Goldman Sachs has maintained its “Buy” rating on Eicher Motors while raising the target price to ₹5,900 from ₹5,400, implying a 19.1% upside from the current market price of ₹4,953.00.
The brokerage cited strong product launch momentum, offering upside optionality, and expects multiple product events over the next 12 months across the 350cc, 450cc, and 650cc portfolios. Additionally, a pickup in export volumes, where margins and average selling prices (ASP) are superior to domestic business, is likely to drive growth further.
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