Fresh reports say that Royal Enfield 350cc and 500cc bikes will receive a price hike of 2%, because of an increase in the manufacturing costs.
Royal Enfield bikes ranging in 350-500cc will observe a price hike of 2%, around Rs 1,500 to Rs 2,000 over the regular prices. Reportedly, the hiked prices will come in effect from February 1.
The list includes Royal Enfield Classic 350, Classic 500, Bullet 350, Bullet 500, Thunderbird 350 and Thunderbird 500. The price hike will not be applicable to the 650 Twins.
Reportedly, the prices are set to be hiked because of an increase in the manufacturing cots. Probably, a certain part may now be more expensive than earlier.
Currently, the Royal Enfield range starts from Bullet 350, priced at Rs 1.28 Lakhs (ex-showroom). The most premium product from the brand is Continental GT 650, which goes up to Rs 2.85 Lakhs.
Bullet 350 will soon get an ABS update, which will further increase its prices. Rest of the motorcycles in RE’s lineup are equipped with ABS. Like Bullet 500, the 350 might also get a single-channel ABS setup.
Currently, the brand is one of the most popular premium motorcycle manufacturers. Classic 350 is the best-selling model in its segment and also makes it to the top-10 selling motorcycles every month.
Its lowest selling variant is the Bullet 500. Actually, all 500cc motorcycles are selling below average, when compared to the 350cc motorcycles.
Royal Enfield launched the Interceptor 650 and Continental GT 650 in November 2018. The 650 Twins are the most premium offering from the brand and the most powerful too.
For the month of December 2018, the Twins made a sales figure of 629 units. Reports say that the production units will further increase over time.
Interceptor 650 is priced starting from Rs 2.50 Lakhs going up to Rs 2.70 Lakhs (ex-showroom). Continental GT 650 starts from Rs 2.65 Lakhs going up to Rs 2.85 Lakhs (prices ex-showroom).