Royal Enfield, the maker of Bullet’s reported a 33% growth in Sales for the month of October, 2016.
The company sold 59,127 units against 44,522 units during the same month last year – a growth of 32.8%. Royal Enfield Exports increased almost two fold from 384 units to 748 units while its Domestic Sales witnessed a growth of 32%.
Royal Enfield has maintained its strong volume growth in the second quarter of FY 2016-17 and we continue to take more orders than our monthly supply. In addition to India, we also launched the Himalayan in Nepal this September, amongst a very encouraging response. We continue to expand our footprint in India with 605 dealerships now open across the country.
Eicher confirmed that the company’s project on capacity and product development are progressing as per plans and it aims to commercial production at its third plant in Vallam Vadagal, Tamil Nadu by Q2 2017-18.
Its technical centre in UK is in advanced stages of development and should be operational by end of 2016-17 along with the Chennai technical centre that is planned to be operational by end 2017-18.
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