Royal Enfield Domestic Volumes Decline By 24%, Exports See Jump

Royal Enfield reported its sales for November 2021 and the company's domestic volumes stood at 44,830 units, witnessing a decline of 24 per cent when compared to 59,084 units sold in November 2020. However, the company's exports for the same period stood at 6,824 units, registering a 45 per cent hike in volumes over last year when the manufacturer shipped 4,698 units overseas. Overall, Royal Enfield's sales witnessed a 19 per cent decline in November this year with 51,654 motorcycles sold, as against 63,782 motorcycles for the same month last year.

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The 120th Anniversary edition RE motorcycles were unveiled at EICIMA 2021 last month

Royal Enfield has been reporting a decline in sales on a monthly basis. The company's volumes stood at 44,133 units in October this year, making for flat month-on-month figures. However, exports continue to grow strength to strength every month for the Eicher Group company. With respect to year-to-date sales, Royal Enfield's sales between April and November stood at 2,95,711 units, a decline of 7 per cent as 3,18,577 units during the same period last fiscal.

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November 2021 was also an eventful month for Royal Enfield as it announced the 120th Anniversary Edition of the Interceptor 650 and Continental GT 650 at EICMA 2021. The company also showcased the SG650 concept as well as the Project Origin, a replica of the original Royal Enfield motor-bicycle. The manufacturer also announced its new CKD facility in Thailand.