Eicher Motors share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about Eicher Motors share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.
For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear for you, in this article we have mentioned Eicher Motors share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.
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Eicher Motors: Company Profile
Eicher Motors Limited (EML) is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. The world’s oldest motorcycle brand in continuous production, Royal Enfield has made its distinctive motorcycles since 1901. Focussed on bringing back simple, yet engaging and accessible motorcycling, Royal Enfield operates in India, and over 60 countries around the world with modern development facilities in Leicestershire, UK, and Chennai, India.
Royal Enfield makes its motorcycles in Chennai, Tamil Nadu for the world. Royal Enfield has evolved into an experiential brand. Royal Enfield with its motorcycle that combines modern-day elements with the brand’s heritage, garners immense enthusiasm amongst global motorcyclists.
In addition to motorcycles, Eicher has a joint venture with Sweden’s AB Volvo – Volvo Eicher Commercial Vehicles Limited (VECV) – has pioneered modernization of commercial vehicles in India and other developing countries. VECV has a complete range of trucks and buses from 4.9-55 tonnes, and its integrated manufacturing plant in Pithampur, Madhya Pradesh is the global hub for medium-duty five- and eight-liter engines for Volvo Group.
Royal Enfield also manufactures the Classic, Bullet, and Thunderbird models in 350 and 500cc displacement and the purpose-built adventure tourer – Himalayan, powered by the new LS410 engine. Royal Enfield operates through 18 company-operated stores and 850+ dealers in all major cities and towns in India, and exports to over 60 countries across the world including the USA, UK, several European and Latin American countries, as well as the Middle East and South-East Asia.
Share Holding Pattern
Royal Enfield Market Share In India
Eicher Motors Share Price Target 2022
During the year 2020-21, Royal Enfield sold 6,09,403 motorcycles, with the second half witnessing a very good pickup. Despite the pandemic and restrictions imposed by local lockdowns, we continued on our domestic expansion plans. With the launch of more than 100 dealerships and more than 430 studio format stores during the year, Royal Enfield now has an expansive retail footprint of 2,056 stores in India. With this, the company now has by far the largest premium motorcycle distribution network in India.
Going beyond just reach, these stores are arguably the most aspirational stores in many of the smaller towns that the company is present in, with a premium look and feel, superior in-store customer handling and connect seamless technology-enabled service, and parts availability. Launched in August 2019, our smaller format studio stores have expanded at a phenomenal rate, which is a testament to its success.
Eicher Motors continued to pursue its global ambitions with significant expansion of stores and retail touchpoints across several countries. During the year, Eicher motors rapidly expanded its presence and increased its exclusive stores count from 77 across 21 countries, to 132 exclusive stores across 26 countries. Eicher motors now have an extensive network of more than 750 retail touchpoints across 60+ countries, outside of India.
With a view to continually expanding its global presence into newer markets, Royal Enfield made its foray into Japan, with the launch of its first standalone, flagship store in Tokyo, last year. Japan being an important motorcycle market in the world, this is a significant move for the brand. The company also set up its first-ever completely knocked down unit – CKD – in Buenos. Eicher Motors share price target for 2022 is Rs 2,850.
|Eicher Motors share price target 2022|
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Eicher Motors Share Price Target 2023
Following its successful launch in India, Royal Enfield launched its super-refined all-new easy cruiser, the Meteor 350, in Thailand in November 2020 in a unique virtual hybrid event. Riders in Thailand have enjoyed the famous 650 Twins, and the new Meteor 350 will give them new means for pure motorcycling. The Meteor 350 launch here is part of the long-term strategy to cater to the rising demand for affordable leisure riding in the core middleweight segment.
The Meteor 350 was launched in the European market in December 2020. With the exceptional success of the 650 Twins and the Himalayan motorcycles, Royal Enfield has a proven track record in carving out new segments within the European motorcycling market. The Meteor 350 is geared to build on this success. Targeted at city commuters and weekend cruisers, small capacity upgraders and returning riders, students, first-timers, and experienced bikers, it further strengthens Royal Enfield’s reputation of building motorcycles that are appealing, accessible, and approachable for a broad demographic.
Taking forward the global ambition, the Meteor 350 was launched in Australia and New Zealand in January 2021, followed by the Philippines in March 2021. These are key markets for Royal Enfield in the Asia-Pacific region where a huge new audience of commuters is upgrading to Royal Enfield’s robust long-distance leisure riding experience. Eicher Motors is aggressively expanding its business into new countries with new launches every year. By considering the opportunities the company has to grow its business in the future, Eicher Motors share price target for 2023 is Rs 3,220.
|Eicher Motors share price target 2023|
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Eicher Motors Share Price Target 2024
A wide sales and after-sales network are critical to support global customers for ease of purchase and servicing requirements. Royal Enfield is catering to this by significantly increasing its global network to 766 touchpoints in FY 2020-21, including 132 (77 in FY 2019-20) exclusive stores, 634 multi-brand outlets.
The overall footprint of Royal Enfield in the region of South-East Asia with Japan foray has increased to 123 locations, with Thailand witnessing significant expansion. With growing rental demand in the region, Royal Enfield has been tying up with leading rental partners to provide motorcycle enthusiasts an opportunity to explore scenic locales. Considering the brand value of Eicher motors and urbanization will drive more growth for Eicher motors, by considering all these factors, Eicher Motors share price target for 2024 is Rs 3,480.
|Eicher Motors share price target 2024|
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Eicher Motors Share Price Target 2025
Royal Enfield began a new journey with its foray into Japan and the opening of its first standalone, flagship store in Tokyo. Located in the Suginami ward of Tokyo, the storehouses a complete suite of offerings and provides unique Royal Enfield experiences to introduce enthusiasts to the world of pure motorcycling. Japan is one of the most iconic automobile markets with an evolved motorcycling ecosystem and a matured riding culture. Royal Enfield’s evocative and accessible motorcycles are a perfect getaway for a huge commuter base seeking out real adventures and experiences.
