Royal Enfield witnessed a 7% surge in their total sales figures for March, reaching 72,235 units, as compared to 67,677 units sold during the same period in the previous year.
The domestic sales also showed a slight rise of 2%, from 58,477 units in March last year to 59,884 units in the current year.
Exports increased 34% last month to 12,351 units, up from 9,200 units in March 2022.
Royal Enfield reported a 39% increase in fiscal 2022-23, with a record total sale of 8,34,895 motorcycles. In fiscal year 22, the company sold 6,02,268 units.
Exports reached a record high of 1,00,055 units in FY23, up 23% from 81,032 units in FY22.
The CEO of Royal Enfield, B Govindarajan, expressed that the company had an exceptional year with outstanding sales and market share, and for the first time, they surpassed 100,000 international sales volumes.
According to him, the Hunter 350 and Super Meteor 650 motorcycles have surpassed the company's expectations and enticed fresh customers to join their community. He further added that the Hunter 350 achieved more than 100,000 sales within just six months since its launch.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.