Exports, new launches to keep Eicher's volume buoyant The maker of Royal Enfield bikes reported domestic sales of 1.9 lakh units for the March quarter, up 22% YoY. Synopsis A steep valuation premium over the mass market peers and intense competition in the premium bike segment may limit the upside for the stock in the medium term. ET INTELLIGENCE GROUP: The trend of growing sales volume of Eicher Motors seen in the March 2021 quarter is likely to continue in the current and the next fiscal year given the sustained demand for its recently launched model, rising export, and scheduled new bike launches. However, a steep valuation premium over the mass market peers and intense competition in the premium bike segment may limit the upside for the stock in the medium term.