Eicher Motors Stock Rises Amid Royal Enfield Reflector Recall
Eicher Motors Recall Announcement
Eicher Motors Limited has announced a recall of a batch of Royal Enfield motorcycles regarding reflectors not meeting required standards. The company disclosed that motorcycles manufactured between November 2022 and March 2023 may possess rear and/or side reflectors that fall short of acceptable reflective performance.
Details of the Recall
- Free Replacement: Eicher Motors is providing free replacements for affected customers globally.
- Phased Implementation: The recall will begin in markets such as South Korea, the USA, and Canada, before extending to India and beyond.
- Impact on Shares: Following the recall announcement, Eicher Motors shares closed at ₹5,059.60, a 1.31% increase.
Next Steps for Owners
Royal Enfield’s service teams will contact owners whose motorcycles require replacement, ensuring a smooth process that only takes approximately 15 minutes. Eicher Motors emphasizes its proactive stance, despite the issue being reported in a minimal sample size.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.