Eicher Motors (EML) has reported its highest-ever Q1 revenue in FY2026, reaching INR 50.42 billion, up 14.8 percent YoY, from INR 43.93 billion last year.

The EBITDA grew by 3.2 percent to INR 12.03 billion, while Profit After Tax (PAT) stood at INR 12.05 billion, up 9.4 percent from INR 11.01 billion in Q1 FY2024-25.

During the quarter, Royal Enfield sold 261,326 motorcycles, which was 14.7 percent higher as compared to 227,736 units sold in the corresponding period last year.

VE Commercial Vehicles (VECV) posted INR 56.71 billion in revenue, up 11.9 percent from INR 50.70 billion, while EBITDA grew by 32.6 percent to INR 5.11 billion. The company sold 21,610 CVs in Q1, compared to 19,702 in the previous year. VECV’s revenue and EBITDA are not included in Eicher Motors’ consolidated financials, and its profit contribution is reflected as a single line in EML’s consolidated PAT.

B Govindarajan, MD, Eicher Motors, and CEO, Royal Enfiled, said, “At Eicher Motors, we’ve had a solid start to the year, with encouraging growth across both Royal Enfield and VECV. We continue to build consistent momentum in volumes, profitability and the strength of our overall portfolio. At Royal Enfield, we have sustained our growth momentum in the first quarter, anchored by our continued focus on product innovation, immersive riding experiences and a deeper expression of pure motorcycling. The refreshed Hunter 350 continues to be a key marker of growth for us, both in terms of volumes and community engagement. Moving ahead on our global ambition, we further strengthened our reach in the SAARC region and expanded our portfolio in Nepal with the locally assembled Classic 350. With a refreshed pipeline of motorcycles and a growing ecosystem of curated rides and culture-first experiences, we are shaping a vibrant and inclusive motorcycling movement. VECV, too, has delivered consistent growth, anchored in a strong product portfolio and a sharp understanding of India’s evolving commercial mobility needs. Our continued investment in sustainable, efficient transport solutions ensures we are well-positioned for the future. As we move forward, our commitment to long-term value creation remains strong – through customer-centric innovation, global ambition, and meaningful brand experiences at every level.”

Vinod Aggarwal, MD and CEO, VECV, and Vice Chairman, Eicher Motors, said, “CV delivered its best‑ever first quarter with 21,610 units in Q1 FY’26 (up 9.7 percent year‑on‑year) and broadened its footprint in a largely flat market. Overall market share improved to 18.7 percent (vs 17.3 percent last year), led by continued leadership in LMD trucks (34.5 percent share) and a strong showing in Buses, where Total Bus volumes grew 14.8 percent and market share rose to 21.5 percent. Exports grew by 20.5 percent over last year. Deliveries of all electric Eicher Pro X in SCV segment (2.0–3.5T) continue to gather momentum. Heavy‑Duty volumes were marginally lower reflecting a lower total market despite market share gains. Our connected vehicle solution “My Eicher” now connects 150,000 customers representing 350,000 vehicles. VECV reported strong revenue growth and expansion in profit margins linked to better volumes, pricing and cost discipline. PAT was lower as compared to previous year primarily due to one off impact in Q1 FY’25 linked to deferred tax reversal.”

VECV also reported improved market share in LMD trucks and buses, and growth in electric vehicle deliveries and exports.

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced its financial results for Q1 FY2026, with a significant 20 percent increase in revenue for the first quarter.

The company's revenue climbed to INR 100.81 billion, up from INR 83.76 billion in the same period last year.

The company's profitability also saw a major boost. Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 32 percent to INR 12.63 billion, with the operating margin improving to 12.5 percent from 11.5 percent. This led to a 35 percent increase in Profit After Tax (PAT) to INR 7.79 billion.

During the period, TVS Motor registered its highest ever quarterly sales, with overall two- and three-wheeler sales growing by 17 percent to 1.27 million units. This includes motorcycles sales at 621,000 units, up 21 percent, scooters at 499,000 units, up 19 percent, three-wheelers sales at 45,000 units, up 46 percent and electric scooters at 70,000 units, up 35 percent YoY respectively.

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Bengaluru-based electric two-wheeler manufacturer Ather Energy has launched a new variant of its 450S electric scooter, featuring an upgraded 3.7 kWh battery pack that delivers an IDC range of 161km. Priced at INR 145,999 (ex-showroom, Bengaluru), the new model offers an extended range while maintaining the performance DNA of the 450 series.

The variant is positioned to bridge the gap between the entry-level 450S 2.9 kWh and the higher-end 450X. It features the same 5.4 kW motor producing 22 Nm of torque, a claimed top speed of 90 kmph, and zero to 40 kmph acceleration in 3.9 seconds.

Ravneet Phokela, Chief Business Officer, Ather Energy, said, "The 450 series has always set the bar for performance, technology, and reliability in the Indian electric scooter market. With the launch of the 450S featuring a 3.7 kWh battery pack and an IDC range of 161km, we're bringing the extended range previously exclusive to the 450X. The new 450S variant is specifically designed for riders who prioritise the sporty appeal and long-range capability of the 450 series over the advanced software features of the 450X. With an IDC range of 161 kms offered by the new 450S, riders can now confidently plan longer journeys and still experience the thrilling performance the 450 series is renowned for, all at a more accessible price."

