On a sequential basis, the company's PAT rose 7.48%, while the revenue rose by 1.85%
Motorcycle maker Royal Enfield on Friday reported a 6 per cent year-on-year increase in wholesales to 75,935 units in February. The company, a part of Eicher Motors, had dispatched 71,544 units in the same month last year. Domestic sales were at 67,922 units last month as against 64,436 units in the year-ago month, a growth of 5 per cent, Royal Enfield said in a statement. Exports rose 13 per cent to 8,013 units compared to 7,108 units in February 2023, it added. "Over the last few months, while our new motorcycle launches have done exceedingly well, our existing motorcycles have also contributed to our strong growth momentum across bookings and retails," Royal Enfield CEO B Govindarajan said. "As we come to the close of the financial year, we are confident of a strong and healthy overall performance, and believe that we can continue this momentum for the next year as well," he said.
Motorcycle maker Royal Enfield said on Thursday its total vehicle sales grew 2 per cent year-on year to 76,187 units in January 2024. The company had sold a total of 74,746 motorcycles in January 2023. The domestic sales were up 4 per cent at 70,556 motorcycles last month compared to 67,702 units while exports declined 20 per cent at 5631 units from 7044 units in January 2023, it stated. "Our recently launched motorcycles continue to perform well across markets, and we have had a great start to the new year. We are confident that we will sustain our growth momentum for months to come," said B Govindarajan, CEO at Royal Enfield.
The bike was launched at a starting price of Rs 2.29 lakh, however, it was later raised by Rs 10,500 to Rs 2,39,500
Booking in India begins today, with retails and test rides starting from September 3
The company is evaluating the market requirements and the business prospect for electric motorcycles in the country
The company said that the production capacity has been ramped up in response to the demand trends
Sales for the company in up to 350cc segment vehicles went up by 39 per cent YoY as the volumes grew from 46,336 in July 2022 to 64,398 in July 2023
The products will include an all-new Bullet which is likely to be launched in early September, along with an all-new Himalayan (K1G) with a liquid-cooled engine
The Speed 400 will be available in the second half of July and the Scrambler 400 X will be available by October this year
Priced at Rs 2.29 lakh, X440 motorbike will directly compete with Eicher Motors' Royal Enfield Classic 350's starting price of Rs 1.93 lakh and the Hunter 350's Rs 1.5 lakh
These bikes are likely to heat up competition for the market leader in the segment, Royal Enfield
The pricing will play a crucial role in terms of the challenge Triumph can pose to the market leader, Royal Enfield
Compared to the Bullet and the Meteor, which appear more substantial in their stance, the Hunter packs a more deceptive look and may not come across as having the same engine as the former two
Management commentary suggests some raw material decline benefits along with price hike to come in effect from Q4FY23 onwards amid robust demand for its product profile .
Stark Future recently launched its first high performance electric motocross bike, the Stark VARG
"Now, we are in the execution phase for EVs. You will see products one after the other starting to come from 2025. When we come, it will be a disruptive motorcycle."
Motorcycle maker Royal Enfield on Saturday reported an over two-fold rise in total sales at 82,097 units in September 2022. The company had sold 33,529 units in the same month last year, Royal Enfield said in a statement. Domestic sales were higher at 73,646 units last month against 27,233 units in September 2021. Similarly, exports were also up at 8,451 units compared to 6,296 units in the year-ago month, it added.
Eicher Motors said the appointment of a new CFO in his place would be intimated in due course. Meanwhile, Arunachalam will now join Cromptom Greaves Consumer as CFO, from September 5
Mid-sized motorcycle maker Royal Enfield, a part of Eicher Motors, on Saturday reported a 7 per cent increase in total wholesales at 73,739 units in December.