Europe, the largest market for Royal Enfield outside of India, has the biggest overseas network for the Company with a total of 420 retail stores including 36 exclusive stores. Strategic measures are being implemented in cities with high potential. The quality and quantity of retail networks across the continent are being enhanced through successful conversions of bigger, better-quality dealers. This was supplemented by setting up 36 exclusive stores in FY 2020-21.
The Americas region is a high-potential market for Royal Enfield, with strong and sustained volume growth. The focus is on improving the network, which stood at 49 exclusive stores and over 170 dealers in FY 2020-21. Royal Enfield entered the Mexico market in July 2020 and now has 7 exclusive stores there. To cater to the growing demand and to gain market advantage, Royal Enfield opened a completely knocked-down assembly unit (CKD) in Argentina with its distributor in the region, Grupo Simpa, for local assembly. The event was graced by Alberto Fernández, President of Argentina.
This is the first time in Royal Enfield’s modern history that motorcycles are being assembled and produced outside India. Based at Grupo Simpa’s facility in Campana, Buenos Aires, the unit has already assembled over 1,000 Royal Enfield motorcycles. In international markets, Royal Enfield recorded a good performance despite the limitations placed at the beginning of the year. The total export volume was at 35,675 motorcycles in 2020-21, a decline of 8% from 38,662 motorcycles in 2019-20.
North America and Latin America witnessed a growth in the sales volume for the year. Quick recovery in demand, the launch of Meteor 350, and expansion of the distribution network helped your Company register a 50% growth in its export volume in the second half of the year over the same period in 2019-20. Eicher Motors’ focus on growing international business has resulted in an increase in the share of export volume to 5.9% in 2020-21 from 5.5% in 2019-20. By considering these factors, Eicher Motors share price target for 2025 is Rs 3,830.
|Eicher Motors share price target 2025|
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Eicher Motors Share Price Target 2030
Eicher Trucks and Buses (ETB) has achieved sales of 40,203 (including 15 units of Volvo Buses sold in FY 2020-21) units in the financial year 2020-21 as compared to 47,614 units in the financial year 2019-20, a decline of 15.6%. On the exports front, ETB has sold 5,025 units in the financial year 2020-21, as compared to 4,568 units in the financial year 2019-20, a growth of 10%.
Light Medium Duty (LMD) trucks (5 – 15T) market share improved from 29.8% to 30.6% in the financial year 2020-21, Heavy Duty trucks market share for VECV (Eicher and Volvo) achieved an all-time high of 7.9% in the financial year 2020-21. In the bus segment, the LMD bus market share improved from 20.4% to 24.9%. On the quality front, significant improvements were made in the roll-out quality of vehicles.
The CV industry has started growing however, the bus industry remained depressed due to school not opening in full swing, work from home advisories, and limited travel due to the continued Covid-19 situation. 1,605 Eicher brand buses were delivered through the bus plant in the financial year 2020-21 as compared to 3,473 in the financial year 2019-20, a decline of 54%.
New products including the Skyline Pro with a wider body and a 72-seater school bus was launched to cater to an emerging segment. A 20.15 LHD with new facia and other improvements was developed for the Middle East market. Additionally, Skyline Pro LHD has also been established in international markets, which will enhance the volume in the Middle East and Africa region.
The Company recorded exports of 5,025 units of trucks and buses during the financial year 2020-21 as against 4,568 vehicles in the financial year 2019-20. Though the industry drop was 28.9%, VECV registered a 10% growth in overall volumes along with an increase in market shares across all regions of South Asia, Africa, the Middle East, and ASEAN. Introduction of new products and variants, the opening of new markets and segment-focused digital marketing helped shore up volumes despite a drop in industry. Twenty-six new market-specific products and variants were introduced in new generation Pro2000, Pro3000, Pro6000 trucks, and Skyline bus range.
Eicher Motors has a lot of scope and opportunities to grow in this business segment in the coming years, by considering all these factors and analysis, Eicher Motors share price target for 2030 is Rs 7,200.
|Eicher Motors share price target 2030|
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Eicher Motors Share Price Target 2022, 2023, 2024, 2025, and 2030
|Year||Eicher Motors Share Price Target|
|Eicher Motors share price target 2022||Rs 2,850|
|Eicher Motors share price target 2023||Rs 3,120|
|Eicher Motors share price target 2024||Rs 3,480|
|Eicher Motors share price target 2025||Rs 3,830|
|Eicher Motors share price target 2030||Rs 7,200|
Frequently Asked Questions
Is it good to invest in Eicher Motors?
Yes, it is good to invest in Eicher Motors. The company has been maintaining a healthy ROE of 24% over the past 3 years, maintaining a healthy ROCE of 33% over the past 3 years, Eicher Motors is also maintaining an effective average operating margin of 26% in the last 5 years, and the company has a healthy liquidity position with the current ratio of 3.60.
Can I buy Eicher Motors share?
Yes, you can buy Eicher Motors shares for the long term. Eicher Motors company is one of the oldest companies in the two-wheeler segment with a history of more than 120 years. Eicher Motors is also very strong in terms of finances and fundamentals with a strong foundation.
Is Eicher debt-free?
Eicher is a virtually debt-free company. The company has no debt at all.