Royal Enfield's sales down y-o-y by 7% in December

2 Jan 2023 , 09:16 AM

Eicher Motors stocks is in focus on Monday after recording steady set of numbers in December 2022 sales. The company has announced sales of Royal Enfield and VE Commercial Vehicles Limited (VECV).

In December 2022, Royal Enfield sales were at 68,400 units tumbling by 7% from 73,739 units in the same month last year. Models with engine capacity exceeding 350cc delivered sales with 7,177 units decreasing by 36% yoy, while models with engine capacity up to 350cc saw sales of 61,223 units in the month under review declining by 2% yoy. Exports skyrocketed to 8,579 units in the latest month.

Between April – December 2022, Royal Enfield sales were at 6,16,370 units rising by 48% from 4,16,593 units in the corresponding period of last year.

Meanwhile, the VECV segment posted sales of 7221 units in December 2022, increasing by 17.3% from sales of 6154 units in December last year. So far in the nine months of FY22, VECV sales have risen by 44% to 53247 units from 36984 units witnessed in 9MFY23.

At around 9:16, Eicher was trading at Rs3200.45 per share lower by Rs8.65 or 0.27% on the BSE.

For feedback and suggestions, write to us at [e-mail]