Revenue distribution by sectors:

• Motorcycles: approx. 80%
• Commercial vehicles: approx. 20%

TOP 3 markets and their percentage shares:

• India: approx. 60%
• Europe: approx. 20%
• North America: approx. 10%

Eicher Motors Limited generates the majority of its revenue from the motorcycle segment, especially through the Royal Enfield brand, which is globally renowned. The Indian market remains the largest revenue contributor, followed by Europe and North America, where the company has expanded its presence in recent years. Diversification into commercial vehicles also significantly contributes to the total revenue, but the motorcycle business remains the main driver of the company's growth.

Production sites of Eicher Motors Limited:

Eicher Motors Limited mainly produces its products in India. The key production facilities are located in:

• Chennai, Tamil Nadu: This is the main production site for Royal Enfield motorcycles.
• Oragadam, Tamil Nadu: This facility is also specialized in the production of Royal Enfield motorcycles.
• Vallam Vadagal, Tamil Nadu: Another significant production site for Royal Enfield.

In addition, Eicher Motors operates VE Commercial Vehicles Limited in collaboration with the Volvo Group, which produces commercial vehicles in various plants in India.

These strategically located production sites enable Eicher Motors to efficiently serve both the domestic and international markets.

Revenue Growth: 18% (2024) Profit Growth: 14% (2024)

Eicher Motors Limited is pursuing a multi-pronged growth strategy based on expanding its product range and tapping into new markets. A key element of this strategy is continuous innovation in the motorcycle sector, particularly through the Royal Enfield brand, known for its classic and rugged models.

The company is also heavily investing in electrifying its vehicle fleet to meet the growing demands for sustainable mobility. This includes developing electric motorcycles and expanding production capacities for eco-friendly technologies.

In addition, Eicher Motors is focusing on international expansion, especially in markets like Southeast Asia and Latin America, where the potential for premium motorcycles is increasing. These strategic initiatives are intended to strengthen the company's market position and ensure long-term growth.

Main raw materials: Steel, Aluminum, Rubber

Countries of origin: China, Japan, Thailand, Germany

Eicher Motors Limited, known for the production of motorcycles and commercial vehicles, imports a variety of raw materials to support their manufacturing processes. The key raw materials include steel and aluminum, mainly sourced from China and Japan. These materials are crucial for the production of vehicle frames and parts.

Rubber, used for tires and other components, is often imported from Thailand, one of the world's leading exporters of natural rubber. In addition, Eicher Motors sources special machine parts and technologies from Germany to ensure the quality and efficiency of their production lines.

These import strategies enable Eicher Motors to produce high-quality products while optimizing costs by benefiting from the best available international resources.

Market share in India (Royal Enfield): 30% (2024)
EBITDA margin: 24% (2024)
R&D investments: 5% of revenue (2024)

Eicher Motors Limited, especially through its brand Royal Enfield, has a significant competitive advantage in the motorcycle segment, particularly in India. The 30% market share in the premium motorcycle segment demonstrates strong brand presence and customer loyalty.

The 24% EBITDA margin indicates an efficient cost structure and strong profitability, enabling the company to invest in research and development. With 5% of revenue allocated to R&D, Eicher Motors shows commitment to innovation and product development, contributing to maintaining and expanding its competitive advantage.

Additionally, Eicher Motors benefits from a strong brand identity and a robust dealer network that facilitates customer access and enhances market penetration.

Institutional Investor Share: 35% (estimated, 2025)
Insider Buys/Sells: No significant changes reported (2024)

The institutional investor share in Eicher Motors Limited is estimated to be around 35%. This demonstrates the confidence of large investors in the company's long-term performance.

Regarding insider buys or sells, no significant changes were reported in 2024. This suggests that the management and other insiders are currently not making significant changes to their holdings, which is often interpreted as a sign of stability and confidence in the company's strategy.

Market share of Eicher Motors Limited: 12% (2025, estimated)

Top competitors and their market shares:

1. Hero MotoCorp: 20%
2. Bajaj Auto: 18%
3. TVS Motor Company: 15%
4. Eicher Motors Limited: 12%
5. Honda Motorcycle & Scooter India: 10%
6. Yamaha Motor India: 8%
7. Suzuki Motorcycle India: 7%
8. Royal Enfield (part of Eicher Motors): 5%

Eicher Motors Limited, especially through its brand Royal Enfield, has a significant moat in the premium motorcycle segment. The brand value and customer loyalty are strong competitive advantages supported by the iconic product line of Royal Enfield. This brand has a strong following and is known for its rugged and stylish motorcycles, providing some protection against competitors.

Compared to competitors, Hero MotoCorp has a broader market share, especially in the affordable motorcycle and scooter segment, giving them an advantage in terms of volume and price competition. Bajaj Auto and TVS Motor Company are also strong competitors with diversified product portfolios that are successful both domestically and internationally.

In summary, Eicher Motors holds a clear moat through its niche strategy in the premium segment, while competitors have advantages through larger volumes and diversification in other segments.

Revenue Growth: 18% (2024) Profit Growth: 14% (2024) Market Share in the Premium Motorcycle Segment: 30% (2024)

Eicher Motors Limited recorded strong revenue growth of 18% in 2024, driven by sustained demand for their Royal Enfield motorcycles and expansion into international markets. The company has further solidified its market position in the premium motorcycle segment with a 30% market share.

The 14% profit growth in the same period demonstrates that Eicher Motors is not only able to increase its revenues but also operate efficiently and enhance profitability. This positive trend is supported by strategic investments in new models and technologies that make the company future-proof.

Given these strong fundamental data and Eicher Motors' market position, the stock could present an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend yield: 1.8% (2024)
Dividend growth: 5% annually (last 3 years)

Eicher Motors Limited has regularly distributed dividends in recent years. The dividend yield was approximately 1.8% in 2024, which can be considered moderate compared to other companies in the automotive industry.

The company has experienced a consistent dividend growth of about 5% per year over the last three years. This stability indicates that Eicher Motors pursues a reliable dividend policy, supported by a solid financial performance and a strong market position in the commercial vehicles and motorcycles sector.

Analysts expect that the company will continue to be able to pay dividends in the future, provided that no significant economic or company-specific challenges arise.