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.
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.
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