Eicher Motors' share price fell over 5% following an 8% drop in Royal Enfield motorcycle sales in July 2024, with units sold declining to 67,265 from 73,117 year-on-year. Exports also dipped 14% to 6,057 units.
Sales of models up to 350cc fell 12%, while those above 350cc grew 22%. Conversely, Eicher's commercial vehicle sales rose 12.7% to 6,622 units. Despite the GST demand reduction from ₹129.79 crore to ₹26.97 crore, Eicher Motors plans to appeal. The stock has gained over 14% year-to-date, but dropped to ₹4,717.80 on Friday.