Eicher Motor Dec sales down 20% to 4,032 units

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.
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Jan 01, 2013, 05.28 PM | Source: Moneycontrol.com

Eicher Motor Dec sales down 20% to 4,032 units

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.

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Eicher Motor Dec sales down 20% to 4,032 units

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.

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Moneycontrol Bureau

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 May 25, 2016, Eicher Motors closed at Rs 18525.40, up Rs 349.75, or 1.92 percent. The 52-week high of the share was Rs 21618.30 and the 52-week low was Rs 14817.75.


The company's trailing 12-month (TTM) EPS was at Rs 374.19 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 49.51. The latest book value of the company is Rs 906.96 per share. At current value, the price-to-book value of the company is 20.43.

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Eicher Motor Dec sales down 20% to 4,032 units

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