6 hours Ago By Moneycontrol
Eicher Motors share price dropped up to 3 percent on April 23 as the government plans to cut import duties on Harley-Davidson and other high-end bikes. According to a Bloomberg report, the government is considering cutting duties on high-end motorcycles in the 705 cc and above category to zero. Eicher Motors shares reacted sharply to the development as the entry of high-end Harley-Davidson bikes many compete with Bullet motorcycles of Royal Enfield.
Eicher is the parent company of Royal Enfield. Stock of the company dropped 3.09 percent to an intraday low of Rs 5,605.
5 per share on the NSE. The stock has been losing for the last two days. Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management.
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