Eicher Motors posts record Q2 revenue, profit growth

Eicher Motors Limited achieved its highest-ever Q2 revenue of INR6,172 crores, a substantial 45% increase over Q2 FY'25. EBITDA also reached a record INR1,512 crores, up 39% year-over-year, while PAT soared to INR1,369 crores, which includes INR135 crores of EML share of profits from VECV. The company reported its best-ever festive performance, selling over 2.49 lakh motorcycles in September and October 2025. Royal Enfield maintained its market dominance in the mid-size motorcycle segment with an 84% share.

The company's strong performance was boosted by product refreshes, an expanded dealer network of over 2,000 stores, and maximized production capacity. GST reforms for motorcycles under 350cc also contributed to increased accessibility and demand. Royal Enfield's international markets saw volumes of 34,364 units in the quarter, with strong growth in Brazil, Nepal, and Bangladesh, and market leadership positions in several regions.

VE Commercial Vehicles (VECV) also recorded its highest-ever second-quarter sales of 21,901 units, marking a 5.4% growth. VECV's standalone revenue from operations stood at INR6,106 crores. The company secured the number one position in light and medium-duty trucks, with sales of 10,096 units and a market share of 34.8%. VECV's EBITDA improved to INR479 crores (8%) for Q2, up from INR395 crores (7.3%) in the previous year.