The Eicher Motors stock gained 4 per cent in trade on hopes that the exit of Harley Davidson from the Indian market, gradual recovery and launches will help the company gain market share in the premium motorcycle market. The firm is also expanding its global manufacturing presence and has recently announced an assembly plant in Thailand.
While the exit of Harley Davidson is positive, the near-term trigger would be a recovery in volumes. While volumes for August were 5 per cent lower as compared to last year, they were higher by 24 per cent, on a sequential basis. Analysts highlight ...
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