InvestorQ : Why has Eicher Motors touched a 4 year high?
Lavanya Subramanian made post

Why has Eicher Motors touched a 4 year high?

Anamika Sodhani answered.
3 weeks ago

Eicher Motors, which makes the iconic Royal Enfield motorcycles, has recently scaled a 4-year high of Rs3,179 per share. This is largely on the back of healthy demand outlook, fall in input costs, moderation of the microchip problem and hopes of pick up in demand in the coming quarters. There are also expectations of new launches in festive season.

For June 2022, its total motorcycles sales soared 43% to 61,407 units. The good news is that supply constraints having eased considerably and waiting period is down. Its forthcoming Hunter350cc, will be deftly positioned between the Classic 350 and the iconic Bullet 350.