Royal Enfield has reported gross sales of 63,643 bikes in May 2022, recording a exceptional progress of 133 per cent over the sale of 27,294 bikes in May 2021, when the second wave of the pandemic affected the business final yr. Continuing its worldwide progress momentum, the corporate offered its highest-ever bikes in abroad markets, 10,118 models, marking a year-on-year progress of over 40 per cent. In the home market, Royal Enfield continued its secure efficiency with 53,525 bikes offered within the month of May.
Compared to April 2022 gross sales, Royal Enfield’s total gross sales in May 2022, grew by simply 2.39 per cent, from 62,155 models in April to 63,643 models within the month of May. In the home market, gross sales remained flat, with April 2022 home gross sales accounting for 53,582 bikes, whereas May 2022 home gross sales accounted for 53,525 bikes. However, in abroad markets, Royal Enfield registered a month-on-month progress of practically 22 per cent in May 2022. In April 2022, Royal Enfield had shipped 8,303 bikes, in comparison with over 10,118 bikes shipped to abroad markets in May 2022.
The sub 350 cc bikes proceed to stay prime contributors for the corporate with the likes of the Bullet 350, Classic 350, and Meteor 350. The Royal Enfield Scram 411 and Himalayan additionally proceed to contribute with spectacular gross sales volumes.
On May 13, 2022, Eicher Motors Limited introduced the appointment of B Govindrajan as Chief Executive Officer of Royal Enfield. With this appointment, Govindrajan will probably be CEO, Royal Enfield and Wholetime Director of the Board of Royal Enfield’s father or mother firm, Eicher Motors Ltd. For the quarter ended March 31, 2022, Eicher Motors’ whole income from operations was at an all-time excessive of ₹ 3,193 crore, up by 8.6 per cent, in comparison with ₹ 2,940 crore within the corresponding quarter of FY 2020-21. Proft after tax was ₹ 610 crore, a rise of 16 per cent, in comparison with ₹ 526 crore throughout the identical interval final yr.