Eicher Motors Limited has announced its best-ever quarterly results for the second quarter of the financial year 2026-27, ending September 30, 2026. The company achieved unprecedented revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA), driven by strong performances from its two key divisions, Royal Enfield and VE Commercial Vehicles (VECV).
For the second quarter, Eicher Motors reported revenue from operations of ₹7,422 crores, marking a 20% increase from the same period last year. The company’s EBITDA reached an all-time high of ₹1,760 crores, a 16% increase year-on-year. Profit after tax also saw a 15% rise, amounting to ₹1,573 crores. Royal Enfield, a subsidiary of Eicher Motors, registered its highest-ever quarterly motorcycle sales, with 376,722 units sold, reflecting a 15% increase from the previous year.
VECV, a joint venture between Eicher Motors and Sweden’s Volvo Group, also delivered impressive results. Revenue from operations for VECV in the second quarter stood at ₹7,569 crores, a 24% increase from the previous year. The division’s EBITDA rose by 23% to ₹588 crores, while profit after tax increased by 37%, reaching ₹342 crores. VECV’s vehicle sales in the quarter amounted to 28,071 units, up 28.2% year-on-year.
B. Govindarajan, Managing Director of Eicher Motors and CEO of Royal Enfield, attributed the strong performance to robust demand across both domestic and international markets. The company launched several new products during the quarter, including the Himalayan 440 and the Classic 350 Gorkha Edition, which received exceptional demand. Royal Enfield also introduced its first electric motorcycle, the Flying Flea C6, in Europe and the UK, marking a significant milestone in its electric vehicle journey.
B. Srinivas, Managing Director and CEO of VECV, highlighted the division’s successful overcoming of supply chain challenges and inflation pressures. VECV’s recent product launches, including the Pro X, have been well-received, contributing to the division’s record sales.
Analysts view Eicher Motors’ performance as a testament to its strong brand presence and strategic product launches. The company’s focus on innovation and expanding its international footprint continues to bolster its market position, despite evolving market conditions.
