In past three months, the stock declined 16 per cent, against 1.5 per cent fall in the S&P BSE Sensex.
The new Himalayan comes with switchable ABS feature while retaining the original features.
The model is the first motorcycle under the company's unit construction engine (UCE) platform to transition to the new regulatory emission norms
The company recorded an 8 per cent drop in total two-wheeler sales at 60,411 units in November 2019.
Analysts believe that worst is behind for Eicher Motors, the manufacture of premium motorcycle brand Royal Enfield (RE) in India, as it is taking promising initiatives to address the declining sales.