Royal Enfield Sales Report Jan 2023 Clocks in 27% Growth & 22% Drop in Exports

CalenderPublished at February 3, 2023 by BikeJunction
Royal Enfield Sales Report Jan 2023 Clocks in 27% Growth & 22% Drop in Exports

In January 2023, Royal Enfield announced its sales, and the company's total sales (domestic + exports) were at 74,746 units, representing a 27% rise in volumes year over year. However, the motorbike manufacturer sold 58,838 units in January 2022, a low baseline brought on by a market that was recovering in the post-pandemic era.

Last month, sales were 74,746 units, an increase of 27.04 % over the 58,838 units sold in January 2022. There was a 15,908 unit increase in volume. Sales within the country increased, but exports experienced a loss.


Compared to its larger models, Royal Enfield motorcycles in the sub-350cc market performed better. Sales in the 8.78 % market-share-commanding 350cc segment. 6,563 units were sold in this market sector over the last month, which is a 29.06 % decrease from the 9,252 units sold in January 2022.

Domestic sales increased by 36.15%, from 49,112 units in January 2022 to 67,702 units in January 2023, while exports fell by 22.70%, from 9,112 units sent in January 2022 to 7,044 units this month.

In MoM sales, a comparable situation arose. 350cc motorcycle sales growth experienced an 8.56% decline. In December 2022, 61,223 units and 7,177 units, respectively, had been sold. On an MoM basis, domestic sales increased by 13.17% to 59,821 units sold in December 2022, while exports decreased by 17.89% to 8,579 units exported in the same month.

Royal Enfield Sales Report Jan 2023: YoY

Royal Enfield Sales Report Jan 2023: MoM

Royal Enfield Sales Report Jan 2023: YTD

From April 2022 to January 2023, 6,91,116 Royal Enfield motorcycles were sold. From April 2021 to January 2022, 4,75,431 units were sold, a growth of 45%. Sales of Royal Enfield motorcycles in the 350cc class increased by 11% to 82,344 units from 74,346 units sold between April and January 2022.

From 64,807 units exported in the months of April 2021 to January 2022, exports increased by 24% to 80,596 units from April 2022 to January 2023. The company will start exporting the RE Super Meteor 650 - Astral, Interstellar, and Celestial to international markets at the beginning of this month. This might make it possible for the business to increase exports in the upcoming months.

Are you searching for a new bike?? Explore bikejunction & compare your choice of bike, we will help you out with a bike loan. Select your bike according to category and other specifications on Bike Junction with just one click. Follow our news section or Social Media handles to get the latest news & updates related to the bike industry in India.

Follow us for Latest Bike Industry Updates
Facebook  - https://bit.ly/BikeJunction_offl_fb
Instagram -  https://bit.ly/BikeJunction_ofl_insta
Twitter - https://bit.ly/BikeJunction_ofl_twitter
Youtube    -  https://bit.ly/BikeJunctionYUT

 

Previous

Next

notify img

Never miss an update

Receive latest updates from BikeJunction

Subscribe Now

Top News

Best Bikes from Royal enfield Brand

View allView all

Check On-Road Price

icon-left
icon-left
icon-left

Upcoming bike models

View AllView All