Eicher Motors Management Guidance Tracker

7 forward-looking guidance items tracked across 2 quarters.

Expansion

Q2 FY26Capacity expansion to >1.35 million units annuallyTracked

Royal Enfield is adding a new module to increase annual capacity beyond 1.35 million units, with the module coming online from Q1 FY27.

Q3 FY26Flying Flea C6 launch in next quarterActive

The classic-style electric motorcycle C6 is nearly ready for production and will be launched in the next quarter, with S6 following around EICMA.

Growth

Q2 FY26VECV expects better H2 volume growthActive

Management expects second half to be stronger than first half, with 55% of annual volumes typically in H2, driven by infrastructure spending and GST impact.

Q3 FY26Q4 growth momentum to continueActive

Management expects the strong growth trend to persist in Q4 FY26, supported by healthy inquiries, conversions, and bookings.

Margins

Q2 FY26Commodity cost headwind of ~40 bpsActive

Management expects ~40 bps margin impact from higher precious metal and aluminium prices, partially offset by price increases and value engineering.

Capex

Q3 FY26Capacity expansion to 2 million units by FY28Tracked

Brownfield expansion at the GR plant in Tamil Nadu with an investment of ₹958 crore over 8 quarters, reaching 2 million annual capacity by FY27-28.

Other

Q3 FY26US tariff expected at 18%Tracked

Management expects the US tariff on motorcycles to settle at 18% once steel/aluminum tariff clarity emerges, which would boost exports.