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Eicher Motors and Hero MotoCorp shares slide up to 6% on August sales

Eicher Motors and Hero MotoCorp shares fell up to 6% amid selling pressure following August sales data. The decline was attributed to weaker export dispatches and modest channel-filling, despite resilient domestic demand.

EICHERMOTHEROMOTOCO

Automobile heavyweights Eicher Motors and Hero MotoCorp shares fell up to 6 per cent on Wednesday amid selling pressure driven by a combination of macroeconomic and industry-wide factors.“Even though domestic demand remains resilient, a sharp drop in export dispatches and modest channel-filling ahe…