The increase came on back of last year's low base
However, overall sales for nine months to December drop 24%
Competition in the middleweight segment and a growing market for electric bikes pose challenges for dominant two-wheeler player
Total sales during the month up six per cent, YTD sales down 30 per cent
Dealers fear a weak retail demand may lead to stock pile-up
Under the agreement Hero Motocorp will produce and handle distribution and after-sales for Harley products
Rural sales at present are around 23 per cent of overall sales, which is nearly the same as in pre-Covid times
Motorcycle maker Royal Enfield on Friday reported a 1% increase in its total sales at 60,041 units in September
India's inability to keep a premium manufacturer with an outsize brand points to misaligned incentives, writes Anjani Trivedi.
The local assembly unit in Argentina will be based at Grupo Simpa's facility located in Campana, Buenos Aires
"The uncertainties continue, but things are looking up on the demand side for motorcycles and it is expected to catch up soon in commercial vehicles," said Siddhartha Lal, MD and CEO at Eicher Motors
"The previous quarter put forth unprecedented challenges for the industry and for Eicher Motors," said Managing Director Siddhartha Lal
The year-on-year decline also narrowed to 4.4% in July from the high double-digit decline in the previous month
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
Customers can now book the 'Service on Wheels' by contacting their nearest Royal Enfield dealership outlet
Niche bike maker Royal Enfield has reported a 35 per cent decline in total sales at 38,065 units in June. The company had registered total sales of 58,339 units in the same month a year ago, Royal Enfield said in a late night statement on Wednesday. Domestic sales in June were at 36,510 units as against 55,082 units in the year-ago month, down 34 per cent, it added. Exports last month were at 1,555 units as compared with 3,257 units in June 2019, a decline of 52 per cent, it said.
Eicher Motor also announced a stock split of 10 shares for every share held
Bookings are now at pre-Covid levels of around 60,000 a month in India, said CEO Dasari
Royal Enfield said its facilities, offices and stores across India had remained closed in compliance with government guidelines between March 22 and May 5, 2020