Page 5 - Royal Enfield

Royal Enfield with Triveni Group starts operation of assembly unit in Nepal

Motorcycle maker Royal Enfield on Friday announced the commencement of operations of its assembly unit in Nepal. The unit has been set up in collaboration with the Triveni Group of Nepal. The complete knocked down (CKD) assembly unit has an annual capacity of 20,000 units. It will begin operations with local assembly of the new Classic 350 and the SCRAM 411 for Nepal, Royal Enfield said in a statement. "Located in Birgunj, the new facility is the Royal Enfield's fifth CKD assembly unit in the world - after Brazil, Thailand, Colombia and Argentina," the company said. Royal Enfield CEO B Govindarajan said, "This new CKD facility in Nepal is in line with our ambitious global expansion strategy of investing in markets with huge potential to grow." The motorcycle market in Nepal is on a confident rebound journey, and Royal Enfield sees huge potential for the market to grow substantially, the company said. "Pre-pandemic the motorcycle segment in Nepal was nearly 1.7 million units per y

Royal Enfield sales rise 22% in May at 77,461 units, domestic sale rise 32%

Motorcycle manufacturer Royal Enfield on Thursday said its total sales increased 22 per cent to 77,461 units in May as compared with 63,643 units in the year-ago period. Domestic wholesales increased 32 per cent to 70,795 units as against 53,525 units in May 2022. Exports however declined 34 per cent to 6,666 units last month from 10,118 units in the year-ago period. "At Royal Enfield, we have been able to maintain excellent momentum. Hunter continues to perform very well and has registered highest ever sales in a single month," company CEO B Govindarajan said in a statement.

Royal Enfield starts delivery of E20 compatible Hunter bikes; an overview

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

Royal Enfield looking to roll out uniquely differentiated e-bikes: CEO

Royal Enfield is developing 'uniquely differentiated electric motorcycles' and has already started investing towards product development and creating a supplier ecosystem around its Chennai-based plant, according to CEO B Govindarajan. The company, which is part of Eicher Motors, has announced a capex of Rs 1,000 crore for the current fiscal with a focus on various aspects, including EV manufacturing and product development. Part of the capex would also go into the rolling out of new products from the company's existing internal combustion engine portfolio. "On the EV journey, we have been making steady progress. I can say Royal Enfield's EV journey is in the top gear now. Our intention is to create uniquely differentiated electric motorcycles with strong Royal Enfield DNA," Govindarajan said in an analyst call. The company has commissioned a very capable team and has started committing very deep investments in terms of product development, product strategy and in the product testi

New launches, exports pick up to drive volume gains for Eicher Motors

Margin expansion is expected to continue on strong volumes, improving mix, say analysts

Eicher Motors soars 7% in a weak market on solid Q4 perforance

F&O View: Options data suggest likely resistance for the stock in the range of Rs 3,670 - 3,750; Support Rs 3,500 - Rs 3,550.

Motorcycle maker Royal Enfield sales grow 18% to 73,136 units in April

Motorcycle maker Royal Enfield on Monday reported an 18 per cent growth in total sales at 73,136 units in April 2023 compared to 62,155 units in the same month last year. Domestic sales grew 28 per cent to 68,881 units from 53,852 units in the year-ago month, the company said in a statement. Exports, however, declined by 49 per cent last month to 4,255 units compared to 8,303 months in April 2022. Royal Enfield CEO B Govindarajan said the company has begun FY24 on a confident footing after closing FY23 on a high note. The company has recently launched its Hunter 350 and the Scram 411 models in the USA and Latin American markets, he said, adding "I am sure that these motorcycles will continue to perform well and strengthen our foothold in these markets".

Royal Enfield records increase in total sales by 7% at 72,235 units in Mar

Motorcycle maker Royal Enfield on Saturday reported a 7 per cent growth in total sales at 72,235 units in March, as compared to 67,677 units in the same month last year. Domestic sales were at 59,884 units in the month under review, as against 58,477 units in the year-ago month, a growth of 2 per cent, the company said in a statement. Exports grew 34 per cent last month at 12,351 units, as compared to 9,200 months in March 2022. For the fiscal 2022-23, Royal Enfield said it posted a 39 per cent growth with a record total sales of 8,34,895 motorcycles. The company's sales stood at 6,02,268 units in FY22. Exports were also at record high at 1,00,055 units in FY23, as compared to 81,032 units in FY22, up 23 per cent. Royal Enfield CEO B Govindarajan said it was a remarkable year for the company achieving new heights in sales and market share, and crossed 1,00,000 international volumes for the first time. "Our motorcycles, like the Hunter 350 and Super Meteor 650, have exceeded ...

Royal Enfield sales fall 7% to 68,400 units in Dec, domestic sales down 8%

Motorcycle maker Royal Enfield on Sunday reported a 7 per cent decline in total sales at 68,400 units in December 2022. The company had sold 73,739 units a year ago, Royal Enfield said in a statement. Domestic sales were down 8 per cent last month to 59,821 units compared to 65,187 units in December 2021. Exports were almost flat at 8,579 units against 8,552 units in the year-ago period, the company said.

EV push: Eicher Motors to pick 10.35% stake in Spain-based Stark Future

Stark Future recently launched its first high performance electric motocross bike, the Stark VARG

Royal Enfield will be a disruptive player in electric motorcycles: CEO

"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."

Volume growth, weak mix likely to impact Eicher Motors' margins

Muted domestic demand and margin pressure may weigh on the stock

Two-wheelers rev up for mid-size battles amid rising competition

Royal Enfield has made aggressive moves in the 250-350 cc segment that it dominates, but the competition is accelerating

Brokerages see margin expansion at auto firms as outlook turns positive

Higher volumes and softer raw materials to drive expansion

Eicher Motors Q2 results: Net profit rises 76% to Rs 657 cr, revenue up 56%

Eicher Motors recorded a 56 per cent increase in revenue from operations at Rs 3,519 crore

Success of new launches, margin improvement to drive Eicher Motors

September volumes were better than estimates led by the new launch Hunter 350

Royal Enfield sales rise over two-fold to 82,097 units, domestic sales up

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.

Hyundai, Royal Enfield improved the most in dealer satisfaction study: FADA

The overall dealer satisfaction index improved from 657 points last year to 719 points this year, the study noted

Royal Enfield's total sales jump 53% to 70,112 units in August

Motorcycle maker Royal Enfield on Thursday reported a 53 per cent increase in total sales at 70,112 units in August, 2022. The company had sold 45,860 units in the same month last year, Royal Enfield said in a statement. Domestic sales were at 62,236 units as against 38,572 units in August 2021, registering a growth of 61 per cent, it added. Exports grew by 8.1 per cent at 7,876 units last month as compared to 7,288 units in the year-ago period, the company said. Royal Enfield CEO B Govindarajan said the company witnessed incremental volumes following the launch of its new bike Hunter 350 early last month and sales of the model will start across several international markets in the coming months.

Eicher Motors sinks 3% as CFO Arunachalam tenders resignation

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