Eicher Motors Limited has informed to the exchanges regarding strategic investment in, and plans for collaboration with European, high-performance electric motorcycle manufacturer Stark Future SL.
The parent company of Royal Enfield, Eicher Motors announced that the execution of the transaction documents has been completed and upon completion of conditions precedent, the transaction shall get duly closed.
‘This investment will pave way for collaborative research and development in electric motorcycles, technology sharing, technical licensing, and manufacturing’, the firm said in a statement on Friday.
At around 1:25 PM, Eicher Motors was trading at Rs3218.60 per share lower by 0.33% on the BSE.
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