Royal Enfield sees 6% surge in February wholesale figures

Royal Enfield, the renowned motorcycle manufacturer, announced a notable 6% rise in wholesale numbers for February, with total units reaching 75,935, as reported on Friday.

Comparatively, the company, a subsidiary of Eicher Motors, had distributed 71,544 units during the same period last year.

According to a statement released by Royal Enfield, domestic sales saw a growth of 5%, reaching 67,922 units last month, up from 64,436 units in February of the previous year.

The export sector also demonstrated a promising uptick, with a 13% increase noted, totaling 8,013 units compared to 7,108 units in February 2023.

Royal Enfield's CEO, B Govindarajan, commented on the performance, stating, "Our recent motorcycle launches have been met with great success, complementing the continued strong performance of our existing models in terms of both bookings and retail sales."

"With the fiscal year drawing to a close, we are optimistic about our overall performance and are confident in sustaining this positive momentum into the next year," Govindarajan added.

Eicher Motors' share price

Shares of Eicher Motors Ltd. gained as much as 1.28 per cent in Friday's trade (March 1) and touched the intra-day high of Rs 3869.35 apiece on the BSE.

At around 14:30 p.m., shares of Eicher Motors traded 1.28 per cent, or Rs 48.50, higher at Rs 3841.50 apiece. Meanwhile, its market capitalisation stood at Rs 1,05,182.43 crore at around the same time.

(With inputs from PTI)