Eicher Motors Ltd.Record Q3 with 1M Units Milestone

Eicher Motors delivered a stellar Q3 FY26 performance with consolidated revenue rising 23% year-on-year to ₹6,114 crores, while EBITDA grew 30% to ₹1,557 crores, demonstrating strong margin expansion.

Royal Enfield achieved record quarterly sales of 3,25,773 motorcycles, up 21% year-on-year, and crossed the milestone of 1 million motorcycles year-to-date before fiscal year-end for the first time. The company maintains dominance in the middle-sized motorcycle segment with 88.9% market share and delivered its best-ever festive season with 2.49 lakh units sold during September-October. Management's confidence is evident in the board-approved capacity expansion of ₹958 crores over FY27-28, which will increase annual production capacity by 38% to 20 lakh units through brownfield expansion at Cheyyar.

The expansion addresses current full capacity utilization with plants operating at 4,300-4,400 units daily. VECV also delivered its best Q3 with 24.2% volume growth and 34.5% market share in LMD trucks. International markets show promise with Brazil emerging as a growth driver and potential US-India trade deal benefits.