Sunday, November 27, 2022
HomeAutoRoyal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

Royal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

With exports of 7,025 units in February 2022, Royal Enfield’s international sales registered a growth of 55% while the domestic market sales declined 20 per cent year-on-year to 53,135 units in February 2022. In February 2021, the company recorded sales of 65,114 motorcycles.

Royal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

In January 2022, Royal Enfield sold 49,726 motorcycles in the domestic market, while exports stood at 9,112 units in the same month. In the period April 2021 to February 2022, Royal Enfield registered a massive growth of 102 per cent with overseas sales of 71,832 units as against 32,737 units a year ago.

Royal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

Domestic market sales in the same period fell 10 percent from 5,13,555 units in the April 2020 to February 2021 period to 4,62,759 motorcycles in the April 2021 to February 2022 period. Overall, the combined sales of Royal Enfield remained flat during the period.

Royal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

Royal Enfield is expanding its product line-up to newer geographies, making the overseas market a key segment for the company. After Royal Enfield launched the new Classic 350 in India in 2021, it was launched in Thailand, Philippines, Korea, Australia, New Zealand and the UK.

Royal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

Royal Enfield is all set to launch a new motorcycle, the Scrum 411. This is the urban-edition of the Royal Enfield Himalayan that will be launched in India in March 2022, followed by a launch in overseas markets in the coming months.

Royal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

Royal Enfield revealed its new concept motorcycle SG 650 at the International Motorcycle Exhibition in Milan last year. The company hasn’t shared any details of the new bike, but it is speculated that the model will be based on the existing 650cc platform found in the Continental GT 650 and Interceptor 650 bikes.

Royal Enfield sold 59,160 motorcycles in February 2022, 15% decline in sales

Keeping in view the growing two-wheeler market in the South-East Asia region, Royal Enfield has started operating its local assembly unit and CKD (Completely Knocked Down) facility in Thailand. This is Royal Enfield’s third local CKD facility after Argentina and Colombia, apart from its state-of-the-art manufacturing facilities in Chennai.

- Advertisement -
MOBILE

- Advertisment -

- Advertisment -spot_imgspot_imgspot_img

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News

spot_img