Eicher Motors Edges Up On Launch Of Utility Vehicle

Shares of Eicher Motors have inched up by nearly 2% to Rs 19,514 on the Bombay Stock Exchange (BSE) after Eicher Polaris, a 50:50 joint venture between Eicher Motors and Polarish Industries launched a compact utility vehicle Multix (India’s first personal utility vehicle) for Rs 232,850. Multix is a purpose-built and particularly designed personal utility vehicle focused at independent businessmen. The vehicle, which saw a combined investment of Rs 350 crore, promises to deliver 28.45 kmpl.