Eroad stock jumps 25% after update on road user charges

One of the in-vehicle telematics devices provided by Eroad. (Image: Eroad)

Thu, 07 Aug 2025

The share price for telematics and fleet management provider Eroad has reached a three-year high off the back of a Government announcement on transitioning the light vehicle fleet to road user charges.The dual-listed company was trading at around $1.55 on the NZX on Wednesday afternoon, not long after Transport Minister Chris Bishop provided an update about moving the light vehicle fleet off fuel excise duties.As of 1pm on Thursday, the stock had appreciated to $2.00, up 25% since trading opened. Ellerston Capital, an Australian investment...

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