Royal Enfield Ka Jalwa Jaari!
Eicher Motors ka Royal Enfield business toh aajkal full form mein chal raha hai! January 2026 mein company ne total 104,322 bikes bechi hain, jo pichle saal ke 91,132 units ke comparison mein 14.5% zyada hai. Analysts ko 102,100 units ki umeed thi, lekin company ne sabko piche chhod diya. India mein toh demand aisi hai ki domestic sales 16% badhkar 93,781 ho gayi, jabki exports bhi 5% badhkar 10,541 units tak pahunch gaye.
Is quarter mein 350cc se kam wale bikes ki sales toh 18% tej hui hai, aur 350cc se badi bikes bhi 8.06% zyada bikin hain. Aur kya bolun, company ne toh is financial year mein 10 Lakh (1 million) se zyada bikes bech kar ek aur bada milestone paar kar liya hai! Ye pichle saal ke compare mein 25% ka zabardast jump hai, aur exports mein bhi 1 Lakh unit cross kar gaye hain.
Commercial Vehicles Bhi Pichhe Nahi!
Sirf bikes hi nahi, Eicher Motors ka commercial vehicle wala business, VE Commercial Vehicles Limited (VECV) bhi full speed mein hai. January 2026 mein VECV ne total 10,601 vehicles bechi hain, jo pichle saal se 24.9% zyada hai. Domestic sales 23.6% badhi hai, aur exports mein toh dhamaal mach gaya, 55.8% ka growth dikhaya hai, khaas kar light aur medium duty trucks aur buses mein.
Market Mein Kya Chal Raha Hai?
Overall auto sector bhi 2026 ki shuruat zoron shoron se kar raha hai. Passenger vehicles ki sales bhi 11% se zyada badhi hai. Lekin bhai, competition bhi badh raha hai. Bajaj Auto ne abhi KTM 390 Adventure R launch kiya hai, jo seedha Royal Enfield ke Himalayan 450 ko takkar dega. Ismein advanced suspension aur electronics hain, jo premium segment mein Eicher ko challenge karega.
Stock Ka Kya Scene Hai?
Eicher Motors ki market cap lagbhag ₹1.90 lakh crore ke aas paas hai. Iska P/E ratio 37.4x (TTM) ke aas paas chal raha hai. Stock price February 2026 mein ₹6,861 se ₹7,122.50 ke beech mein fluctuate kar raha hai. Halanki haal mein thoda gira hai, lekin long-term mein isne investors ko bahut badhiya returns diye hain. Kuch analysts ne target ₹7,650 diya hai, jabki Geojit BNP Paribas ne ise 'Hold' rating dekar target ₹8,122.0 rakha hai.
Ek Chhota Issue Bhi Hai
Ek taraf yeh sab achhi khabar hai, wahi Eicher Motors ki subsidiary VE Commercial Vehicles ko GST department se ₹192.36 crore ka demand notice mila tha, jo baad mein ₹96.18 crore plus penalty ho gaya. Yeh 2017-18 ke liye credit note reporting mein deri se juda hai. Dekhte hain iska company par kitna asar padta hai.