Eicher Motors: Strong Q2 Revenue, Analyst Retains 'HOLD' with Revised Target Price

Overview

Prabhudas Lilladher's report highlights Eicher Motors' record Q2FY26 revenue of Rs61.7bn, up 44.8% year-on-year, exceeding expectations. The company anticipates continued H2 growth from strong demand and new products. The brokerage maintains a 'HOLD' rating, adjusting its target price to Rs6,840, valuing its core business and VECV division separately.