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Eicher Motors (EML) delivered a strong Q3 FY26, with consolidated revenue jumping 21.1% YoY, EBITDA up 22.9%, and profit after tax (PAT) soaring 29.6%. Royal Enfield continues to dominate the Indian mid-size motorcycle segment with an 88% market share (9MFY26) and is gaining traction globally.
The company's strategy focuses on balancing ICE and EV offerings, driving growth through a brand-led customer experience, and investing heavily in R&D (~₹1,900 Cr in 5 years). Recent highlights include new product launches like Himalayan 450 and Shotgun 650, alongside international expansions into Taiwan and Hong Kong. Apparel segment also saw new launches like the Airbag Vest.
Its commercial vehicle joint venture, VECV, also had a robust Q3 FY26, with volumes up 24.2% YoY and exports surging 72.5%. VECV’s revenue grew 26.1% and PAT by 13.0%. VECV showcased Eicher Pro X EV’s record-breaking Kashmir to Kanyakumari drive and announced a ₹544 Cr investment for a new AMT manufacturing plant, reinforcing localization efforts and capacity expansion. EML proposed a ₹70 per share dividend for FY25, totaling ₹1,919.15 Cr. The outlook emphasizes sustainability goals and continuous innovation.