Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Eicher Motors Limited ( (IN:EICHERMOT) ) has issued an announcement.
Royal Enfield, a division of Eicher Motors Limited, announced a significant price reduction on its entire 350cc motorcycle range, passing the full GST benefit to customers. This move, following recent GST reforms, aims to make Royal Enfield motorcycles more accessible, particularly to first-time buyers, and is expected to bolster the two-wheeler industry in India. The price reduction reflects Royal Enfield’s commitment to offering a pure motorcycling experience and is likely to enhance its market positioning by attracting a broader community of riding enthusiasts.
More about Eicher Motors Limited
Eicher Motors Limited is a prominent player in the mid-size motorcycle industry, with its Royal Enfield brand being a global leader in this segment. Established in 1901, Royal Enfield has a rich heritage of producing aspirational and high-quality motorcycles. The brand is known for its iconic models like the Bullet 350 and Classic 350, and it operates through an extensive network of over 2000 stores in India and 850 stores worldwide. Royal Enfield also engages a passionate community of riders through events like Motoverse and Himalayan Odyssey.
Average Trading Volume: 19,672
Technical Sentiment Signal: Buy
Current Market Cap: 1805.1B INR
For an in-depth examination of EICHERMOT stock, go to TipRanks’ Overview page.