Royal Enfield sales fall 49% to 27294 units in May from 53,298 units in April
The Chennai-based company reported domestic sales of 20,073 units and exports of 7221 units in May 2021.
The Chennai-based company reported domestic sales of 20,073 units and exports of 7221 units in May 2021.
Sales of Volvo trucks, however, reported a growth of 7.3 per cent at 132 units in December 2019.
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.
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.
The company, a joint venture between Volvo Group and Eicher Motors, had sold 4,374 units in the same month last year.
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).
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.
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.
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.
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.
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.
Analysts are observing more caution in predicting single-digit volume growth for the year.
We are telling investors that a decent selloff would be a good time to build out positions
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.
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.
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.
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%.
When the ruling came the two-wheeler industry had an inventory of 6,70,000 units of BS-III models, amounting to Rs 3,800 crore which is half of monthly sales of the industry.
Many shops in metros such as Mumbai, Delhi and Bengaluru ran out of stocks while one Hero dealer in Mumbai had to call in cops to manage the crowds.
The two industry leaders were believe to have briefed Modi about the partnership being forged by the two companies at a global level.
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Manvi Sinha | Unlock to View | Unlock to View | Director | 13 Feb,2015 |
Manhar Kapoor | Unlock to View | Unlock to View | Company Secratary | 09 May,2014 |
Manepanda Joyappa Subbaiah | Unlock to View | Unlock to View | Director | 30 Apr,2009 |
Prateek Jalan | Unlock to View | Unlock to View | Director | 28 Apr,2008 |
Siddhartha Vikram Lal | Unlock to View | Unlock to View | Director | 01 May,2006 |
Srinivasan Sandilya | Unlock to View | Unlock to View | Director | 26 Oct,1999 |
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