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Report: Eicher Motors halts joint venture with Polaris

Eicher Motors, which produces Royal Enfield Motorcycles, announced the end of a joint venture project with Polaris, according to a report from Reuters. 

The equal venture, Eicher Polaris Pvt Ltd, was formed in 2012 to a personal utility vehicle line called Multix. After reporting a net loss of 918.3 million rupees ($14.13 million) for the year through March 31, Eicher Motors decided to end the joint venture.

Eicher motors will continue to provide service support for the Multix.

To read the full report, click here

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