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Eicher Motors Edges Up On Launch Of Utility Vehicle

Updated: July 11, 2015 11:26 am

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.

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