Royal Enfield's sales up y-o-y by 7% in March

3 Apr 2023 , 11:34 AM

 Royal Enfield witnessed a 7% surge in their total sales figures for March, reaching 72,235 units, as compared to 67,677 units sold during the same period in the previous year. 

The domestic sales also showed a slight rise of 2%, from 58,477 units in March last year to 59,884 units in the current year.

Exports increased 34% last month to 12,351 units, up from 9,200 units in March 2022.

Royal Enfield reported a 39% increase in fiscal 2022-23, with a record total sale of 8,34,895 motorcycles. In fiscal year 22, the company sold 6,02,268 units.

Exports reached a record high of 1,00,055 units in FY23, up 23% from 81,032 units in FY22.

The CEO of Royal Enfield, B Govindarajan, expressed that the company had an exceptional year with outstanding sales and market share, and for the first time, they surpassed 100,000 international sales volumes.

According to him, the Hunter 350 and Super Meteor 650 motorcycles have surpassed the company’s expectations and enticed fresh customers to join their community. He further added that the Hunter 350 achieved more than 100,000 sales within just six months since its launch.

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