Eicher Motors Limited
LIC raised its stake in Eicher Motors Limited from 1.76% to 2.93% by purchasing 32,11,656 shares.
A leading Indian automobile manufacturer engaged in the design and production of middleweight motorcycles, commercial vehicles, and auto components. The company operates through its core motorcycle business and a joint venture with Sweden's AB Volvo for truck and bus manufacturing. Known for its dominant global position in the middleweight motorcycle segment and comprehensive commercial vehicle operations across India and international markets.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.