Royal Enfield looks at exports to boost growth

Key highlights:

• Royal Enfield in July posted a strong double-digit growth of 20.75%
• Royal Enfield envisions being a dominant player in the mid-size motorcycle segment globally
• The company has zeroed in on Latin America and Southeast Asia

Royal Enfield has posted strong domestic growth in sales month after month. In the month of July it posted a strong double-digit growth of 20.75% as it sold 64,459 units during the month, in comparison to 53,378 units in July 2016.

A month earlier in June it grew by 25% as it sold 63,160 units in June 2017 as against 50,683 units in the same month last year. In May too it posted a 25% rise in sales as it sold 60,696 units in May 2017 in comparison to 48,604 units during the corresponding month last year.

Royal Enfield has been a dominant player in the over 250cc category in India with a market share of 95%.

Royal Enfield continues high growth path with 25% rise in sales in May