Buy Eicher Motors on every correction, says Dipan Mehta

Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "First a disclosure that we and our clients own shares of Eicher Motors and it is ironic that the day the Bajaj Auto is launching competition for Eicher Motors' product. Eicher Motors has hit an all time high and if you have been following Eicher Motors, clearly Royal Enfield is such a big hit with the Indian market and the way they are doing the volumes and the way they are getting more and more users in place moving up, the value chain clearly is getting reflected in the performance of the company.""It is an inspirational product and given that we are going to see an improved monsoon having an effect on consumer demand as far as the seventh pay commission this company remains another major beneficiaries of those trends. Also there is the possibility that there could be upsides from the export market which they are going about building in a slow and steady manner," he said."So, my sense is that a company like Eicher Motors could be acquired at every correction and one should remain invested for a long period of time to get the full fruits of the kind of products and the performance that the company is likely to deliver."