Eicher Motors Limited has informed the Exchange about Transcript
EICHERMOT · price
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Eicher Motors reported record FY26 performance with combined revenue of EML and VECV crossing INR 50,000 crores. Royal Enfield sold 12.27 lakh motorcycles (second consecutive year above 1 million), while VECV delivered record 1,03,404 units. Q4 FY26 consolidated revenue was INR 6,080 crores with PAT of INR 1,520 crores. Management announced a new 50-50 JV with Volvo for vehicle financing (up to INR 750 crores investment) and capacity expansion plans including INR 958 crores brownfield expansion at Cheyyar to reach 2 million capacity by Q2 FY28, plus a new greenfield facility in Andhra Pradesh. The Flying Flea C6 electric motorcycle was launched in April 2026 with positive initial response. Management flagged commodity inflation as a 3-3.5% headwind for FY27, partially offset by 1.75% price increase taken in April and cost reduction measures.
Strong fundamentals with record earnings and multi-year capacity expansion plans support long-term growth. However, commodity inflation headwinds (3-3.5%) may pressure margins in FY27 despite pricing actions and cost mitigation measures. The new financing JV with Volvo adds a new business vertical for revenue diversification.