,715 units from 6,307 vehicles in the year-ago period.

The domestic sales for VECV rose 12.4% at 6,277 units from 5,584 vehicles, but exports plunged 58.4% to 250 units against 601 units in the year-ago period.

The Eicher Royal Enfield motorcycles sales mounted 26% at 77,109 units in June 2023 against 61,407 bikes YoY.
The models’ sales with engine capacity of up to 350cc rose 36% at 68,664 units, while motorcycles surpassing 350cc were down 23% at 8,445 units.

Exports fell 14% at 9,614 units from 11,142 YoY.
At 9:32 am, Eicher Motors was trading at Rs 3,663.20, up Rs 80.75, or 2.25%, on the BSE.

The share moved a 52-week high of Rs 3,886 on November 1, 2022, and a 52-week low of Rs 2,745.35 on July 4, 2022. It trades 5.73% below its 52-week high and 33.43% above its 52-week low.