After a weak Q4, forecast of an uphill ride hits Eicher Motors’ valuations
Initially, there was hope that the premium motorcycle segment will be insulated from the general weakness in demand for two-wheelers
In the March quarter, motorcycle sales fell 13% year-on-year. But revenues declined only 1.2%, thanks to higher realizations
Eicher Motors Ltd’s shares have declined by 5.5% since it announced the March quarter results. The company’s shares are now down by more than 37% in the past one year. Sales of its flagship Royal Enfield motorcycles have now declined for four consecutive months.
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