In the home market, Royal Enfield’s gross sales declined 20 per cent to 53,135 items in February 2022, however exports grew 55 per cent to 7,025 items.
View PhotosRoyal Enfield bought 59,160 bikes in February 2022
Royal Enfield has reported general gross sales of 59,160 bikes in February 2022, recording a 15 per cent decline in opposition to gross sales of 69,659 bikes in the identical month a yr in the past. According to the corporate, provide chain constraints because of the scarcity of semiconductor chips continued to persist throughout the month, and Royal Enfield is working with its provider ecosystem to resolve the identical. Royal Enfield’s worldwide gross sales continued its upward trajectory with the corporate posting a progress of 55% in exports YoY, with exports of seven,025 items in February 2022.
Also Read: Royal Enfield Reports All-Time High Monthly Exports In January 2022
Royal Enfield’s gross sales within the home market declined 20 per cent year-on-year. But month-on-month, home market gross sales appear to be on an upswing.
While home market gross sales declined 20 per cent year-on-year to 53,135 items in February 2022, in comparison with gross sales of 65,114 motorcycled in the identical month a yr in the past, the corporate continued its restoration within the home market and posted an enchancment over January 2022 . In January 2022, Royal Enfield had bought 49,726 bikes within the home market. Exports in January 2022, nevertheless, have been stronger with the corporate reporting its highest-ever month-to-month exports of 9,112 items.
Also Read: Royal Enfield’s Parent Company Eicher Motors Reports 14% Decline In Net Profit
Royal Enfield’s gross sales in abroad markets proceed to develop. In February 2022, exports accounted for simply over 7,000 items, recording 55 per cent progress year-on-year.
In the April 2021 to February 2022 interval, Royal Enfield reported an enormous 102 per cent enhance in abroad gross sales, up from 32,737 bikes a yr in the past, to 71,832 bikes within the interval underneath evaluate. Domestic market gross sales in the identical interval fell 10 per cent from 513,555 within the April 2020 to February 2021 interval, to 462,759 bikes within the April 2021 to February 2022 interval. Overall, Royal Enfield’s mixed gross sales remained flat within the interval.
Also Read: Upcoming Royal Enfield Scram 411 Spotted At A Dealership
0 Comments
While abroad markets proceed to stay a spotlight space, as Royal Enfield expands its product line-up to newer geographies. The new Classic 350 has been launched within the Philippines, Korea, Australia, New Zealand and the UK, following launches in India and Thailand in 2021. Royal Enfield can be on the brink of launch the brand new Royal Enfield Scram 411, an urban-focussed model of the Royal Enfield Himalayan, which will likely be launched in India in March 2022, adopted by launches in abroad markets within the months forward.
For the most recent auto information and critiques, observe on carandbike.com Twitter, Facebookand subscribe to our YouTube channel.
,
With inputs from NDTV
