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Monday, February 01, 2016

Royal Enfield reports 65 pct jump in Jan sales

Eicher Motors' Royal Enfield today reported a 65 per cent jump in its total motorcycle sales at 47,710 units in January 2016. The company had registered sale of 28,927 units in January, 2015, it said in a filing to the Bombay Stock Exchange. The Chennai-based two-wheeler maker said sales of models with engine capacity up to 350cc stood at 44,234 units last month as against 25,799 units in January, 2015, a jump of 71 per cent Sales of models with engine capacity exceeding 350cc stood at 3,476 units last month, up 11 per cent from 3,128 units in the year-ago period. Exports of Royal Enfield stood at 570 units during the month as against 770 units in January last year, down 26 per cent. Meanwhile, shares of Eicher Motors were trading at Rs 16888 a piece, up 2.06 per cent from the previous close at 12:53 hours on BSE.