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.
Overall, Eicher Motors reported promising numbers, with profits surging over 31 per cent to Rs 983.3 crore in Q4FY24, compared to Rs 747 crore in Q4FY23
Sales of models with engine capacity up to 350cc also went down by about 5% as the sales went down from 74,206 units in September 2022 to 70,345 in September 2023
The company is evaluating the market requirements and the business prospect for electric motorcycles in the country
The pricing will play a crucial role in terms of the challenge Triumph can pose to the market leader, Royal Enfield
Compared to the Bullet and the Meteor, which appear more substantial in their stance, the Hunter packs a more deceptive look and may not come across as having the same engine as the former two
The popular motorbike is expected to beat peers in the domestic market in FY22
Domestic sales were at 37,925 units, as against 49,182 units in the same month last year, down 23 per cent
Niche bike maker Royal Enfield on Thursday said its model Interceptor 650 has been the best selling motorcycle in the UK last month
The Royal Enfield Continental GT 650 starts at an ex-showroom price of Rs 265,000, and the Interceptor 650 starts at an ex-showroom price of Rs 250,000. Deliveries are slated to begin by December