Eicher Motors Ltd (EICH.NS)
16 Mar 2018
Mon, Mar 12 2018
India's Eicher Motors Ltd said on Monday it is shutting down its joint venture with U.S.-based Polaris Industries Inc immediately, as sales failed to meet expectations after the initial success.
* Eicher Motors invested 2.90 bln rupees in JV (Adds details from statement, background)
March 12 India's Eicher Motors Ltd said on Monday it is shutting down its joint venture with U.S.'s Polaris Industries Inc effective immediately, after it failed to sustain its initial success.
* SAYS JV EICHER POLARIS PVT LTD PASSED RESOLUTION TO CLOSE OPERATIONS OF EPPL WITH IMMEDIATE EFFECT
* FEB MOTORCYCLES EXPORTS 1,723 UNITS , UP 1 PERCENT Source text - http://bit.ly/2HTw0RB Further company coverage:
* FEB EICHER TRUCKS AND BUSES TOTAL SALES OF 6,796 VEHICLES VERSUS 5,379 VEHICLES LAST YEAR
* JAN TOTAL MOTORCYCLES SALES OF 77878 UNITS, UP 31 PERCENT Source text - http://bit.ly/2nqIlE2 Further company coverage:
* JAN EICHER TRUCKS AND BUSES TOTAL SALES OF 6712 VEHICLES VERSUS 4,449 VEHICLES LAST YEAR
* DEC EICHER TRUCKS AND BUSES TOTAL SALES OF 5,955 VEHICLES VERSUS 3,946 VEHICLES LAST YEAR
* DEC TOTAL MOTORCYCLES SALES OF 66,968 UNITS, UP 17 PERCENT Source text: http://bit.ly/2Erb6rc Further company coverage: