International business grew 132 percent in the second quarter, but overall business declined by 17.2 percent.
see photosRoyal Enfield’s parent company Eicher Motors has a total revenue of Rs. 2,250 crore
Eicher Motors Limited (EML), the parent company of Royal Enfield, has announced its audited consolidated financial results for the second quarter of the financial year 2021-22. For the quarter July to September 2021, Eicher Motors Ltd’s consolidated net profit grew by 9 per cent to ₹373 crore, as against ₹343 crore in the same period last year. The company recorded a total revenue of Rs 2,250 crore, a growth of 5.4 per cent as compared to Rs 2,134 crore in the same period a year ago. Royal Enfield sold 1,23,515 motorcycles during the quarter, a decline of 17.2 per cent from 1,49,120 motorcycles sold in the same period in FY 2020-21.
Read also: Royal Enfield sales down 31 percent in October 2021
With the Royal Enfield Meteor 350, 650 Twins and the Himalayan, the company is working to advance the company in the international markets.
The silver lining was that Royal Enfield ended the quarter with the best performance in the international markets for the second consecutive quarter with total exports of 17,922 units, up 132 per cent as compared to 7,714 units exported in the same period last year. increased, and a growth of about 41 per cent in the second quarter of FY 2019-20.
Read also: Royal Enfield sales down 50% in September 2021
Royal Enfield is happiest at 90-100 kmph on Himalayan highways, and is a popular and affordable adventure touring model not only in India, but also in overseas markets.
Commenting on the performance of Eicher Motors, Siddharth Lal, Managing Director, Eicher Motors Ltd. said, “The Q2 of FY 2022 witnessed remarkable performance by Royal Enfield in the international markets, registering a growth of over 130% over the previous same period. year. Our continued growth in volumes and global retail presence is a testimony to the fact that the company is on track to realize its vision of becoming the first premium global consumer brand from India.”
Read also: Royal Enfield announces motorcycle expedition to the South Pole
RE Classic 350 has been the best selling model for Royal Enfield for more than 10 years now.
The quarter saw the launch of the all-new Royal Enfield Classic 350, which is one of the most awaited motorcycles from Royal Enfield this year. On the apparel side of the business, Royal Enfield has expanded its Make It Your (MIY) program to its riding jacket range. In a collaboration that epitomizes the integration of authenticity and safety, Royal Enfield joined hands with TCX to introduce a new range of CE certified protective riding and lifestyle footwear.
Read also: Royal Enfield creates Guinness World Record with Classic 350 launch event
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Royal Enfield marked its first foray into motorsports this year with the first edition of the Continental GT Cup 2021. 2021 marks the 120th anniversary of Royal Enfield, and several initiatives are planned to celebrate this milestone.
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