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Eicher Motors Ltd. posted a weak margin efficiency in Q3. Ebitda margin contracted by 31 foundation factors QoQ to 23% on account of adversarial product combine and worth safety for patrons for Hunter 350 in Q3. Value enhance of Hunter (1.5%) and full profit softening commodity costs will movement from This fall and can assist in growth of Ebitda margin.
We count on the grand success of Hunter 350 will assist in gaining market share in rural and concrete house and can present a lot wanted enhance to small studio shops quantity.
It should additionally assist to speed up the amount of export (will probably be used as an entry stage bike for the worldwide market).
We retain our optimistic view on Eicher Motors on account of its management within the two-wheeler premium section, robust product pipeline and community growth.
Over the previous few quarters, Eicher’s effort on new product launches, strengthening dealership community and margin restoration is spectacular.
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