Monday, 1 August 2011

Eicher Motors ups prices in July; no further hike seen



Commercial vehicle maker Eicher Motors Ltd has increased price by 1-2 per cent across categories in July and has no immediate plans of a further hike, Chief Financial OfficerLalit Malik said. 

Eicher Motors earlier in the day reported a 31 per cent rise in June-quarter net profit. 

In June, sales of trucks and buses, a key barometer of economic health, rose 17.8 per cent to 62,009 vehicles in June, industry data showed.

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