Motorcycle Maker Royal Enfield Sales Grow 18% To 73,136 Units In April
Listen to This Article
Motorcycle maker Royal Enfield on Monday reported an 18 per cent growth in total sales at 73,136 units in April 2023 compared to 62,155 units in the same month last year.
Domestic sales grew 28 per cent to 68,881 units from 53,852 units in the year-ago month, the company said in a statement.
Exports, however, declined by 49 per cent last month to 4,255 units compared to 8,303 months in April 2022.
Royal Enfield CEO B Govindarajan said the company has begun FY24 on a confident footing after closing FY23 on a high note.
The company has recently launched its Hunter 350 and the Scram 411 models in the USA and Latin American markets, he said, adding "I am sure that these motorcycles will continue to perform well and strengthen our foothold in these markets".
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more