With the government reducing Goods and Services Tax (GST) on two-wheelers with engines up to 350cc from 28% to 18%, manufacturers are recalibrating their product strategies to intensify launches in the 300-350cc segment, industry executives said. Companies like Hero MotoCorp, Royal Enfield, Honda Motorcycle & Scooter India and Bajaj Auto are all accelerating their efforts […]
After being 22% risen in the past month, Eicher Motors, the maker of Royal Enfield, was able to collect himself further, said Bank of America Securities. While retaining his purchase call on the shares, the broker has increased the target price to RS 7,500 (from RS 6,300), which implies an upward potential of almost 10%. […]