Royal Enfield sells 60696 units in May, grows 25pc

 Royal Enfield registered sales of 60696 motorcycles in combined domestic wholesale and exports in May 2017, recording a growth of 25% over the same period last year.

Business Update

Eicher Motors announced investments of Rs 800 crores in Royal Enfield business in FY 2017-18 in the last concluded Q4/12 month Annual Results for FY 2016-17. In the month of May 2017, Eicher Motors announced an investment of Rs. 800 crores in FY 2017-18 towards Royal Enfield’s upcoming manufacturing facility at Vallam Vadagal near Chennai, product development, two technical centres in UK & India and towards market expansion. The plant is expected to be operational by August 2017. With the third plant coming into action, combined capacity of Royal Enfield is expected to be 825,000 motorcycles in 2017-18. 

Royal Enfield posted its best ever performance in quarter ended March 2017. In this quarter, Royal Enfield sold 178,345 motorcycles, registering its best ever quarterly sales and posting a growth of 20.8% over 147,618 motorcycles sold in the same period last year. Royal Enfield also posted its highest ever quarterly income from operations at Rs. 1,888 crores (net of excise duty) for Q4 2016-17, a growth of 23.2% over the corresponding period last year.