22 Mar 2024
The subsidiary to enhance the non-motorcycle supply chain for all of Europe was incorporated on March 21, 2024 and is named ‘Royal Enfield Europe B.V.’. the company said.
08 Jan 2024
The proposed investment will be majorly used for the development of new products, EVs (product development and capacity building) and also additionally for any capacity enhancement for ICE, whenever required. It is expected to create employment opportunities for up to 2,000 individuals, both directly and indirectly, the company said.
03 Aug 2023
Total revenue from operations for the quarter was at INR 3,986 crore, up 17.3% compared to INR 3,397 crore in the corresponding quarter of FY 2022-23. EBITDA was INR 1,021 crore, up 22.8% compared to INR 831 crore in the same quarter of the previous financial year, the company said.
01 Jun 2021
The Chennai-based company reported domestic sales of 20,073 units and exports of 7221 units in May 2021.
01 Jan 2020
Sales of Volvo trucks, however, reported a growth of 7.3 per cent at 132 units in December 2019.
27 Aug 2017
Spread over 50 acres, the Vallam Vadagal plant will be Royal Enfield s third manufacturing facility, and will manufacture Royal Enfield motorcycles for India and international markets, Eicher Motors said in a statement.
01 Aug 2017
The company has sold 2,48,457 units in the 2017-18 fiscal so far excluding the exports. Units exported so far in the year stood at 6,418.
01 Aug 2017
The company, a joint venture between Volvo Group and Eicher Motors, had sold 4,374 units in the same month last year.
13 Jul 2017
Edelweiss Securities believes that the traditional auto sector valuation framework is undergoing a change, reflecting business dynamics (growth and cash flows), individual company domination and prospects, and drawing parallels with consumers facing businesses across sectors (from banking to commodities).
09 Jul 2017
Himalayan Odyssey 2017 saw 61 motorcyclists including 6 women riders embark on a journey where they will be traversing some of the roughest terrains and mountain passes, covering a distance of over 2,400 kilometres in 18 days on their Royal Enfield motorcycles.
02 Jul 2017
Following the rising demand for Multix since its launch in June 2015, the company is increasing its footprint into the metros and to all states by adding more dealers.
28 Jun 2017
India is already the exclusive manufacturing hub for the 5-8 litre, medium-duty Euro VI engines for automotive applications for Volvo's home base in Europe.
20 Jun 2017
As part of its international foray, the company will roll out Multix in Nepal next month while it is also exploring opportunities in Bangladesh and African countries.
14 Jun 2017
India's leading motorcycle maker Royal Enfield has announced the dates for Himalayan Odyssey, where bikers will traverse a distance of 2210 km from Delhi to Ladakh region of Jammu and Kashmir.
06 Jun 2017
Analysts are observing more caution in predicting single-digit volume growth for the year.
25 May 2017
We are telling investors that a decent selloff would be a good time to build out positions
08 May 2017
The waiting period of the Classic 350, the highest selling motorcycle model of the company, has come down to two months at the end of March 2017 quarter.
08 May 2017
Current MD Arun Mammen, brother of KM Mammen, has been reappointed vice chairman and MD. The new MD has already had a nearly 14-year stint in various important roles in the company. He joined the company’s board as whole time director seven years ago when he was vice-president, corporate planning and development. Before that he worked in various departments of the company including project execution, production, finance and planning.
08 May 2017
Ducati is arguably the most iconic brand among high-performance motorcycles. And it could soon be owned by an Indian company. Royal Enfield is understood to have been approached to acquire Italian superbike maker Ducati, owned by Germany’s embattled Volkswagen group.
07 May 2017
Besides rising incomes and growing infrastructure in rural areas, one big reason for the spurt in sales has been women commuters who like the ease of zipping in and out of chaotic city traffic on their gearless scooters. For Honda, which leads the scooter market, the share of women is at 35%.