Royal Enfield noticed a drop of 69 per cent in its home and general gross sales for the month of Could 2020. The corporate offered 19,113 bikes final month, in opposition to the gross sales of 62,371 bikes for a similar month final yr. The home gross sales constituted 18,429 items which is 69 per cent lesser than 60,211 items offered in Could final yr. Royal Enfield exported 648 items in Could 2020, which is a 68 per cent drop, in comparison with 2,160 items exported in Could 2019.
Royal Enfield offered 119,348 items between April 1, 2020 and Could 31, 2020 versus 18,429 items offered throughout the identical time this yr, registering a drop of 85 per cent. Equally, the exports too dropped 87 per cent, with simply 775 fashions exported between April 1 and Could 31 whereas final yr, the determine was 5,902 items. The general gross sales between April 1 and Could 31 final yr was 125,250 items, which is 85 per cent greater than 19,204 items offered in the identical time this yr.
Royal Enfield is happening a product offensive with a string of recent merchandise deliberate for the following three to 4 years, the corporate’s CEO Vinod Dasari revealed to carandbike in an internet interplay in Freewheeling with SVP. In line with Dasari, Royal Enfield’s product growth group has been onerous at work over the previous few years to considerably speed up Royal Enfield’s product plan. With new platforms, and fashions and variants underneath every platform, Royal Enfield intends to launch a brand new motorbike each quarter for the following 3-Four years.