Eicher Motors

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

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Rewrites throughout with comments from president of auto dealers' body

By Kashish Tandon

July 6 (Reuters) - India's appetite for electric, hybrid and compressed natural gas vehicles accelerated after the Iran war triggered fuel price hikes, the president of the country's auto dealers' body said, with such models reaching a record share of passenger vehicle sales in June.

Alternative-fuel vehicles accounted for 40.35% of PV retail sales in June, up from about 38% a month earlier, as consumers increasingly sought cheaper running costs after petrol and diesel prices were raised several times in May.

"We need to watch whether this is an emotional knee-jerk reaction from customers or whether this growth is here to stay," C.S. Vigneshwar, president of the Federation of Automobile Dealers Associations (FADA), told Reuters on Monday.

Overall vehicle sales rose 21.8% to a record 2.6 million units, with PV sales rising 28.6% year-on-year to 410,853 units.

Among PVs, CNG models accounted for 24.3% of total sales, while hybrids made up 8.3% and electric vehicles 7.8%.

Industry leader Maruti Suzuki MRTI.NS said last month that bookings for its CNG cars jumped 40% since the fuel price hikes.

The share of electric vehicles among overall two-wheeler sales rose to 10.6%, hitting the double-digit mark for the first time, according to FADA.

While the worst of the crude shock and supply chain disruptions from the Iran war seemed to be over, a return to complete normalcy could still take "a few quarters" and may involve some cost implications, said Vigneshwar.

(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich, Mrigank Dhaniwala and Janane Venkatraman)

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

• EICHER MOTORS - ROYAL ENFIELD SELLS 1,14,032 MOTORCYCLES IN JUNE 2026

Source text: ID:nnAZN4T5FAS

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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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Adds details from paragraph 3 onwards

May 22 (Reuters) - Indian automaker Eicher Motors EICH.NS beat quarterly profit estimates on Friday, as last year's tax cuts boosted 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 from a year ago.

Analysts had estimated a quarterly profit of 14.87 billion rupees, according to data compiled by LSEG.

India's top premium motorcycle maker was the biggest beneficiary of the September tax cuts that lowered duties from 28% to 18% on the 350-cc category, which occupies a large chunk of the company's portfolio.

Its total revenue jumped 16% to 60.80 billion rupees, beating analysts' average estimate of 59.98 billion rupees.

After posting higher quarterly profits, peers Bajaj Auto BAJA.NS, TVS Motor TVSM.NS and Hero MotoCorp HROM.NS are relying on a premium product mix, export expansion and cost controls to cushion higher shipping expenses and commodity prices stemming from the closure of the Strait of Hormuz.

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

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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) - Amazon.com Inc AMZN.O:

• AMAZON INDIA - TO DEPLOY 1,000 EICHER ELECTRIC TRUCKS FOR AMAZON NOW OPERATIONS

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May 7 (Reuters) -

• ROYAL ENFIELD TO INVEST 22 BILLION RUPEES IN INDIA'S ANDHRA PRADESH- STATEMENT

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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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** Shares of Indian automaker Eicher Motors EICH.NS up 1% ahead of quarterly results

** Royal Enfield motorcycles owner's Q3 profit seen growing 19% to 13.95 billion rupees ($153.8 million), rev seen rising 21% to 60.37 billion rupees

** Sales of Royal Enfield motorcycles grew 21%, led by strong domestic demand for models with an engine size of up to 350 cc

** India in late September cut taxes on two-wheelers with an engine size of up to 350 cc to 18% from 28% earlier

** Analysts highlight concern over weak exports to markets like Mexico, U.S. amid tariffs uncertainty

** Analysts tracking EICH rate it "buy" on average - data compiled by LSEG

** Stock largely flat in 2026

($1 = 90.7260 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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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:]

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Jan 6 (Reuters) - INDIA AUTODEALERS BODY FADA:

• DEC’25 AUTO RETAIL AT 20,28,821 UNITS

• DEALER SENTIMENT REMAINS FIRMLY POSITIVE, WITH OUR SURVEY INDICATING 70.48% EXPECTING GROWTH

• OVER NEXT 3 MONTHS, RETAIL OUTLOOK REMAINS DECISIVELY UPBEAT

• DEC’25 AUTO RETAIL UP 14.63% YOY

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

• EICHER MOTORS - DEC TOTAL VECV VOLUME 10,384 UNITS

Source text: ID:nBSE3wj0KD

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** Royal Enfield motorcycle maker Eicher Motors' EICH.NS set for its best year since 2014, up 49% YTD

** In September, India lowered the effective tax paid on various categories of cars and motorcycles

** Tax cuts and supportive fiscal, monetary policy to be tailwinds for EICH - analysts say

** In Q2, Royal Enfield's overseas shipments, typically more profitable than domestic sales, jumped 55.1%, helped by expansions into newer geographies this year

** Shares largely flat on Wednesday at xx rupees

** Average rating by 33 analysts on stock is 'hold'; median PT is 7,152 rupees - data compiled by LSEG

** EICH is the third highest weighted stock on Nifty Auto index .NIFTYAUTO which is up 23% YTD

(Reporting by Brijesh Patel in Bengaluru)

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Adds details and background from paragraph 3

Nov 13 (Reuters) - India's Eicher Motors EICH.NS, maker of Royal Enfield motorcycles, reported higher second-quarter profit on Thursday, riding on a jump in sales both domestically and outside the country.

The company said its consolidated net profit rose 24.5% year-on-year to 13.69 billion rupees ($155.75 million) in the three months to September 30.

Royal Enfield recorded its highest jump in motorcycle sales in more than three years, rising 43.2% year-over-year.

Eicher Motors, which leads motorcycle sales in the premium category in India, logged a 26.8% increase in sales of motorcycles with engine capacity above 350cc, such as the 'Himalayan', indicating strong consumer appetite for premium and higher margin bikes.

Royal Enfield's overseas shipments, typically more profitable than domestic sales, jumped 55.1%, helped by expansions into newer geographies this year.

Industry-wide two-wheeler sales in India rose 7.4% in the quarter ended September, helped by a boost in demand during the local Navratri and Diwali festivals.

Momentum was further supported by recent consumption tax cuts on motorcycles upto 350cc, which supported demand for both entry-level and premium models.

Sales of models with upto 350cc engine capacity like 'Meteor 350', which make up 86.5% of total motorcycle sales for the company registered growth of 46.2%.

Eicher, which also makes trucks and buses in a joint venture with Volvo Group, said total revenue from operations rose 44.8% to 61.72 billion rupees.

Rival Bajaj Auto BAJA.NS reported a 23.7% rise in quarterly profit helped by higher exports last week, while Hero Motocorp HROM.NS will report its quarterly results later in the day.

($1 = 87.8950 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Ronojoy Mazumdar)

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Oct 1 (Reuters) - Eicher Motors EICH.NS:

• EICHER MOTORS - SEPT TOTAL MOTORCYCLE SALES AT 1,24,328 UNITS

Source text: [ID:]

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