Today, Royal Enfield (RE) launched its much awaited 650cc Twins - Interceptor and Continental GT in the US market, starting at a competitive price of USD 5,799 and USD 5,999, respectively. The ‘Twins’ form the core of the RE’s expansion plans in the overseas market. We reiterate BUY with a target price of INR 37,500. A weak response to the new launch is the key risk to our call.
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