Royal Enfield records best ever performance in Q1FY24 with total sales of 2,27,706
The company beat its previous high of Q1FY19, said B Govindarajan, CEO, Royal Enfield.
Royal Enfield has recorded its highest ever total sales of 2,27,706 units in 1QFY24, with over 22 percent growth in the corresponding period of the last financial year.
The company on Saturday reported a 34 percent increase in domestic sales at 67,495 units in June. It had 50,265 units a year ago, Royal Enfield said in a statement. Domestic sales were up 24 percent last month to 64,436 units compared with 52,135 units in December 2021.
Total sales of the company stood at 77,109 motorcycles in the month of June 2023 as against 61,407 motorcycles sold during the same month in the previous financial year, registering a growth of 26 percent over the same period last year.
"I am thrilled to share that we continued our stellar growth momentum in FY24 and have registered our highest ever sales for the first quarter; beating our previous high of Q1FY19. Our recent products continue to perform well across India and International markets and we are optimistic that our exciting line-up of motorcycles will definitely enthral the pure motorcycling enthusiasts across the globe,” said B Govindarajan, CEO, Royal Enfield.
Also read: Exclusive: Royal Enfield working on 750 cc bike rollout in 2025
RELATED ARTICLES
Maruti Suzuki Announces Price Hike Across Models
Rising input costs and regulatory changes force India's largest carmaker to increase prices by up to Rs 62,000, with sev...
India to Reduce EV Tariffs for US Trade Deal, Despite Domestic Automakers' Concerns - Report
India moves to reduce EV tariffs under U.S. trade deal, raising concerns among domestic automakers over competition, inv...
Maharashtra Approves E-Bike Taxi Service in Cities with Over 1 Lakh Population
Maharashtra Cabinet approves electric bike taxi services in cities with over one lakh population, aiming to enhance last...