Moneycontrol BureauEicher Motors has no intention of moving down the value chain to lower engine capacities for its Royal Enfield brand of motorcycles and having to compete with the more mass market players, the company said at an investor summit hosted by Morgan Stanley.The company said it plans to grow its volumes even while maintaining its niche position, and is focussed on customers looking to buy motorbikes with more than 150 cc engine capacity.Also, the company has no plans to work on electric bikes as it feels they may not work in India.Eicher Motors has maintained its volume target of 6.75 lakh units for 2016-17, and plans to sell 9 lakh units by 2018-19. Excerpts from the Morgan Stanley report:* Waiting period continues to be about 3-4 months for the Classic 350 and the Himalayan, though it is down to about a month for other products. * Overall order backlog remains close to 3 months. Eicher reiterated that new orders continue to exceed deliveries by a margin.* Same-store sales continue to grow 15 percent YoY for the company. * The company has 500 dealers and intends to add another 100 dealerships in 2016.
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