Eicher Motors' sales momentum has accelerated, with 14% year-on-year growth in 2HFY25 and 23% growth in 1HFY26.
Competitive pressure from players like Harley-Davidson and Triumph has reduced, allowing Royal Enfield to maintain dominance in the market, selling around 70,000 motorcycles per month.
Jefferies has maintained a Buy rating on Eicher Motors with a target price of Rs 8,000, citing strong sales growth, easing competition, and opportunities in the mid-range motorcycle segment.
Royal Enfield’s growing presence in international markets adds to its revenue base.
Author's summary: Eicher Motors' share price target is set at Rs 8,000 by Jefferies.