Eicher Motors

Sept 15 (Reuters) -

• SIAM - INDIA'S AUG 3-WHEELER SALES 93,764 UNITS

• SIAM - INDIA FESTIVE DEMAND SEASON EXPECTED TO PROVIDE ADDITIONAL BOOST, RESULTING IN HEALTHY Q2 NUMBERS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S AUG TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,39,309 UNITS

• INDIA'S AUG 2-WHEELER SALES 2.03 MLN UNITS

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Sept 1 (Reuters) - Eicher Motors Ltd EICH.NS:

• EICHER MOTORS - AUGUST TOTAL VECV SALES AT 8,434 UNITS

Source text: ID:nBSE3sF9Wz

Further company coverage: EICH.NS

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BENGALURU, Aug 20 (Reuters) - Diary of India economic, corporate events on August 20

ECONOMIC, CORPORATE .BSE500 EVENTS

(Compiled by Bengaluru Newsroom)

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Aug 6 (Reuters) - Ashok Leyland Limited ASOK.NS:

• INDIA’S FADA: JULY COMMERCIAL VEHICLE RETAIL SALES ROSE 24.04% Y/Y

• INDIA’S FADA: LOOKING AHEAD TO AUGUST’26, DEALER OPTIMISM FIRMS CONSIDERABLY

• INDIA’S FADA: OVERALL, NEXT THREE MONTHS APPEAR DECISIVELY CONSTRUCTIVE

• INDIA AUTODEALERS BODY FADA: JULY OVERALL AUTO RETAIL SALES ROSE 25.89% Y/Y

• INDIA’S FADA: JULY TWO-WHEELERS RETAIL SALES ROSE 28.25% Y/Y

• INDIA'S FADA: JULY PASSENGER VEHICLE RETAIL SALES ROSE 19.13% Y/Y

• INDIA'S FADA: ALTERNATIVE FUELS ARE NOW WITHIN STRIKING DISTANCE OF PETROL IN PASSENGER VEHICLE MARKET

Further company coverage: ASOK.NS

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July 30 (Reuters) - ** Eicher Motors EICH.NS reported quarterly profit rise that beat expectations and said it remains confident of growth in the second half of the year.

** Shares up 0.7%, pulling back from initial climb of 1.4%

CRUISING DESPITE COST HEADWINDS

** Citi ("Buy", PT: 8,850 rupees) says Q1 beat estimates on strong demand, bookings and improving supply, with capacity expansion supporting growth despite cost pressures

** Jefferies ("Buy", PT: 9,300 rupees) says EICH is "cruising despite cost headwinds," as it remains key beneficiary of motorcycle premiumisation, with strong demand, low inventories and easing margin concerns supporting growth

** Nomura ("Neutral", PT: 8,437 rupees) says demand and launches should sustain growth, but much of the optimism is already priced in, while competition could limit upside

(Reporting by Kashish Tandon in Bengaluru)

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July 29 (Reuters) - Indian automaker Eicher Motors EICH.NS beat quarterly profit estimates on Wednesday, helped by strong sales of its Royal Enfield motorcycles and price increases.

The company posted a 21.4% rise in consolidated net profit to 14.63 billion rupees ($152.96 million) for the quarter ended June 30, beating analysts' average estimate of 13.91 billion rupees, according to data compiled by LSEG.

($1 = 95.6475 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru; Editing by Harikrishnan Nair)

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July 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JUNE TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,88,144 UNITS

• SIAM - INDIA'S JUNE 2-WHEELER SALES 18,51,400 UNITS

• SIAM - INDIA'S JUNE 3-WHEELER SALES 77,951 UNITS

• SIAM - OVERALL CONSUMER SENTIMENT AND DEMAND REMAIN STEADY AT PRESENT

• SIAM: INDUSTRY CONTINUES TO CLOSELY MONITOR GEOPOLITICAL DEVELOPMENTS AND PROGRESS OF MONSOON

Further company coverage: ASOK.NS

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July 6 (Reuters) - India's retail car sales rose 28.6% in June, with compressed natural gas and other alternative-fuel-powered vehicles accounting for a record 40.35% of total sales, after fuel prices jumped following the war in Iran, the Federation of Automobile Dealers Associations (FADA) said on Monday.

