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On the bourses, M&M has gained about 6% over the past month, while Uno Minda has surged more than 6%. On the flipside, TVS Motor dropped over 1%. In comparison, BSE Auto index declined nearly 2.5%
Eicher's stock rose more than 8.3 per cent and was the top gainer on the Nifty auto index, which was up about 1 per cent
For Q2 FY25, VECV's profit after tax stood at Rs 209 crore, as against Rs 187 crore last year
Royal Enfield, a division of Eicher Motors, forayed into electric bike space on Monday with the unveiling of its first model under the all-new Flying Flea brand
The first model under Flying Flea to hit the road next year will be the FF-C6
Facility will assemble four models of the Indian motorcycle maker
Motorcycle maker Royal Enfield on Wednesday said its total wholesales increased 11 per cent year-on-year to 86,978 units in September. The company had dispatched 78,580 units in September 2023. In the domestic market, dispatches increased 7 per cent year on year to 79,326 units from 74,261 units in the year-ago period, Royal Enfield said in a statement. Exports increased from 4,319 units in September last year to 7,652 units last month. "We have registered steady growth in the month of September owing to our recent launches. The 2024 Classic 350 has continued to solidify its iconic status and popularity among riders and has been performing well," Royal Enfield CEO B Govindarajan said. As the company continues to innovate and deliver pure motorcycling experience, the momentum will only accelerate, he added.
Although there have been no major incidents reported, Royal Enfield is recalling these motorcycles as a precautionary measure to maintain high safety standards
The introduction of the Jawa 42 FJ is part of Classic Legends' broader strategy to expand and strengthen its presence
The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.
Royal Enfield has witnessed a good start to FY25. Our diverse product range strengthened our position in the mid-size segment across the globe
The business is growing quickly in the EU and the new warehouse will cut lead times to two weeks from 90 days currently, Gopal added
The brokerage is upbeat on the company's prospects due to promising growth outlook of Royal Enfield
Motorcycle maker Royal Enfield on Friday reported a 6 per cent year-on-year increase in wholesales to 75,935 units in February. The company, a part of Eicher Motors, had dispatched 71,544 units in the same month last year. Domestic sales were at 67,922 units last month as against 64,436 units in the year-ago month, a growth of 5 per cent, Royal Enfield said in a statement. Exports rose 13 per cent to 8,013 units compared to 7,108 units in February 2023, it added. "Over the last few months, while our new motorcycle launches have done exceedingly well, our existing motorcycles have also contributed to our strong growth momentum across bookings and retails," Royal Enfield CEO B Govindarajan said. "As we come to the close of the financial year, we are confident of a strong and healthy overall performance, and believe that we can continue this momentum for the next year as well," he said.
Make waves in above 350cc segment, growing demand spurs production growth
Mid-sized motorcycle maker Royal Enfield on Friday announced its foray into the Turkish market through a distribution partnership with K-Rides Motosiklet ve Bisiklet San. ve Tic. A.S., a subsidiary of Kibar Holding. K-Rides Motosiklet ve Bisiklet San. ve Tic. A.S. will be the official distributor partner in Turkiye. The first flagship store is set to open in Istanbul this spring, Royal Enfield said in a statement. Through the partnership a lineup of motorcycles including Bullet, Classic, HNTR, Meteor, Super Meteor, Interceptor, Continental GT, the new Himalayan and the Shotgun, featuring engine displacements of 350cc and 650cc will be sold in the country, it added. "We are confident in their knowledge and deep understanding of the Turkish markets and with this association Royal Enfield will further strengthen its presence in the region's mobility sector," said Royal Enfield Chief Commercial Officer Yadvinder Sing Guleria. Kibar Holding Chief Corporate Development Officer Gokhan ..
Motorcycle maker Royal Enfield said on Thursday its total vehicle sales grew 2 per cent year-on year to 76,187 units in January 2024. The company had sold a total of 74,746 motorcycles in January 2023. The domestic sales were up 4 per cent at 70,556 motorcycles last month compared to 67,702 units while exports declined 20 per cent at 5631 units from 7044 units in January 2023, it stated. "Our recently launched motorcycles continue to perform well across markets, and we have had a great start to the new year. We are confident that we will sustain our growth momentum for months to come," said B Govindarajan, CEO at Royal Enfield.
Competing in the mid-capacity segment, the Jawa 350 will face off against the Royal Enfield Classic 350 (priced between Rs 1.93 to 2.24 lakh) and Honda H'ness CB 350 (ex-showroom Rs 2.09 - 2.16 lakh)
Motorcycle manufacturer Royal Enfield, a unit of Eicher Motors Ltd, has earmarked investments of Rs 3,000 crore spread over a period of eight years in Tamil Nadu towards development of new products, the company said on Monday. The investments are expected to generate about 2,000 direct and indirect jobs in the region. As per a Memorandum of Understanding signed with the Tamil Nadu government during the Global Investors Meet here, the investments would be used to set up greenfield and brownfield projects in the region, among other things. This investment will be mainly used for the development of new products, Electric Vehicles (EVs) product development and capacity building and also additionally for any capacity enhancement for ICE (internal combustion engine), whenever required, a release from the company said. Royal Enfield CEO B Govindarajan exchanged documents with Tamil Nadu Industries Department Secretary V Arun Roy during GIM 2024 in the presence of Chief Minister M K ...
Like Triumph, US giant Harley-Davidson Inc. is also renewing efforts in India, where Royal Enfield is revered to a similar extent as Harley is in the US