Blue Chip Auto Stock Coming With Rs. 70 Dividend: Buy Eicher Motors Before August 1 Set As Record Date?

Indian automaker Eicher Motors Limited (EML) is best known for its Royal Enfield motorbikes and VE Commercial Vehicles (VECV), a joint venture with Volvo. The record date for the large-cap blue-chip auto stock's forthcoming, substantial dividend of Rs 70 per share, which the Board of Directors has proposed for the fiscal year 2024-2025, has been announced.

Eicher Motors Dividend

For the purpose of dividend of Rs. 70/- per equity share of face value of Re. 1/- each, as recommended by the Board of Directors for the financial year 2024-25, the company informed about the record date as mentioned below.

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Company has fixed Friday, August 1, 2025 as the Record Date for determining the eligibility of the shareholders for payment of Dividend for the financial year 2024-25, subject to approval of Dividend by the Members at the aforesaid Annual General Meeting," said Eicher Motors in a stock exchange filing on Monday.

The 43rd Annual General Meeting of the company will be held on Thursday, August 21, 2025.

Eicher Motors Q1FY26 Business Update

According to Eicher Motors Limited's June 2025 sales numbers, all of its motorcycle segments saw a substantial year-on-year increase. The firm sold 89,540 motorcycles in June 2025, up 22% from 73,141 units sold in June 2024, according to data provided to the Society of Indian Automobile Manufacturers (SIAM). With 76,680 units sold, models with engine sizes up to 350cc accounted for the majority of sales, representing a robust rise of 25% over the 61,465 units sold in the same month the previous year. Meanwhile, sales of motorcycles with engines higher than 350cc increased by 10% to 12,860 units from 11,676 units in June 2024.

Eicher Motors' cumulative sales for the first quarter of FY26 (April-June 2025) were 2,65,528 units, a rise of 17% over the 2,26,907 units sold during the same time the previous year. Notably, overseas sales increased 79% YoY to 12,583 units in June 2025 and a staggering 65% in the quarter to 36,749 pieces, demonstrating the excellent success in international operations.

Eicher Motors Share Price Target

"Eicher Motors remains in a strong bullish trend, trading near its recent highs. Resistance lies at ₹5,750, and a breakout may push it toward ₹5,900. Key support is at ₹5,500. The stock is holding above all major moving averages, and momentum indicators support further upside. Buy-on-dips remains the preferred strategy," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.