Royal Enfield sales volumes grow by 42 percent in April 2016

After posting a strong performance in the 2015-16 financial year, Indian motorcycle manufacturer Royal Enfield has further consolidated its position in the country’s two-wheeler market recently. The Chennai-based manufacturer recorded a growth of 42 percent (y-o-y) last month.

Royal Enfield sold a total of 47,037 units in April 2016 as compared to 33,118 units from the same period last year. 

Along with this, the company also saw a towering growth in terms of exports too. It shipped out 1,160 units, which is a whole 45 per cent higher than the 800 it exported last April.

As mentioned earlier, this news comes in after a remarkable performance from Royal Enfield in the recently concluded financial year that saw it overtake Yamaha as the fifth largest two-wheeler manufacturer in India.

Royal Enfield’s sales volumes have grown by as much as 50 percent in each of the past four years. The company is in the process of setting up a third plant in Vallam Vadagal near Oragadam that will increase its production capacity to 9,00,000 units by 2018.

RE has also entered international markets by setting foot in Thailand last year and also opening sales subsidiary in US. It also started exclusive retail stores in France and Spain.

The company is currently riding high on the overwhelming response to its recently launched 410cc adventure tourer, the Royal Enfield Himalayan. Priced at Rs 1.78 lakh (ex-showroom Maharashtra), the bike is a welcome addition to Royal Enfield’s portfolio that includes the likes of the Classic, Thunderbird, Continental GT and Standard.