EICHERMOT/Automobile and Auto Components/Q1 FY27/12 August 2026

Positive

Eicher Motors Ltd.Record Q1 with Aggressive Expansion Plans

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Eicher Motors delivered its best-ever Q1 performance with consolidated revenue of ₹6,632 crore, up 32% year-on-year, and highest-ever EBITDA of ₹1,591 crore.

Royal Enfield achieved record quarterly sales of 332,940 motorcycles, driven by 34% growth in its 350cc portfolio that continues outperforming the industry. International business crossed the ₹1,000 crore revenue milestone for the first time, now contributing 15% of total revenue, with Brazil emerging as the biggest market outside India. The Board approved ₹1,225 crore investment for a greenfield facility at Tada adding 450,000 units annual capacity by FY30, complementing brownfield expansion to reach 2 million units by FY28.

Premium 450cc and 650cc segments recovered to pre-GST levels with management committed to continued investment and multiple upcoming launches. Flying Flea electric motorcycle deliveries commenced with positive customer response, with phased expansion planned across Bengaluru and six identified markets. VECV posted record Q1 sales of 24,815 units, up 14.8% year-on-year, maintaining leadership in light and medium-duty truck segments.