Total dispatches reached 1,677,000 units in Q1 FY27, representing 23% YoY growth from 1,367,000 units in Q1 FY26
Motorcycle dispatches: 1,484,000 units (17% YoY growth from 1,274,000 units)
Scooters (ICE + EV) dispatches: 193,000 units (107% YoY growth from 93,000 units)
Domestic Market Share in ICE vehicles: 29.0% in Q1 FY27 (+0.3% YoY)
Key growth drivers: Expanded scooter portfolio, VIDA EV ecosystem development, premium motorcycle franchise building, and international market expansion
Segment-wise Performance
ICE Scooters Dispatch Growth: 84% YoY
VIDA EV Dispatch Growth: 151% YoY
Global Business Dispatch Growth: 63% YoY
Premium Motorcycles: Community building through XCLAN+ (2,700 active members) and H.O.G. (Harley Owners Group, 3,600 active members)
Deluxe 125cc segment: Sustained market share recovery through augmented portfolio and technology-led differentiation
100cc segment: Record market share maintained with strong retail momentum
Geographical Revenue Split
Global Business: Expanded with VIDA's entry into Nepal featuring local celebrities Anna Sharma and Sabin Beast
Domestic vs Export split: Not specified in quantitative terms
Capex & Cash Flow Health
FY27 CAPEX Guidance: ₹1,500 Cr
Capacity Expansion: FY26 capacity was 8.63 million units
Specific expansions: Splendor capacity increased, Destini capacity expanded, Xoom capacity expansion in process, premium line at Neemrana plant, EV capacity augmentation for VIDA VX2
Greenfield expansion in Tirupati for parts availability (GPC 2.0) to be commissioned by end of 2027
Strategic & R&D Initiatives
EV Leadership: Expanded VIDA portfolio with VIDA VX2 Go (4.4kWh, 128 km IDC, fixed battery) and VIDA VX2 Plus (187 km IDC, premium segment)
New Product Launch: DIRT.E K3, a size-adaptive electric off-road motorcycle for young riders
Flex Fuel Technology: Launched flex fuel variants of Splendor+ and HF Deluxe compatible with ethanol-blended fuels (E20 to E85)
Production Linked Incentives: Received ₹48 Cr in Q1 FY27, with 60% portfolio eligible and target of 100% eligibility by December 2026
Parts, Accessories & Merchandise: Expanding distribution to taluka level, broadening portfolio, and scaling premium riding gear and lifestyle accessories
ESG & CSR Initiatives
Recognition: 'Most Sustainable Company in Automobiles' at Business Today India's Most Sustainable Companies Awards 2026
Plant Certification: Neemrana Plant received Platinum rating from Greenco rating system
CSR Award: Ride Safe India project recognized as 'Best Road Safety Project of the year – 2026' at 3rd Global CSR and ESG awards
Community Programs: 11 medals by Khelo Hero Para-Athletes at 8th India Open International Para-Athletics Championship, over 12,000 OPDs conducted by Mobile Medical Units
Sustainability Targets: 50% Green dealerships, 500% Water Positivity, 100% Zero Waste to Landfill operations, >95% product recyclability, 80% products covered under Life cycle assessment
Brand Building Initiatives
Splendor+ Retail Growth in Q1 FY27 driven by customer focus on mileage amidst elevated fuel prices
Sharper communication amplifying the "mileage leadership" of Splendor
