Online intimation/submission

Financial Results: Eicher Motors Limited (Consolidated)

For Q2 FY 2026-27, Eicher Motors Limited (EML) reported its best-ever quarterly performance:

  • Revenue from operations: ₹7,422 crores, representing a growth of 20% from ₹6,185 crores in Q2 FY 2025-26.
  • EBITDA: ₹1,760 crores, a growth of 16% from ₹1,512 crores in the same quarter last year.
  • Profit After Tax: ₹1,573 crores, an increase of 15% from ₹1,369 crores last year.

Operational Performance: Royal Enfield

Royal Enfield, a division of EML, recorded its highest-ever quarterly sales:

  • Motorcycle Sales: 376,722 units, a 15% increase from 327,067 units sold in Q2 FY 2025-26.

Operational Performance: VE Commercial Vehicles Ltd (VECV)

VECV, a joint venture, also reported its best-ever Q2 performance:

  • Vehicle Sales: 28,071 units, an increase of 28.2% from 21,901 units in the previous year.
  • Revenue from operations: ₹7,569 crores, up 24% from ₹6,106 crores a year ago.
  • EBITDA: ₹588 crores, a 23% increase from ₹479 crores.
  • Profit after tax: ₹342 crores, compared to ₹249 crores last year, representing a 37% growth.

Management Commentary

B. Govindarajan, Managing Director - EML and CEO - Royal Enfield, attributed the strong performance to robust demand in domestic and international markets, successful product launches like the Himalayan 440 and Classic 350 Gorkha Edition, and the European launch of the first electric motorcycle, the Flying Flea C6. He highlighted the One Ride event, which saw over 150,000 riders from 60 countries participate.

B. Srinivas, Managing Director and CEO – VECV, cited the successful launch of the Pro Series truck (surpassing 5,000 cumulative sales) and the inauguration of a new AI-enabled Uptime Center in Pithampur as key drivers. He noted that results were achieved despite supply chain challenges and inflation pressures linked to the West-Asian crisis.

Business and Brand Updates

Product Launches
  • Royal Enfield: Launched the Himalayan 440, Classic 350 Gorkha Edition (in India and Nepal), the 2026 Classic 350 with new features and a 'Signature White' color, and an updated Continental GT 650.
  • Electric Vehicle: Launched the Flying Flea C6 electric motorcycle in five European cities (Paris, Barcelona, Rome, Berlin, London) and expanded its presence in Bengaluru, India, with a new Parachute White color option.
  • Limited Edition: Registrations for the limited Shotgun 650 x Rough Crafts (25 units for India) sold out in three minutes.
Industry Recognition

Royal Enfield topped the Two-Wheeler OEM category in the FADA Dealer Satisfaction Survey 2026 for the second consecutive year, with an index score of 878 points.

International Expansion

The company launched multiple models in new international markets, including the Guerrilla 450 APEX and Goan Classic 350 in the Philippines, the Bullet 650 and Guerrilla 450 APEX in Cambodia, and the FT450 flat-tracker in Thailand. It also launched models and showcased the Flying Flea C6 in Brazil.

Community Initiatives

Key events included the Himalayan Odyssey, Moroccan Odyssey, Moto Mongolia, the inaugural Himalayan Base Camp in Ladakh, GRRR Night in Mumbai, and HunterHood in Kochi. The company also announced the sixth season of #ArtOfMotorcycling and the Motoverse 2026 artist lineup.