(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich)

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July 1 (Reuters) - Eicher Motors Ltd EICH.NS:

• JUNE TOTAL VECV SALES AT 9,519 UNITS

Source text: ID:nBSE8p1cQJ

Further company coverage: EICH.NS

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** Shares of Royal Enfield maker Eicher Motors EICH.NS fall as much as 6.51% to 6,942.5 rupees

** This is stock's steepest intraday decline in more than 16 months

** EICH is the top percentage loser on Nifty 50 index .NSEI, which is down 0.1%

** Multiple brokerages flag the two-wheeler maker as the biggest potential loser from Delhi government's new electric vehicles policy

** Policy mandates that only electric 3Ws will be permitted for registration from Jan 1, 2027 and only electric 2Ws from April 1, 2028

** In particular, EICH may be more impacted due to its high New Delhi exposure of Royal Enfield and very low EV mix potential, says Nomura

** EICH shares are down 2.4% in 2026 so far, compared to 8.4% drop in Nifty 50 index, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Goldman Sachs ("buy") raises TP on India's Eicher Motors EICH.NS to 9200 rupees from 8400 rupees

** EICH last up 1.12% at 7696 rupees

** Brokerage says easing energy prices could drive the fastest rebound in demand in scooters, premium motorcycles, entry-level cars, premium hatchbacks

** Flags Royal Enfield maker as being well placed to benefit from price stabilization after reopening of Strait of Hormuz eases fuel prices

** Adds, Eicher relatively less affected by slower onset of monsoon as its customer base is more urban and premium

**Says TVS Motor TVSM.NS, Maruti Suzuki MRTI.NS also in a good position to benefit from price stabilization

** Also cuts TP on tractor maker Mahindra and Mahindra MAHM.NS, with higher rural exposure, to 3650 rupees due to slower monsoons

** EICH up 5.4% YTD

(Reporting by Abhirami G in Bengaluru)

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June 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S MAY TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,38,854 UNITS

• SIAM - INDIA'S MAY 3-WHEELER SALES 70,720 UNITS

• SIAM - INDIA'S MAY 2-WHEELER SALES 19,02,209 UNITS

• SIAM - LOWER BASE EFFECT OF PREVIOUS MAY, DEMAND CREATED DUE TO REDUCED GST RATES GETTING REFLECTED IN HIGHER OFF-TAKE THIS MONTH

Further company coverage: ASOK.NS

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June 4 (Reuters) - Eicher Motors Ltd EICH.NS:

• EICHER MOTORS - RECEIVES DEMAND ORDER FOR 16.4 MILLION RUPEES ON JUNE 3, 2026

Source text: ID:nBSE4pcvL4

Further company coverage: EICH.NS

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June 1 (Reuters) - Eicher Motors Ltd EICH.NS:

• EICHER MOTORS - ROYAL ENFIELD SELLS 103,231 MOTORCYCLES IN MAY 2026

Source text: ID:nBSECCJdd

Further company coverage: EICH.NS

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May 28 (Reuters) - India's Ashok Leyland ASOK.NS reported its highest ever quarterly profit on Thursday, helped by strong demand for commercial vehicles.

• The Hinduja Group flagship reported standalone profit of 14.05 billion rupees ($146.8 million) in the three months ended March 31, up 13% from 12.46 billion rupees a year ago.

• Revenue from operations jumped about 19% to a record 141.6 billion rupees in the fourth quarter

• Auto sector demand, including for commercial vehicles, continued stayed strong on momentum from last year's tax cuts

• Analysts, however, warned of margin pressures due to increased input costs amid the ongoing U.S.-Iran war.

• Ashok Leyland's input costs soared 29%, driving up expenses by 19%

• "Our CV and export volumes were at an all-time high... the company delivered significant growth in power solutions, aftermarket and electric mobility businesses," Chairman Dheeraj Hinduja said.

• Earlier this month, rival Tata Motors TATM.NS flagged near-term cost pressures due to the ongoing war even as it reported a near 70% jump in fourth-quarter profit.

($1 = 95.6863 Indian rupees)

(Reporting by Devika Nair in Bengaluru; Editing by Joyjeet Das)

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May 22 (Reuters) - Indian automaker Eicher Motors EICH.NS beat quarterly profit estimates on Friday, as last year's tax cuts continued to boost demand for its high-margin 350 cc motorcycles.

The Royal Enfield Himalayan 450 adventure bike manufacturer posted a near 12% rise in consolidated net profit to 15.2 billion rupees ($158.85 million) for the March quarter. Analysts had estimated a profit of 14.87 billion rupees, per data compiled by LSEG.

(Reporting by Kashish Tandon and Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)

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May 21 (Reuters) - Eicher Motors Ltd EICH.NS:

• EICHER MOTORS - INVESTMENT OF UP TO 7.5 BILLION RUPEES IN VOLVO FINANCIAL SERVICES (INDIA)

• EICHER MOTORS - FORMATION OF JV FOR UNDERTAKING BUSINESS OF PROVIDING FINANCIAL SERVICES IN INDIA

Source: https://nsearchives.nseindia.com/corporate/EICHERMOT_21052026174457_EMLPressReleaseVEFSAnnouncementSigned.pdf

Further company coverage: EICH.NS

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May 19 (Reuters) - India is considering incentives exceeding $1 billion to spur private-sector adoption of electric buses and trucks, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Reuters could not immediately verify the report.

