<ul><li>Eicher Motors' renewed growth focus over margins has enthused investors and analysts.</li><li>The company has shifted its focus from EBITDA margins towards higher sales growth.</li><li>Nomura upgraded the company to a 'neutral' and raised target price to Rs 4,391 from Rs 4,102 earlier.</li><li>Inventory correction due to Diwali sales led to higher sales growth for Eicher Motors.</li><li>Industry-wide festive retails were up 6-7% YoY, while Royal Enfield's was up 26%.</li><li>Emkay has upgraded the company to a 'buy' with target price of Rs 5,300 from Rs 3,750 earlier.</li><li>New launches like Classic 350, Classic 650 and Bear 650 have helped increase sales.</li><li>Eicher is partnering with Triumph and Harley Davidson to introduce Speed 400, Scrambler and 440x motorcycles.</li><li>Jefferies maintained their 'buy' rating with a target price of Rs 5,500.</li><li>Increased marketing activities and improved supplies aided the strong festive sales of Eicher Motors.</li></ul>

Eicher Motors' Strategy Pivot Boosts Stock As Analysts Raise Target Price

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