In its latest research note dated March 11, 2025, Geojit Financial Services upgraded Eicher Motors Ltd (EML) from ‘Hold’ to ‘Buy’ with a revised 12-month target price of Rs. 5,665, indicating a 14% upside from the current market price of Rs. 4,985. The upgrade is driven by robust growth in the motorcycle and commercial vehicle segments, rising exports, new product launches, and strategic expansion into international markets. The company’s foray into electric mobility and solid financial performance provide a compelling investment case in India’s evolving automotive landscape.