VE Commercial Vehicles, a joint venture between Eicher Motor and Volvo Group, reported a 20 percent decline in sales in December at 4,032 units, as sluggish demand especially for medium and heavy trucks continues to hurt CV makers.
VE Commercial Vehicles, a joint venture between Eicher Motor and Volvo Group, reported a 20 percent decline in sales in December at 4,032 units, as sluggish demand, especially for medium and heavy trucks, continues to hurt CV makers.
The company sold 3,598 units in the domestic market last month, down 20 percent, while exports slipped 19 percent to 434 units.
VECV's light to medium duty truck sales fell 23 percent to 2,474 units in the domestic market, while heavy truck sales slumped 28 percent to 678 units.
Year-to-date the company has totally sold 48,262 units, slightly lower than the 48,337 units it sold a year ago.
Eicher Motor shares closed at Rs 2,923.05, up 0.6 percent on NSE on Tuesday.
Eicher Motors stock price
On November 27, 2015, Eicher Motors closed at Rs 16567.95, up Rs 53.65, or 0.32 percent. The 52-week high of the share was Rs 21618.30 and the 52-week low was Rs 13725.00.
The company's trailing 12-month (TTM) EPS was at Rs 276.17 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 59.99. The latest book value of the company is Rs 454.53 per share. At current value, the price-to-book value of the company is 36.45.
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