The new 450S retains the sharp styling and build quality of the 450 range, while offering four riding modes – Smart Eco, Eco, Ride and Sport. It also comes equipped with a 7-inch DeepView Display, Bluetooth connectivity, turn-by-turn navigation, AutoHold, Fall Safe, OTA updates and access to the Ather Grid fast-charging network.

Bookings are now open, with deliveries set to begin from August 2025. Ex-showroom prices for the new variant are INR 148,047 in Delhi, INR 148,258 in Mumbai, INR 145,999 in Bengaluru and INR 147,312 in Chennai.

The scooter is covered under Ather’s 'Eight70' warranty programme, which offers 8 years or 80,000 km of coverage, guaranteeing 70 percent battery health during the period.

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Chennai-based two-wheeler and three-wheeler major TVS Motor Company has launched the TVS Ntorq 125 Super Soldier Edition in the Marvel Avengers Super Squad series at INR 98,117 (ex-showroom Delhi).

The TVS Ntorq Super Soldier Edition builds on the company’s successful collaboration with Marvel, and features a striking camo-inspired theme.

The Bluetooth-connected Smart scooter (SmartXonnect) remains mechanically unchanged, featuring a 124.8cc, air-cooled engine that produces 9.5hp and 1.5Nm of power.

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Honda Motorcycle & Scooter India (HMSI) marked 25-years of operations in India by unveiling two new models – the CB125 Hornet and the Shine 100 DX with bookings to begin on 1 August 2025.

The CB125 Hornet features a 123.94cc, single-cylinder, fuel-injected, OBD2B-compliant engine producing 8.2 kW at 7500 RPM and 11.2 Nm at 6000 RPM. It is paired with a 5-speed gearbox and accelerates from 0 to 60 kmph in 5.4 seconds. The bike weighs 124 kg. It comes equipped with a 240mm front petal disc and 130mm rear drum brake with single-channel ABS. Suspension includes golden USD front forks and a 5-step adjustable mono-shock rear. Tyres are 80/100-17 (front) and 110/80-17 (rear) tubeless units.

The motorcycle features a 4.2-inch TFT screen with Bluetooth connectivity, compatible with the Honda RoadSync app for navigation, calls and music access. Additional features include a USB Type-C charger, side-stand engine cut-off and engine stop switch.

The CB125 Hornet is available in four colour options: Pearl Siren Blue with Lemon Ice Yellow, Pearl Igneous Black, Pearl Siren Blue with Athletic Blue Metallic and Pearl Siren Blue with Sports Red.

On the other hand, the Shine 100 DX is powered by a 98.98cc, single-cylinder, fuel-injected engine that produces 5.43 kW at 7500 RPM and 8.04 Nm at 5000 RPM, paired with a 4-speed gearbox. It uses Honda’s eSP technology to improve fuel efficiency and performance.

Featuring drum brakes at both ends with Honda’s Combined Braking System (CBS) the suspension is managed by telescopic front forks and 5-step adjustable rear shock absorbers. The motorcycle rides on 17-inch tubeless tyres with a 168 mm ground clearance.

The Shine 100 DX comes with a digital LCD display showing mileage, range and service due indicators. It also includes a side-stand engine cut-off function.

It is offered in four colours: Pearl Igneous Black, Imperial Red Metallic, Athletic Blue Metallic and Geny Gray Metallic.

Tsutsumu Otani, Managing Director, President & CEO, Honda Motorcycle & Scooter India, said, “As we celebrate 25 glorious years, it gives me immense pride to unveil not just one, but two new motorcycles that represent Honda’s commitment to innovation and customer-centric approach. The introduction of CB125 Hornet and Shine 100 DX reaffirms our promise of bringing hi-tech mobility solutions for the Indian market. This celebration also resonates with Honda’s global achievement of the 500 million production milestone and HMSI’s 70 million production landmark. We remain deeply grateful to our customers, partners and employees who made this journey possible and look forward to accelerating our growth in the coming years.”

Yogesh Mathur, Director, Sales and Marketing, Honda Motorcycle & Scooter India, said, “We are ecstatic to introduce two all-new motorcycles developed to meet the evolving aspirations of new-age Indian riders in this landmark 25th anniversary year of HMSI. The CB125 Hornet is set to redefine the 125cc premium commuter space with its advanced styling, segment-first features like Golden USD front forks and best-in-class 0-60 km/h time of 5.4s, making it the perfect urban companion for Gen-Z buyers to Ride their Rizz. The new Shine 100 DX brings a fresh wave of excitement, blending enhanced styling with advanced features, standing true to what customers expect – ‘Solid Hai’. These two models reflect Honda’s continued commitment of meeting customer aspirations and bringing advanced mobility solutions to every segment in the country.”

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