Suryaa Business Desk: Eicher Motors Limited reported record sales for its Royal Enfield motorcycle division in October. Total motorcycle sales grew by 7 percent compared to the same month last year, reaching 133,442 units. Exports saw a significant increase of 47 percent, totaling 11,915 units.
In the domestic market, Royal Enfield sold 121,527 motorcycles, marking a 4 percent increase from the 116,844 units sold in October of the previous year. The company stated that it achieved its highest-ever festive season sales, with a combined total of 267,400 motorcycles sold during the September-October period. The company attributed this performance to new models and increased demand in the mid-size motorcycle segment.
The company's commercial vehicle division, VE Commercial Vehicles (VECV), also recorded growth. Driven by demand for trucks and buses in the infrastructure and logistics sectors, total VECV sales rose by 34.9 percent to 10,861 units in October.
