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42% growth reported by Royal Enfield in 2011

Royal Enfield, the Indian biggie is always trying their best to make their sales and product quality to reach new heights. The Royal Enfield, one of the biggest motorcycle manufacturers of India has registered growth of 41.94% during the year 2011 compared to year 2010 according to companies press release.

The company sold total units of 74,626 units compared to 52,576 units sold in the year 2010. In spite of registering 42% growth the company is still not in position to fulfill local demand and some of its models are commanding waiting list of 6 months. Further, the company expects the momentum to continue for the year 2012 as well due to strong order book for the year.

"Royal Enfield has recorded a volume growth of 42% with 74626 units being sold in the calendar year 2011. We have successfully achieved our target to produce and sell 7000 motorcycles per month by the end of calendar year 2011." said Mr. Siddhartha Lal, Royal Enfield official.

It's second plant in the area of SIPCOT Industrial Growth Centre, Oragadam, Tamilnadu will become operational by first quarter of 2013 which will enhance its capacity to 1,50,000 units per annum. Looking at current trend it seems that it will need to further enhance its capacity in the year 2014 itself.

Last updated on 27-02-2012. Published on 27-02-2012. Written by .
Category: News
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