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Eicher Motors, the parent company of Royal Enfield, reacted sharply to the development, as Royal Enfield's flagship 'Bullet' may face stiffer competition from globally renowned players.
American motorcycle brand Harley-Davidson, which exited the Indian market in 2020 due to low sales attributed in part to high import duties, could potentially re-enter with a significant pricing advantage if the proposed duty cut is implemented.
Meanwhile, Royal Enfield has been expanding its presence in the premium motorcycle segment with models like the Interceptor 650 and Continental GT 650, which could now face heightened competition under the proposed regime.
Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo—Volvo Eicher Commercial Vehicles, which operates in India's commercial vehicle space.
On a consolidated basis, net profit of Eicher Motors rose 17.52% to Rs 1170.50 crore while net sales rose 18.77% to Rs 4888.11 crore in Q3 December 2024 over Q3 December 2023.
Royal Enfield, the global leader in the mid-size motorcycle segment (250cc–750cc), today announced the launch of the new Classic 350 in Nepal. A timeless symbol of style and substance, the Classic 350 now arrives with modern enhancements, elevating its legendary appeal. The motorcycle will be rolled out from the exclusive Royal Enfield CKD facility in Nepal, providing seamless accessibility to customers in the country.
Starting at an MRP of NPR 5.55 lakhs, the entry-level Heritage variant now features dual-channel ABS, along with premium upgrades such as LED headlamps, LED pilot lamps, a Type-C USB charger, and a gear position indicator — offering unmatched value and refinement. With this, Royal Enfield introduces ABS as a standard feature in Nepal across all variants of the Classic for the very first time.
The new Classic 350 is available in seven striking colourways across five distinctive variants—Heritage, Heritage Premium, Signals, Classic Dark, and Classic Chrome—each blending timeless design with modern engineering.
Speaking on the launch of the Classic 350 in Nepal, Yadvinder Singh Guleria, Chief Commercial Officer, Royal Enfield said, 'Nepal has always been special for us. In just two years, since the start of our CKD operations here, we've been overwhelmed by the exceptional response Royal Enfield motorcycles received from the market. We are proud to forge a deep connection & love with our Customers in Nepal. Today, 8 out of 10 enthusiasts in the middleweight motorcycle segment are trusting our brand by taking home one of Royal Enfield's motorcycles. With a portfolio that's as diverse as it is loved, we have been expanding our network faster to be closer to our customers and are delighted to lead this segment. The new Classic 350 with its timeless design, meticulous engineering, and a whole lot of soul, builds on that momentum beautifully. We are confident the new launch will open the world of pure motorcycling to an entirely new generation in Nepal.”
The company sold 87,312 units of models with engine capacity of up to 350cc (up 32% YoY) and 13,709 units of models with engine capacity exceeding 350cc (up 49% YoY).
The international business division recorded sales of 12,971 units in March 2025, marking a 36% increase on a YoY basis.
B Govindarajan, managing director and CEO of Royal Enfield, said, 'This year has been nothing short of extraordinary for Royal Enfield. Crossing the 1 million annual sales milestone, our highest ever, is a testament to how far we’ve come. From a time when 50,000 motorcycles a year felt like a big win to now setting new global benchmarks in the mid-size segment, our journey has been incredible. The overwhelming response to the Bullet Battalion Black and the new Classic 350, along with our ability to quickly adapt to rider feedback with new variants, made this our best year yet.'
The company reported a 17.5% jump in consolidated net profit to Rs 1,170.50 crore in Q3 FY25 as compared with Rs 995.97 crore in Q3 FY24. Revenue from operations increased 18.8% YoY to Rs 4,888.11 crore in Q3 FY25.
Shares of Eicher Motors fell 1.10% to Rs 5,289.10 on the BSE.