Royal Enfield's Siddhartha Lal's reappointment as MD denied by shareholders cartoq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cartoq.com Daily Mail and Mail on Sunday newspapers.
In the last five sessions, shares of Eicher Motors, which produces these motorcycles, have fallen nearly 9 per cent. The company recorded a superlative sales growth in the first few years of the last decade, thanks to new designs, product launches and the rising purchasing power of the middle class.
RIL share price: Market Movers: Aramco deal buzz lifts RIL; Eicher slides over leadership worries indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Mumbai: Eicher Motors has announced that chief executive officer of Royal Enfield, Vinod K Dasari, has stepped down from the company. Dasari has also resigned as executive director of the board of Eicher Motors. The resignation will come into effect from 13 August.
The companys consolidated total revenue from operations surged 141 per cent year-on-year to Rs. 1,974.30 crore for the reported quarter, which was higher than analysts estimate.