Eicher Motors Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year April 1, 2025 to March 31, 2026, with BSE Limited and the National Stock Exchange of India Limited, pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report forms part of the company's Integrated Annual Report for FY 2025-26 and has been prepared on a standalone basis. Independent reasonable assurance on BRSR Core parameters was conducted by DNV Business Assurance India Pvt. Ltd., covering the company's four manufacturing plants at Cheyyar, Oragadam, Vallam Vadagal, and Tiruvottiyur, along with the Global Headquarters in Chennai.

Company Overview and Operations

Eicher Motors is engaged in the manufacturing and sales of motorcycles, accessories, and associated products under its flagship brand, Royal Enfield. Motorcycles (NIC Code 3091) account for 85.5% of total turnover, with exports contributing 12.3% of total turnover. The company operates across Pan-India (28 States) and in 80+ countries internationally. Its global retail presence includes 356 exclusive stores and more than 869 multi-brand outlets (MBOs) outside India.

The company's paid-up capital stands at ₹ 27.43 Crores, with a turnover of ₹ 22,700 Crores and a net worth of ₹ 21,808 Crores as reported for CSR applicability purposes.

Workforce and Inclusion

As at the end of FY 2025-26, the company employed a total of 3,506 employees (3,321 permanent and 185 other than permanent) and 19,949 workers (1,981 permanent and 17,968 other than permanent). Female representation stood at 10% of total employees and 22% of total workers. Women constituted 12.5% of the Board of Directors (1 out of 8) and 33.3% of Key Management Personnel (1 out of 3).

Gross wages paid to females as a percentage of total wages was 6.51% in FY 2025-26, compared to 6.46% in FY 2024-25. The return-to-work and retention rates for permanent employees and workers who took parental leave were 100% across both male and female categories.

Environmental Performance

The company's verified environmental metrics for FY 2025-26 reflect significant progress across key sustainability parameters. Renewable sources accounted for 92% of electricity used in Royal Enfield operations during the financial year, and the company achieved a water positivity ratio of 3.2 (unaudited) across all facilities. All manufacturing units operate as Zero Liquid Discharge (ZLD) facilities, with treated water reused for irrigation, heating, cooling, and other operational purposes.

The following table summarises the independently verified BRSR Core environmental data for FY 2025-26:

Waste Management

Total waste generated across the company's facilities in FY 2025-26 was 8,797.19 MT. Of this, 7,040.93 MT was recovered through recycling. The company has achieved zero waste to landfill status and operates under an ISO 14001:2015 certified environmental management system.

Energy Conservation Initiatives

The company undertook multiple energy efficiency projects during FY 2025-26, including:

• Energy savings of approximately 12.88 Lakhs kWh through paint shop improvements, jig and line optimisation, pneumatic-to-electrical movement conversion, VFD implementation, LED lighting replacement, and related process optimisation projects
• Approximately 3.30 Crores kWh of renewable energy generated through a 22 MWp offsite Group Captive Power project
• Approximately 36.87 Lakhs kWh generated or saved through rooftop solar installations, including 75 kWp at the Head Office and 3 MWp across Oragadam, Vallam Vadagal, and Cheyyar plants
• LPG savings of 2.71 MT during FY 2025-26 through various energy conservation projects
• An additional 10 MWp Group Captive Solar project is currently underway

Employee Safety and Well-being

The company recorded zero fatalities and zero high-consequence work-related injuries in FY 2025-26. Total recordable work-related injuries stood at 2, with a Lost Time Injury Frequency Rate (LTIFR) of 0.05 per one million person-hours worked. Well-being expenditure as a percentage of total revenue was 0.11% in FY 2025-26, compared to 0.14% in FY 2024-25.

All four manufacturing facilities, the spare parts warehouse, and the corporate headquarters are covered under an ISO 45001-certified Occupational Health and Safety Management System. Health and safety practices and working conditions were assessed at 100% of plants and offices during the year.

Sustainable Sourcing and Supply Chain

Approximately 73.5% of total direct materials in FY 2025-26 were sourced from suppliers within a 500-km radius. Additionally, 92% of parts were supplied using returnable green packaging. The company's supplier ESG assessment revealed that 80.6% of suppliers by purchase value use renewable energy, 80.1% are certified to ISO 14001 Environmental Management System standards, and 74.0% are certified to ISO 45001 Occupational Health and Safety Management System standards.

Input material sourced directly from MSMEs/small producers accounted for 15.68% of total purchases, while 89.45% was sourced directly from within India. Accounts payable days stood at 64 in FY 2025-26, compared to 73 in FY 2024-25.

CSR and Community Engagement

The company's Social Mission, focused on the Indian Himalayan Region, has directly engaged with 78+ Himalayan communities across 13 aspirational districts, impacting approximately 1 Lakh people, with more than 85% from vulnerable and marginalised groups. The company also reached more than 23 Lakhs people as secondary beneficiaries through its Social Mission.

CSR spending in designated aspirational districts during FY 2025-26 is detailed below:

The company's key CSR programmes and their primary beneficiaries include:

Governance and Policy Framework

The Risk Management Committee of the Board holds the highest oversight responsibility for the company's Business Responsibility and Sustainability initiatives, supported by the ESG Council comprising the Managing Director, Chief Financial Officer, and CSR Head. All nine NGRBC principles are covered by Board-approved policies, which have been translated into procedures and extended to value chain partners.

The company holds the following internationally recognised management system certifications:

• ISO 9001:2015 – Quality Management System
• ISO 14001:2015 – Environmental Management System
• ISO 45001:2018 – Occupational Health and Safety Management System
• ISO 50001:2018 – Energy Management System

The company reported no instances of data breaches, no product recalls on account of safety issues, no anti-competitive conduct, and no fines or penalties from regulatory or law enforcement agencies during FY 2025-26. Sales to dealers and distributors accounted for 99% of total sales, with 1,074 dealers/distributors, and the top 10 dealers/distributors accounting for 7.40% of total dealer sales.

A notable block trade in Eicher Motors was recorded on the National Stock Exchange (NSE), drawing attention to significant large-investor activity in the stock. The transaction involved approximately 28,003 shares executed at a price of ₹7,717.00 per share, aggregating to a total deal value of ₹21.61 crore.

Block Trade Details

The following table summarises the key parameters of the block trade:

Market Significance

Block trades of this scale are typically associated with institutional investors, mutual funds, or other large market participants executing bulk transactions. Such trades are executed outside the regular order book to minimise market impact, and their occurrence often signals meaningful portfolio activity by significant stakeholders in the company.