Royal Enfield announces sales volume for March 2023

Royal Enfield today announced its sales for the month of March 2023 which stood at 72,235 motorcycles as against 67,677 motorcycles sold during the same period last year. For the Financial year ended March 2023, Royal Enfield recorded total sales of 8,34,895 motorcycles, registering its highest ever overall sales in history; beating its previous high of 2018-19, and recording a significant 39% growth over the previous financial year. Continuing its spectacular growth in international markets, the company crossed the 1,00,000 mark in export volumes for FY 2022-23, for the first time ever, and also registered a 23% growth over the previous financial year. With a 41% growth over the previous year, Royal Enfield registered sales of 7,34,840 in the domestic market.

Speaking about the performance for the month of March 2023, B Govindarajan, CEO, Royal Enfield said, "Royal Enfield's growth has been nothing short of remarkable this year, we've achieved new heights in sales and market share and have crossed 100,000 international volumes for the first time. Our motorcycles, like the Hunter 350 and Super Meteor 650, have exceeded expectations and attracted new customers into our fold. While the Hunter 350, within six months of its launch, has a young and vibrant 1 lakh-strong community, the all-new Super Meteor 650 has also left an indelible mark. At Royal Enfield, we're geared up for an exhilarating year ahead, filled with exciting new products and unbeatable customer experiences."

Shares of Eicher Motors Limited was last trading in BSE at Rs. 2950.15 as compared to the previous close of Rs. 2938.35. The total number of shares traded during the day was 12608 in over 2120 trades.

The stock hit an intraday high of Rs. 2963.00 and intraday low of 2921.00. The net turnover during the day was Rs. 37139555.00.

Source : Equity Bulls

Keywords

EicherMotors INE066A01021 2Wheelers Motorcycles SalesVolume March2023