Eicher Motors Restructures Board, Siddhartha Lal Appointed Executive Chairman

Siddhartha Lal

New Delhi-headquartered two-wheeler and commercial vehicles major Eicher Motors has announced changes to its Board. The company has announced that S. Sandilya who was the Executive Chairman of the Board is set to retire and will be succeed by Siddhartha Lal.

Furthermore, Vinod Aggarwal has been appointed the Vice Chairman (Non Executive), in addition to his role as the MD and CEO of VE Commercial Vehicles, while B. Govindarajan will become the new Managing Director of Eicher Motors in addition to his role as CEO of Royal Enfield.

Eicher Motors’ Board also appointed Ira Gupta and Arun Vasu as Independent Directors. On the other hand, Manvi Sinha, an Independent Director on Eicher Motors’ board will retire on 12 February 2025 after the completion of her tenure.

“On behalf of the entire Eicher family, I want to extend our deepest gratitude to Sandilya for his outstanding guidance and leadership over the past five decades. From his early roles in the company to serving as Managing Director, Group CEO, and ultimately Chairman for 25 years, he has been instrumental in shaping Eicher Motors into what it is today. Under his leadership, Eicher has navigated challenging times to become one of the leading commercial vehicle players in India and developing markets, while Royal Enfield became a global leader in mid-size motorcycles. We wish him the very best for the future. I would also like to sincerely thank Manvi Sinha for her invaluable contributions to Eicher Motors over the past decade as an Independent Director. At the same time, we welcome Ira Gupta and Arun Vasu to the Eicher Motors Board as well as congratulate Vinod and Govind on their expanded roles,” said Lal.

“After more than 25 years at Eicher Motors in various capacities, including as the MD and CEO, I am now looking forward to the opportunity to reinvent my role. Along with taking on greater governance and board responsibilities, I will be deeply engaged in shaping Eicher Motors’ long-term vision for the decades ahead - guiding the company’s strategic direction while continuing to drive consumer insights, brand development, next-gen technology adoption, and product innovation. Additionally, I look forward to dedicating more time to leadership development and mentoring, helping to nurture the next generation of leaders as we continue our journey of growth and transformation,” he added.

Aggarwal said, “I am excited with my new role and it will be my privilege to support the Board and management of Eicher Motors in my enhanced role.”

Govindarajan said, “My journey of close to three decades at Eicher Motors has been quite rewarding with its fair share of challenges. I am truly honoured and excited to take on this new role and I am looking forward to steering the company on its growth momentum with continued support from my team. I would also like to thank the Eicher Motors board for placing its trust in me as we strive to set new benchmarks and drive the company forward in the years to come.”

Hero MotoCorp Sells 532,433 Two-wheelers In April 2026

Hero MotoCorp

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has reported 566,086 unit wholesales for April 2026, up 85 percent YoY, as compared to 305,406 units last year.

Domestic sales came at 532,433 units, up 85 percent YoY, as compared to 288,524 units a year ago. This includes 501,791 motorcycles at 75 percent YoY and 64,295 scooters, up 233 percent YoY.

Domestic retail performance also remained robust during the month, with 552,713 two-wheeler registrations (as per VAHAN) indicating growth of around 8 percent. 

VIDA, Hero MotoCorp’s e-mobility business, reported a 129 percent YoY growth, albeit a low-base.

HERO MOTOCORP

 

APRIL' 26

APRIL' 25

Change (In %)

Motorcycles

501,791

286,089

75%

Scooters

64,295

19,317

233%

Total

566,086

305,406

85%

Domestic

532,433

288,524

85%

Exports

33,653

16,882

99%

Suzuki Motorcycle India Sells 98,004 Two-wheelers In April 2026

Suzuki Motorcycle India

Suzuki Motorcycle India (SMIPL), a leading manufacturer of scooters and motorcycles, has announced its wholesales of 117,514 units in April 2026, marking a 4 percent YoY growth compared to the 112,948 units sold in April 2025.

The company began the new financial year with increases across both its domestic and international operations. Interestingly, while domestic sales at 98,004 units grew by 3 percent as compared to 95,214 units a year ago, exports clocked a 10 percent growth at 19,510 units.

Revenue from spare parts sales reached INR 915.90 million, representing a 14 percent growth over the previous year.

Last month, Suzuki Motorcycle India celebrated two decades of manufacturing in the country and also introduced the new Suzuki Burgman Street ‘One and Only’ and a new colour option for the Suzuki Avenis Special Edition.

Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “We have started the new financial year on a steady note with growth across both domestic and exports markets. This performance reflects the continued trust customers place in our products. As we move ahead, we remain focussed on delivering quality products, while deepening our connect with customers and partners across markets. We are also enhancing customer experience through focused events and brand activations.”

Royal Enfield Domestic Wholesales Grows 37% In April 2026

Royal Enfield

Chennai-headquartered mid-sized motorcycle major Royal Enfield has reported monthly wholesales of 113,164 units in April 2026, which marks a 31 percent growth compared to the 86,559 units sold in April 2025.

The OEM also entered the electric mobility market during the month with the launch of its first electric model.

Last month, the company reported domestic growth of 37 percent at 104,129 units, as compared to 76,002 units a year ago. While, exports came at 9,035 units, down 14 percent, as against 10,557 units last year.

In April, Royal Enfield introduced several updates to its motorcycle and lifestyle portfolio, which includes the launch of the its first electric motorcycle under the Flying Flea brand at INR 279,000  or INR 199,000 under a battery-as-a-service model.

The 2026 Hunter 350 portfolio was expanded with a Base Premium variant in Tarmac Black and two new colours: Mumbai Yellow and Moonshot White.

Interestingly, Himalayan 450 recorded an annual sales growth of 53 percent outside of India, with global sales for the platform exceeding 38,000 units this year.

B. Govindarajan, Managing Director, Eicher Motors and CEO of Royal Enfield, said, “We have started the new financial year with strong momentum, setting the tone for an exciting and important year ahead. April 2026 was special for us as we took our first step into electric mobility with the launch of the Flying Flea C6 - which has received an overwhelmingly encouraging response. During the month our growing global brand strength was further affirmed as Royal Enfield was recognised as the world’s third strongest automobile brand by Brand Finance. Internationally our key markets continue to perform well, driven by successful new launches, industry accolades and a growing rider community. With a robust pipeline of new products and brand initiatives, we are confident of maintaining the growth trajectory through the year.”

Honda Motorcycle & Scooter India Sells 484,000 2Ws In April 2026

Honda Motorcycle & Scooter India

Honda Motorcycle & Scooter India (HMSI), a leading manufacturer of scooters and motorcycles in the country, has announced its sales results for April 2026, recording a total of 563,000 units wholes. This marks a 17 percent YoY growth compared to the 480,000 units sold in April 2025.

Last month, the company sold 484,000 units in the domestic market, up 14.7 percent, as against 422,000 units a year ago. The exports came at 79,600 units, up 37.4 percent, as against 57,900 units last year.

At present, Honda Motorcycle & Scooter India, has a robust network of 7,000 touchpoints across India.

Tsutsumu Otani, President & CEO, Honda Motorcycle & Scooter India, said, “Building on our April performance, we continue to strengthen customer trust through disciplined and consistent execution. Demand across the two-wheeler market remains resilient across segments. We will continue to respond with agility to market dynamics while focusing on delivering sustainable and stable growth. Supported by a strong product portfolio and our dealer partners across the country, we remain committed to enhancing long-term enterprise value.”