Eicher Motors on Tuesday reported its consolidated financial results for the quarter ended December 31, 2025. The company’s revenue from operations rose 22.9 per cent to Rs 6,114.04 crore, compared with Rs 4,973.12 crore in the year-ago quarter.
Total income increased 22.6 per cent to Rs 6,451.40 crore from Rs 5,261.90 crore. Total expenses for the quarter stood at Rs 4,785.69 crore, up 20.7 per cent from Rs 3,964.59 crore in the corresponding period last year.
Eicher Motors’ net profit rose 21.4 per cent to Rs 1,420.61 crore from Rs 1,170.50 crore in Q3 FY25. EBITDA for the quarter grew 30 per cent to Rs 1,557 crore, the company’s highest-ever for a third quarter.
Royal Enfield recorded strong sales, delivering 3,25,773 motorcycles during the quarter, up 21 per cent from 2,69,039 units sold in Q3 FY25.
B. Govindarajan, Managing Director of Eicher Motors and CEO of Royal Enfield, said, “This quarter continues the steady momentum that we have built over the previous six quarters and disciplined execution across Eicher Motors, with encouraging performance from both Royal Enfield and VECV. At Royal Enfield, we continued to see healthy demand across markets, alongside consistent progress in strengthening our product pipeline, capacity building, and engagement with the riding community.”
VECV Shows Robust Growth
VE Commercial Vehicles (VECV) also reported robust performance, with sales of 26,086 vehicles, up from 21,010 units in the same period last year. VECV’s revenue from operations for the quarter rose 21 per cent to Rs 7,019 crore from Rs 5,801 crore. Its EBITDA increased 26 per cent to Rs 652 crore, while profit after tax stood at Rs 338 crore, up from Rs 299 crore in the year-ago quarter.
Vinod Aggarwal, MD and CEO of VECV and Vice Chairman of Eicher Motors, said, “The third quarter was marked by a strong recovery in the commercial vehicle industry following a prolonged monsoon. GST reforms, coinciding with the traditional festive buying season, helped revive consumer sentiment and consumption-led demand for transportation.”
Capacity Expansion at Royal Enfield
The board of Eicher Motors approved a brownfield capacity expansion at Royal Enfield’s Cheyyar manufacturing facility in Tamil Nadu. The expansion will increase annual production capacity to 20 lakh units from the existing 14.6 lakh units. The company plans to invest an estimated Rs 958 crore in the project.
Speaking on the capacity expansion, B. Govindarajan added, “This investment will augment our annual production capacity and allow us to meet the expanding existing and projected future demand. By scaling our existing Cheyyar plant, we are ensuring a faster capacity ramp-up and cost-efficient operations. This project is aligned with our consistent growth focus and underscores our commitment to the evolving needs of our global community.”
Product Launches and Strategic Initiatives
Govindarajan highlighted Royal Enfield’s brand and strategy initiatives, saying, “The quarter was also significant from a brand and strategy perspective, as we kickstarted celebrations for our historic 125-year milestone at EICMA 2025. With the unveiling of Bullet 650 and Flying Flea S6, and the launch of Himalayan Mana Black and Meteor 350 Sundowner, we showcased our legacy-powered yet innovative mindset. Subsequently, we continued a strong on-ground expression of that journey at Motoverse in Goa, bringing together riders and partners to celebrate the Pure Motorcycling ethos that defines Royal Enfield.”
Vinod Aggarwal added on VECV, “We sustained our industry leadership in the LMD truck segment (5–18T GVW) while also recording growth across buses and heavy-duty truck segments. The service and parts business also grew, reflecting higher service penetration and vehicle utilisation across our truck and bus park. During the quarter, we expanded our product portfolio with the launch of the diesel variant of the Eicher Pro X small truck for city and near-city applications, and the LNG-powered Volvo Road Train for long-haul distribution. We added 25 new touchpoints across India, expanding service coverage at an average pace of two locations per week.”
Shares of Eicher Motors closed at Rs 7,296.25, up 104.95 points or 1.46 per cent. The company’s Q3 FY26 results were declared after market hours.
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