Launch of new Royal Enfield may help Eicher to grow: Analysts

The popular motorbike is expected to beat peers in the domestic market in FY22

Topics
Royal Enfield | Eicher | Motorcycle makers

Ram Prasad Sahu  |  Mumbai 

Strong volume growth led by new launches, steps taken to ease supply side constraints and ability to maintain margins are positives for Eicher Motors heading into FY22. While exports at 6 per cent still constitute a small portion of its overall volumes, the company believes there is opportunity for mid-sized bikes overseas.

The company, in February, registered a growth of 94 per cent in exports. Post the success of the 650cc twins, the company is looking at increasing its share with new launches in key markets. It is targeting a 10 per cent share in the export markets and has crossed ...

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First Published: Tue, March 16 2021. 20:03 IST
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