Eicher Motors shares dip 5% on disappointing November sales data

The company recorded an 8 per cent drop in total two-wheeler sales at 60,411 units in November 2019.

Shares of Eicher Motors dipped 5 per cent to Rs 21,853 intra-day on BSE on Monday as investors booked profit after the company reported disappointing motorcycle sales in November 2019.

The company that manufactures the iconic Royal Enfield (RE) brand of motorcycles which leads the premium motorcycle segment in India recorded 8 per cent drop in total two-wheeler sales at 60,411 units in November 2019. The company had sold 65,744 units in the same month last year.

The company has sold 56,204 models with engine capacity upto 350cc in November 2019, a drop of 9 per cent year