Royal Enfield November 2020 Gross sales
Chennai-based bike producer Royal Enfield has reported solely a marginal home gross sales development this November
The Indian car market has proven large restoration post-lockdown, particularly when it comes to bike and scooter gross sales. Two-wheeler producers are reporting wholesome gross sales figures recently, virtually again to the pre-lockdown days, though not each firm is recording optimistic development in the meanwhile. Royal Enfield just lately launched its gross sales figures for November 2020, and the model’s gross sales appear somewhat stagnant.
Final month, Royal Enfield managed to retail a complete of 59,084 within the home market, leading to a mere 1.36 per cent development on a Yr-on-Yr foundation (with 58,292 items bought in November 2019). Nevertheless, in October 2020, the corporate’s home gross sales figures stood at 62,858 items, which interprets to a small Month-on-Month de-growth of 6 per cent.
The Chennai-based bikemaker reported an export determine of 4,698 items, which brings the entire dispatch determine of November 2020 to 63,782 items. This can be a 121.7 per cent YoY development, as the corporate had exported 2,119 items in November 2019. On an MoM foundation, the export figures are up by 16.49 per cent (4,033 items exported in October 2020).
Royal Enfield just lately launched a brand new bike within the Indian market, the Meteor 350. The bike has a totally new engine, and is constructed on a brand new chassis as properly. It sports activities lots of premium options, just like the tripper navigation. RE’s upcoming next-generation Basic, anticipated to reach by the second quarter of 2021, will characteristic comparable tech as properly. As for the current-gen RE Basic 350, the producer just lately launched two new paint choices for it – Metallo Silver and Orange Ember.
Additionally, a 650cc parallel-twin cruiser bike has been spied testing, and is anticipated to debut someday throughout subsequent yr, and an Interceptor-style 350cc roadster can be within the pipeline. Royal Enfield is reportedly additionally engaged on an electrical bike, and in all honesty, a retro-inspired electrical bike may very well be a superb addition to the model’s lineup.
Royal Enfield has been dealing with lots of provide chain points since earlier this yr, which has restricted the model’s manufacturing capability. In reality, in November, the RE had an order backlog of over 1.25 lakh bikes! The corporate had acknowledged that it’s working to extend manufacturing, and can clear the pending orders quickly.