The company had sold 63,536 units in the same month last year
Priced Rs 201,314 (ex-showroom, Chennai) onwards, the Himalayan 2021 is currently available for bookings and test rides in India
Its presence abroad currently is either through exclusive stores or multi-brand outlets; It now seeks to set up CKD units in priority markets in APAC and LatAm region
Niche bike maker Royal Enfield may look at hiking prices from April in view of rising commodity prices, a top company official said on Wednesday. The company, which is a part of Eicher Motors, has already increased prices by multiple times over the last six months. "Commodity prices have gone up, we have tried to offset it by multiple things including price hikes in the last few months. We will probably be increasing prices again in April like everyone else in the industry," Royal Enfield CEO Vinod K Dasari told reporters. When asked about the quantum of the price hike, Dasari said it would be in single digit (percentage terms). Elaborating on the company's export plans, Eicher Managing Director Siddhartha Lal said the company aims to be the number one player in the mid-sized motorcycle segment globally. "We want to be present across all relevant markets across the globe. Our aim is to be number one player in the mid size bike segment in the next decade," he noted. Lal said the .
Motorcycle maker Royal Enfield on Monday reported an 8 per cent increase in total sales at 68,887 units in January
A modern classic, yet retro looking, the Enfield's basic form remains fairly simple and lends itself well to customisation.
Book review of Indian Icon: A Cult Called Royal Enfield
The increase came on back of last year's low base
However, overall sales for nine months to December drop 24%
Competition in the middleweight segment and a growing market for electric bikes pose challenges for dominant two-wheeler player
Total sales during the month up six per cent, YTD sales down 30 per cent
Dealers fear a weak retail demand may lead to stock pile-up
Under the agreement Hero Motocorp will produce and handle distribution and after-sales for Harley products
Rural sales at present are around 23 per cent of overall sales, which is nearly the same as in pre-Covid times
Motorcycle maker Royal Enfield on Friday reported a 1% increase in its total sales at 60,041 units in September
India's inability to keep a premium manufacturer with an outsize brand points to misaligned incentives, writes Anjani Trivedi.
The local assembly unit in Argentina will be based at Grupo Simpa's facility located in Campana, Buenos Aires
"The uncertainties continue, but things are looking up on the demand side for motorcycles and it is expected to catch up soon in commercial vehicles," said Siddhartha Lal, MD and CEO at Eicher Motors
"The previous quarter put forth unprecedented challenges for the industry and for Eicher Motors," said Managing Director Siddhartha Lal
The year-on-year decline also narrowed to 4.4% in July from the high double-digit decline in the previous month