Shares in Eicher Motors gained after the Economic Times reported that the company was closer to completing a deal for Ducati.
Shares in Eicher Motors were last seen trading at Rs 32,618 up 2 per cent in trade. Check stock quote of Eicher
Eicher Motors already manufactures the iconic Enfield range of bikes and the bid for the Italian Ducati is said to be in a range of $1.8 billion to $2 billion. Ducati is presently controlled by Audi and there have been various bids for Ducati from some of the prestigious players in the auto business.
On the other hand, Eicher's Royal Enfield is the oldest motorcycle brand in continuous production world-wide. The last one decade has seen phenomenal growth of the Royal Enfield and the company is charting its course to be the leading player in the mid-sized motorcycle segment globally.
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