Eicher Motors Share Price: Jefferies maintains buy rating with Rs 1,100 upside - Check new target

Eicher Motors Share Price Target 2025: Jefferies has maintained a Buy rating on Eicher Motors with a target price of Rs 8,000, citing strong sales growth, easing competition and opportunities in the mid-range motorcycle segment.

Competitive Pressure Eases

The company’s sales momentum has accelerated, with 14 per cent year-on-year growth in 2HFY25 and 23 per cent growth in 1HFY26. Competitive pressure from players such as Harley-Davidson and Triumph has reduced, allowing Royal Enfield to maintain dominance in the market. The company currently sells around 70,000 motorcycles per month, whereas other brands sell only 1,000–4,000 units monthly.

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Exports have also strengthened significantly, with a 64 per cent increase over the previous period. This demonstrates Royal Enfield’s growing presence in international markets and adds to its revenue base.

Opportunities in the 200–300cc Segment

In the 200–300cc segment, a significant market gap still exists. Jefferies suggests that Eicher Motors could benefit by introducing a new model below the Hunter range to capture this opportunity. The success of the Hunter 350 has already helped strengthen the company’s mid-range portfolio, enhancing its market share and profit potential.

Looking ahead, both market share and profitability outlook for the company have improved. Jefferies has raised Eicher Motors’ earnings per share (EPS) forecast for FY26–28 by 3–8 per cent, reflecting confidence in the company’s growth prospects.

Record September Sales

Royal Enfield achieved record monthly sales in September 2025, selling 1,24,328 motorcycles, the highest in the brand’s history. Domestic sales stood at 1,13,573 units, up 43 per cent from 79,325 units in September 2024. Exports reached 10,755 motorcycles, up 41 per cent from 7,653 units in the same month last year. Year-to-date, total sales reached 5,91,903 units, a 30 per cent increase from 4,54,780 units in the previous year.

Share Price Update

At the time of filing this report at 11 AM, Eicher Motors shares were trading at Rs 6,963.00, down Rs 2.00 or 0.029 per cent for the day.