(Reporting by Carlos Méndez in Mexico City)

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May 18 (Reuters) - Eicher Motors Ltd EICH.NS:

• GOVERNMENT OF ANDHRA PRADESH HAS APPROVED A LAND PARCEL OF 215.7 ACRES AT TADA

• INVESTMENT REQUIRED UPTO 25 BILLION RUPEES

• GOVERNMENT OF ANDHRA PRADESH APPROVED LAND PARCEL FOR PROPOSED GREENFIELD EXPANSION OF CO

Further company coverage: EICH.NS

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May 7 (Reuters) - Indian bike maker Royal Enfield plans to invest about 22 billion rupees ($232.24 million) to set up a manufacturing plant in the southern state of Andhra Pradesh, it said on Thursday.

• The Eicher Motors EICH.NS unit will establish the facility in two phases, with the first phase expected to be completed by 2029, and the second slated for 2032.

• The plant will add around 900,000 units to its current annual capacity of around 1.46 million units, as of end-February.

• Andhra Pradesh has drawn investments from Alphabet's GOOGL.O Google, Reliance Industries RELI.NS and Adani Group ADEL.NS, among others.

• Royal Enfield's project is expected to generate roughly 5,000 direct and indirect jobs.

• The investment marks the bike maker's first major manufacturing expansion outside Tamil Nadu state, the firm said.

($1 = 94.7300 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Sonia Cheema)

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Rewrites throughout with industry executive's comments, background

By Kashish Tandon

BENGALURU, May 5 (Reuters) - India's auto dealerships are bracing for potential ripple effects from the ongoing Middle East conflict on fuel prices and supply chains, a senior industry official said on Tuesday, after retail vehicle sales hit a record for April.

Disruptions linked to the conflict have been limited so far in the world's third-largest car market, but could start affecting auto part supplies over the coming months if the instability persists, Sai Giridhar, vice president of the Federation of Automobile Dealers Associations, said in an interview.

"There have been some instances of supply getting disrupted, particularly in parts shipments coming from Europe, mainly in the after-market and service side," Giridhar said.

While the impact is not broad‑based, the repercussions could last for a few months even if the conflict were to end, he said.

The comments reflect wider concerns about a prolonged Iran war and the consequent energy shock hitting growth and raising inflation in the world's most populous country. Industry leader Maruti Suzuki MRTI.NS has warned it could raise prices as the war pushes up commodity costs.

India's auto sector has been in a good spot over the last few months, as last September's tax cuts have made cars more affordable, with easier financing conditions and strong demand from towns and rural areas.

However, margins are likely to come under pressure, analysts have said, as rising steel, aluminium and freight costs tied to the war hit the bottomline.

For now, a potential sharp rise in fuel prices remains a key risk for consumer sentiment, Giridhar said.

Indian state refiners have raised prices of liquefied petroleum gas for industrial customers and jet fuel sold to foreign carriers, but prices of gasoline, diesel and cooking gas have not been raised for domestic customers.

Overall retail vehicle sales in April rose 12.9% year-over-year to a record high of 2.6 million units for that month, data released by the auto body showed.

Car sales in rural India jumped 20.4%, nearly three times the urban growth of 7.1%, driven in part by a revival in small-car sales.

(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala and Dhanya Skariachan)

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April 14 (Reuters) - India's auto industry body on Tuesday flagged concerns on the possible adverse impact of the Middle East war on automotive production, input and fuel prices, and freight rates.

Here are some key details:

• The West Asia conflict is expected to pose short-term challenges for the auto industry, Shailesh Chandra, president of Society of Indian Automobile Manufacturers (SIAM), said.

• Uncertainties arising from the West Asia conflict, particularly prices of crude oil and commodities, higher exchange rates and disruptions in shipping routes, remain a concern for the auto sector, the industry body said.

• In the near term, the conflict may weigh on export volumes, and the evolving situation reinforces the need for calibrated supply chains and diversification of energy inputs, analysts at Antique Stock Broking said.

• In the entry-level segment in April so far, buyer enquiries are strong, but converting them to sales is taking longer, the SIAM president said.

• Car sales by manufacturers to dealers in the world's third-largest car market rose 7.9% to 4.6 million units in the financial year 2026, industry data showed, compared to the previous fiscal year's 2%, as consumer sentiment improved due to tax cuts.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Total domestic two-wheeler sales in the financial year 2026 rose 10.7% on-year compared to 9.1% growth last year, the industry data showed.

