Shares of Royal Enfield maker Eicher Motors rose over 6% on January 2 after the company reported a 25% rise in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales rose 25% to 79,466 units in December as against 63,387 units in the same period a year ago.
The company’s international business also performed better, rising 90% to 11,575 units. At 11:50 am on January 2, Eicher Motors shares were trading over 6% higher at Rs 5,199.5 per share. The stock has a market capitalisation of Rs 1.43 lakh crore.
B Govindarajan, CEO, Royal Enfield, said, “As 2024 comes to an end, we look back at a truly remarkable year for us at Royal Enfield. We have launched some category-defining motorcycles this year and it is encouraging to see the response to the recent launches in India and international markets.
As we gear up for 2025, we look forward to maintaining our growth momentum and continuing to inspire our riding community across the globe with pure motorcycling initiatives.”
Royal Enfield commenced operations of its first fully owned and operated CKD assembly facility outside India at Samut Prakan, Bangkok. The new plant reflects the brand’s commitment to the Thai market and the wider APAC region.
With a modern setup of 57,000 sq ft and an installed capacity of over 30,000 units annually, the facility is Royal Enfield’s sixth CKD assembly unit globally, joining existing plants in Argentina, Colombia, Brazil, Bangladesh and Nepal,” Eicher Motors said in a statement.
Royal Enfield’s premium line-up includes the electric vehicle brand, the Flying Flea – which includes the classic-styled Flying Flea C6 and the scrambler-styled Flying Flea S6 – which were recently showcased in Milan.
