Whalesbook
Toh bhai log, yeh ₹2,500 Crore ka deal sirf production badhane ke liye nahi hai. Royal Enfield ki current capacity saal mein lagbhag 14.6 lakh bikes ki hai, jo abhi full capacity par chal rahi hai. Aur haan, Tamil Nadu mein Cheyyar plant mein bhi ₹958 Crore ka expansion chal raha hai, jisse total capacity 20 lakh units tak pahunch jayegi. Lekin yeh Andhra Pradesh wala plant ek strategic move hai. Isse company risk kam karegi, alag-alag locations par manufacturing hogi, aur future demand ke liye bhi ready rahenge.
Is ₹2,500 Crore ke investment ki khabar aate hi Eicher Motors ka stock, jo 15th May 2026 ko ₹7,014.50 ke aas-paas tha, usme bhi reaction dekhne ko mila. Yeh naya Tada plant Cheyyar expansion ke saath milkar company ko aur mazboot banayega. Investment phased tarike se hoga, matlab dheere-dheere paisa lagaya jayega, market ki demand ke hisaab se. Company ne FY2026 mein 1.2 million se zyada bikes bechi hain, jo 23% ka zabardast jump hai!
Indian two-wheeler market toh waise bhi grow kar raha hai. Royal Enfield premium segment mein toh king hai hi. Baaki competitors jaise Bajaj Auto (Triumph ke saath), Hero MotoCorp (Harley-Davidson X440 ke saath), aur Honda (CB350) bhi apne naye models laa rahe hain. TVS aur Bajaj bhi apni capacity badha rahe hain. Ye Andhra Pradesh wala plant company ke liye ek acha diversification hai, supply chain ko secure karne mein madad karega.
Abhi sab kuch acha lag raha hai, lekin kuch cheezein dhyan rakhne wali hain. Eicher Motors ka valuation thoda high hai, P/E ratio lagbhag 35.97-41.56 ke beech hai, industry average 29.85 se zyada. Matlab market ko future mein bahut growth ki umeed hai. Agar growth slow hui toh stock mein volatility aa sakti hai. Kuch experts jaise Motilal Oswal ne Q3 FY26 results ke baad 'sell' rating bhi di thi, revenue badhne ke bawajood earnings growth slow hone ki wajah se.
Phir bhi, zyadaatar analysts 'Buy' ki salah de rahe hain Eicher Motors ke liye. Unka average price target 1-year ke liye ₹7,900 ke aas-paas hai, matlab abhi se 8-10% ka upside mil sakta hai. Price targets ₹6,500 se lekar ₹9,694 tak hain. FY2026 ki strong performance aur yeh naye plants future growth ko support karenge. Company apna leadership maintain karne ki poori koshish mein hai.