Royal Enfield has launched the Bullet 650 in India, priced at ₹3,64,856 (ex-showroom), expanding its portfolio in the mid-size motorcycle segment. The new model, which retails across the country starting May 28, 2026, combines the iconic design of the Bullet with a modern 650cc platform. This launch marks a significant update for the model, which has been in continuous production since 1932.

The Bullet 650 is powered by a twin-cylinder engine paired with a 6-speed gearbox and a light slipper clutch. The motorcycle is built on a steel tubular spine frame and features Showa suspension, including 41mm front forks with 120mm travel and twin-tube rear hydraulics with 112mm travel. It rides on 19-inch front and 18-inch rear wheels, maintaining the classic proportions of the series.

Design elements include a teardrop fuel tank with hand-painted gold pinstripes and a winged 3D badge. The motorcycle also features a casquette-mounted LED headlamp, twin "tiger-eye" pilot lamps, and peashooter exhausts in chrome. The instrument cluster blends an analogue display with a digital LCD, providing information such as fuel level, trip meter, and gear position.

B Govindarajan, Managing Director of eicher motors and CEO of Royal Enfield, stated that the company aimed to elevate the Bullet with modernity while retaining its essence. He noted that the motorcycle's global showcase at EICMA 2025 had generated significant interest.

The Bullet 650 is available in two colour schemes: Cannon Black and Battleship Blue. Customers can personalise their motorcycles with a range of Genuine Motorcycle Accessories. The company operates through over 2074 stores across India.

Key Specifications

Eicher Motors reported its audited consolidated financial results for the quarter and financial year ended March 31, 2026, achieving its highest-ever annual revenue, Profit After Tax (PAT), and EBITDA. The company recorded a PAT of ₹5,515 crores for FY26, a growth of 17% year-on-year, while revenue from operations reached ₹23,408 crores, up 24%. The strong performance was driven by robust sales across its Royal Enfield and VE Commercial Vehicles (VECV) segments, alongside strategic expansion plans and a new joint venture announcement.

Q4 FY 2025-26 Performance

For the fourth quarter, Eicher Motors reported a revenue of ₹6,080 crores, a 16% increase from the corresponding quarter of the previous year. Net profit rose to ₹1,520 crores, while EBITDA stood at ₹1,514 crores. The EBITDA margin expanded to 24.89% from 24% in the year-ago period.

The following table summarises the key Q4 financial metrics against the prior year:

Full Year Financial Highlights

For the full financial year, the company delivered record results across all major financial parameters. The following table presents the consolidated annual performance:

Operational Highlights

Royal Enfield recorded its highest-ever Q4 sales of 313,811 motorcycles, a 12% growth over Q4 FY25. For the full year, Royal Enfield sold 1,227,977 units, surpassing 1.2 million units for the second consecutive year, marking a 22% YoY increase. Domestic sales grew 23% to 1,107,343 units, while international volumes increased 20% to 120,634 motorcycles.

VE Commercial Vehicles (VECV) also reported a robust performance with sales of 33,976 vehicles in Q4, up from 28,675 vehicles in the previous year. For FY26, VECV sold 103,404 units, growing 14.7% over FY25, and achieved its highest-ever revenue of ₹27,076.6 crores.

Strategic Developments

The Board of Directors recommended a final dividend of ₹82 per share for the financial year ended March 31, 2026. Additionally, the company announced a significant investment of ₹958 crores for brownfield capacity expansion at its Cheyyar facility to increase annual production capacity from 14.6 lakh units to 20 lakh units. Eicher Motors also marked its entry into the electric mobility space with the launch of the Flying Flea C6.

In a major strategic move, Eicher Motors announced a proposed 50-50 joint venture with Volvo Group to enter the vehicle financing business in India. The company plans to invest up to ₹750 crores for its 50% stake in Volvo Financial Services India, which currently has assets under management of ₹1,806 crores. This JV will serve as the captive financing arm for VECV, Eicher Motors, and Volvo Group products in India.