Playing devil’s advocate :
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Brand loyalty : I used to think the same but recently I joined the r/indiabikes, the biggest Indian bikes reddit sub. Opinions on RE are mixed at best, so brand factor may not be as strong as we thought.
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New engines : No comments.
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Exports : India is the biggest growth market. A lot of overseas markets ( such as US) are pretty stable, i.e no growth in motorcycle market. This means RE has to dislodge incumbents to gain lead. Not sure how well it can do that. And even if it does, the TAM( guessing) would be smaller compared to India.
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Accessories : I doubt accessory business would do well if sales are not doing well, it’s called accessory for a reason after all.
Disc : Eicher is a small part of my portfolio, was looking to add more on corrections, but now I’m thinking maybe I should wait for the results. All said I agree with you guys that long term RE will likely out execute others.
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