Royal Enfield continues high growth path with 25% rise in sales in May
Eicher Motors' two-wheeler unit Royal Enfield once again posted a high double-digit growth during the month of May this year as it sold 60,696 units.
Key highlights:
- Eicher Motors' motorcycle unit Royal Enfield posted a 25% growth in total domestic sales
- Royal Enfiled had posted a 25% growth a month earlier in April too
- Below 350cc motorcycles contributed to high growth during the month
Eicher Motors' motorcycle unit Royal Enfield posted a 25% growth in total domestic sales during the month of May. Royal Enfield continued its high growth trajectory as it sold 60,696 units in May 2017 in comparison to 48,604 units during the corresponding month last year.
The two-wheeler company saw a high growth in motorcycle models with the engine capacity of up to 350cc. The sales of below 350cc Royal Enfield motorcycles grew by 29% as sales rose to 55,823 units during May 2017 in comparison to 43,217 units sold in May 2016.
The company had posted a 25% growth a month earlier in April too.
ALSO READ: Eicher Motors' April sales' rises by 25%
However, Royal Enfield bike models with engine capacity exceeding 350cc saw a big decline of 10% in May this year.
Sales of above 350cc motorcycles fell to 4,873 units in May 2017 from 5,387 units during the same month last year.
Royal Enfield's exports however saw a large 49% growth as it rose to 2,049 units during May 2017 from 1,372 units in the same month last year.
Eicher Motors' shares on BSE at 10:30 hours were trading up 1.54% or Rs 437.90, at Rs 28,869.35 per piece.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
10:43 AM IST