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Royal Enfield Turns Eicher Into a Household Name; Potential Ducati Deal to Diversify Portfolio

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Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<h2><strong>New Competitors in Mid-Size Motorcycle Segment Ready to Give RE a Run for Their Money</strong></h2><p><a href="https://www.smartkarma.com/entities/3613" target="_blank" data-smartkarma-citation="entities:3613:1">Bajaj Auto Ltd (BJAUT IN)</a> launched its 373cc Dominar 400 in January 2017 and was met with immediate success though it was short-lived. Dominar’s release created a dent in RE’s sub-segment sales within the 350-500cc range where the latter’s market share fell to 54% in 1QFY2018 from 85% the previous year. Dominar unit sales numbered between 3,000 – 3,500 in the three months after its release but declined to 2,000…</p>

New Competitors in Mid-Size Motorcycle Segment Ready to Give RE a Run for Their MoneyBajaj Auto Ltd (BJAUT IN) launched its 373cc Dominar 400 in January 2017 and was met with immediate success though it was short-lived. Dominar’s release created a dent in RE’s sub-segment sales within the 350-500cc range where the latter’s market share fell to 54% in 1QFY2018 from 85% the previous year. Dominar unit sales numbered between 3,000 – 3,500 in the three months after its release but declined to 2,000…

Eicher to Stand the Test of New Competitors; Forays Into EVs With Intercity Buses