Royal Enfield starts FY24 with a bang with a total sale of 77,109 motorcycles, corresponding to a 26% YoY growth
Royal Enfield achieved remarkable sales figures in the month of June 2023, with 77,109 motorcycles sold compared to 61,407 motorcycles sold in the previous financial year, marking an impressive growth of 26% over the same period last year. Furthermore, the company delivered its finest performance in Q1FY24, exhibiting a remarkable 22% growth compared to the corresponding period of the previous financial year.
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Highest Ever Q1 Sale by Royal Enfield
Speaking on the June 2023 sales performance, B Govindarajan, CEO, Royal Enfield said, โAt Royal Enfield it has been our constant endeavour to create products and experiences that excite our consumers and our recent performance is a testament to the fact that we have been able to do that well. 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 enthrall the pure motorcycling enthusiasts across the globe.โ
| MOTORCYCLES SALES | June | YTD | ||||
| 2023 | 2022 | Growth | 2023โ24 | 2022โ23 | Growth | |
| Domestic | 67,495 | 50,265 | 34% | 2,07,171 | 1,57,642 | 31% |
| Exports | 9,614 | 11,142 | -14% | 20,535 | 29,563 | -31% |
| Total | 77,109 | 61,407 | 26% | 2,27,706 | 1,87,205 | 22% |
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5th International CKD Assembly Unit Established in Nepal
In line with its expansion strategy, Royal Enfield has strengthened its global presence by establishing its fifth international CKD assembly unit in Nepal. This development was accompanied by the announcement of the commencement of operations for the company’s exclusive Local Assembly Unit and CKD facility in Nepal, achieved through a collaboration with the Triveni Group. By setting up this state-of-the-art, modern facility in Birgunj, spread over an area of 1 lac sq ft, RE has reaffirmed its commitment to the Nepalese market. The local assembly unit boasts an impressive assembly capacity of 20,000 units per year and is poised to cater to the growing demand for REs in the neighbouring country.
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