(Reporting by Aditi Shah and Anuran Sadhu; Editing by Harikrishnan Nair)

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** Shares of India's Eicher Motors EICH.NS jump 3.34% to 7,386 rupees

** Benchmark Nifty 50 .NSEI up 1.05%

** Co's motorcycle unit Royal Enfield launched its first electric motorcycle, priced at 279,000 rupees ($3,010.29)

** Nomura ("neutral", TP: 7,827 rupees) says model showcases innovative technologies, estimates vols of about 500-1,000 units/month, with gross margins likely to be positive

** However, brokerage notes that the model is unlikely to be mainstream

** EICH rated "buy" on average by 32 analysts, median PT of 7,850 rupees - LSEG data

** YTD, EICH flat vs Nifty 50's more than 8% decline

($1 = 92.6820 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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April 1 (Reuters) - Eicher Motors Ltd EICH.NS:

• EICHER MOTORS - TOTAL VECV SALES FOR MARCH 2026 AT 13,311

Source text: ID:nBSECcsws

Further company coverage: EICH.NS

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March 13 (Reuters) - India's domestic car dispatches to dealers rose for the fifth straight month in February, data from an industry body showed on Friday, helped by tax cuts that have lowered prices across most models.

"While the month of March has festive drivers... the recent conflict in West Asia remains a concern... could impact the manufacturing processes and exports," Rajesh Menon, Director General of Society of Indian Automobile Manufacturers (SIAM), said.

Here are some key details:

• Passenger vehicle dispatches jumped 10.6% to 417,705 units in February, compared with 377,689 units a year earlier.

• Tax reductions continue to fuel growth, extending momentum for fifth consecutive month.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Vehicle sales picked up during the ongoing wedding season, supported by strong bookings, inventory build-up and new model launches.

• Domestic demand is expected to remain strong, though exports could soften on reduced shipments to Africa and the Middle East, analysts added.

• SIAM warns the ongoing Middle East crisis could hit production and exports if supply chains are disrupted.

• A shortage of gas - crucial for paint shops and component manufacturing - may affect production, analysts said, though they expect only near-term impact on Indian manufacturers due to inventory buffers.

• Domestic demand to stay robust but exports could weaken due to reduced shipments to Africa and the Middle East- Axis Capital

• India, the world's third-biggest car market, has an auto industry that accounts for 7.1% of its GDP.

• Tax cut-driven growth is likely to sustain for several quarters, a dealer's body said last week.

(Reporting by Meenakshi Maidas and Urvi Dugar in Bengaluru)

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March 10 (Reuters) - Eicher Motors Ltd EICH.NS:

• VE COMMERCIAL VEHICLES APPOINTS B SRINIVAS AS MANAGING DIRECTOR AND CEO

Source text: ID:nBSE2d7Wn4

Further company coverage: EICH.NS

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Feb 11 (Reuters) - Shares of Eicher Motors EICH.NS jumped over 4% on Wednesday as Indian automaker's plans to boost capacity raised prospects of continued growth momentum in its mainstay Royal Enfield motorcycles business.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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Feb 10 (Reuters) - Eicher Motors Ltd EICH.NS:

• EICHER MOTORS Q3 CONSOL NET PROFIT 14.21 BILLION RUPEES; IBES EST. 13.95 BILLION RUPEES

• EICHER MOTORS Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 61.14 BILLION RUPEES; IBES EST. 60.37 BILLION RUPEES

Further company coverage: EICH.NS

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** Shares of Eicher Motors EICH.NS fall 1.6% to 7,286.50 rupees

** Investec downgrades Royal Enfield motorcycles maker to "sell" from "hold", citing slowing sales momentum beyond FY26 and lofty valuations

** Brokerage says EICH faces multiple headwinds going forward, with rival premium motorcycle brands Triumph and Jawa expanding retail presence, and a tariff hike in key export market of Mexico

** EICH currently valued at 33x FY27 EPS vs 5-year average of 28x; Investec reduces target multiple to 27x from 30x, citing slowing earnings growth

** Analysts tracking stock rate it "buy" on avg - data compiled by LSEG

** EICH jumped 52% in 2025, helped by strong domestic sales of its 350 cc motorcycles which were given an affordability boost from India's sweeping tax cuts

(Reporting by Nandan Mandayam in Bengaluru)

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Jan 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,99,216 UNITS

• SIAM - LOOKING AHEAD, INDUSTRY EXPECTS POSITIVE MOMENTUM TO CONTINUE WELL INTO 2026

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 3-WHEELER SALES 61,924 UNITS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 2-WHEELER SALES 15,41,036 UNITS

• SIAM - WHILE REMAINING WATCHFUL OF GEOPOLITICAL DEVELOPMENTS, INDUSTRY EXPECTS FY2025–26 TO CLOSE ON POSITIVE GROWTH TRAJECTORY

Source text: [ID:]

Further company coverage: ASOK.NS

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