Royal Enfield sales in the domestic market declined 20 per cent to 53,135 units in February 2022, but exports grew 55 per cent to 7,025 units.
see photosRoyal Enfield sold 59,160 motorcycles in February 2022
Royal Enfield Total sales of 59,160 motorcycles have been registered in February 2022, registering a decline of 15 per cent as against 69,659 motorcycles sold in the same month a year ago. According to the company, supply chain constraints due to shortage of semiconductor chips persisted during the month, and Royal Enfield is working with its supplier ecosystem to resolve the same. With exports of 7,025 units in February 2022, Royal Enfield’s international sales continued their upward trend with the company registering a growth of 55% in exports.
Read also: Royal Enfield reports all-time high monthly exports in January 2022
Royal Enfield’s sales in the domestic market have declined by 20 per cent year-on-year. But month-on-month, sales in the domestic market are showing an uptick.
While domestic market sales declined 20 per cent year-on-year to 53,135 units in February 2022 as compared to 65,114 motorcycles sold in the same month a year ago, the company continued its recovery in the domestic market and improved in January 2022. registered. Royal Enfield sold 49,726 motorcycles in the domestic market in January 2022. Exports in January 2022, however, were strong with the company reporting its highest ever monthly exports of 9,112 units.
Read also: Royal Enfield’s parent company Eicher Motors reports 14% drop in net profit
The sales of Royal Enfield in overseas markets are increasing continuously. In February 2022, exports stood at over 7,000 units, registering a year-on-year growth of 55 per cent.
In the period April 2021 to February 2022, Royal Enfield recorded a massive 102 per cent growth in overseas sales, from 32,737 motorcycles a year ago to 71,832 motorcycles in the period under review. Domestic market sales in the same period fell 10 percent from 513,555 in the April 2020 to February 2021 period to 462,759 motorcycles in the April 2021 to February 2022 period. Overall, the combined sales of Royal Enfield remained flat during the period.
Read also: Upcoming Royal Enfield Scram 411 Spotted at a Dealership
0 notes
While the overseas market remains a focus area, as Royal Enfield expands its product line-up to new geographies. New Classic 350 Launched in the Philippines, Korea, Australia, New Zealand and the UK, followed by India and Thailand in 2021. Royal Enfield is also gearing up to launch the Royal Enfield Scrum 411, the urban-centric variant of Royal Enfield. The Himalayan, which will be launched in India in March 2022, will be followed in the coming months in overseas markets.
for the latest auto news And WaitFollow carandbike.com Twitter, Facebookand subscribe to our youtube Channel.