Royal Enfield eyes expansion in UAE
May SIAM numbers are out.
Here are the RE numbers. Another, well executed month that is almost similar to April (37% growth)
http://www.bseindia.com/xml-data/corpfiling/AttachLive/8276CB53_01E6_4995_8A4D_E3E232FC92FD_122707.pdf
and the VE numbers (43% growth)
http://www.bseindia.com/xml-data/corpfiling/AttachLive/A6401A05_F742_4AFD_A460_E0E336462E4B_120642.pdf
Yet another news item today, conforming RE Targets of 6.75 lakh units for 2016-17, and 9 lakh units by 2018-19
Rapidly growing Royal Enfield sales to stabilise in FY2017
by Amit Panday Jun 01, 2016
Why do vehicle manufacturers release their monthly sales figures? Is it a regulatory requirement? If yes, then why doesn’t Eicher Polaris do it?
HAPPY TO READ THIS ARTICLE BY INDIAN EDITION OF INTERNATIONAL MAGAZINE
http://m.ibtimes.co.in/royal-enfield-himalayan-commands-waiting-period-4-months-report-681023…
NEW MODEL IS SUCCESSFUL…ACKNOWLEDGED BY…THE ESTEEMED CUSTOMERS…
Royal Enfield Not Interested In Lower Capacity Or Electric Bikes
Written By: Kennedy Paul
Updated: Thursday, June 2, 2016, 16:20 [IST]
At a recent investor summit hosted by Morgan Stanley, Eicher Motors who own Royal Enfield said they have no intention of going down the value chain to lower the capacity of its iconic Royal Enfield motorcycles.
This clearly an agenda to move up the ladder in terms of capacity and not compete in the mass market segment of 150cc and below motorcycles. It said that it is focussed on customers who are looking for motorcycles above the 150cc capacities.
Royal Enfield Not Interested In Mass Market Or Electric Bikes
They feel electric bikes will not work in India and will not venture into this segment as well.
Eicher Motors sales have mainly been driven by Royal Enfield and has maintained that it will achieve the volume target of 6.75 lakh units for the period from 2016-17 and increase the units to 9 lakh by 2018-19.
As per the Morgan Stanley Summit, the waiting period for the Royal Enfield Classic 350 and the newly launched Himalayan command around 3-4 months, however, the remaining models’ waiting period has come down.
On the whole, Eicher Motors said, they have a waiting of 3 months as an average, they maintained that new orders do exceed its deliveries, even though it’s just marginal. As for the dealers of Royal Enfield, the same-store continue to grow at 15 percent year on year.
Currently, Royal Enfield dealers run up to 500 dealers, the company is looking to add another 100 to it. Royal Enfield sells different models like Desert Storm, Classic, Thunderbird, Standard, Himalayan, and Cafe Racer inspired, Continental GT. The Royal Enfield Classic, Standard, and Thunderbird come in 350cc and 500cc. As for the Desert Storm, Continental GT and Himalayan come in 500cc, 525cc and 410cc respectively.
Mehul,
There is almost similar news about same item by Kalyan on 1 day before from Moneycontrol website.
I would request to add only post which have some additional information for reducing duplication. I like your post and efforts, but wanted to make thread more robust and non-repetitive. Hope you would appreciate this.
Regards
Dhiraj
I like your way of communication…not fixing someone…but enrolling for better standard of content delivery…and discussion…Thanks for that
Nice article on eicher motors on CV.sement…in AutoCAD professional…
Royal Enfield Commences Road Side Assistance Program in India
Something interesting although no major contributor to growth
SIAM Data for June’16
RE at 36% growth
http://www.bseindia.com/xml-data/corpfiling/AttachLive/59CE0293_9D33_4533_9CA7_1F6022ECF218_125734.pdf
Some negative news about Harley Davidson in US. While not linked to Eicher, Eicher also have some issue about sound at Himalyan Motor cycle.
Q1 Fy 2016-17 results are out. The story continues…
Triggers for the next few years…
- Good rains - more money with the rural population for the next 2 years.
- Disbursement of the revised salary with arrears(Pay Comm) - more money with service class in tier 2 and tier 3 cities.
This should drive the growth for atleast two years for the motorcycle segment.