Royal Enfield To Sell More Than 8 Lakh Bikes in FY 2024

Royal Enfield is ready to break all motorcycle sales records in this FY. The company sold 8,22,295 bikes in 2023 and is aiming to sell more bikes in FY2024, which would be a 12% increase over the previous year.  The Royal Enfield 350cc models continue to be the most popular bike among bike enthusiasts. However, the 650 twins and the Super Meteor 650 are also selling well. 

The best-ever sales of the company came in the year 2018 with a number of 8,37,669. The company has registered sales of 6,30,273 units in the first 9 months of FY 2024. As a result, Royal Enfield has gained a hike in sales by 16% from 2022’s 5,42,818 units. 

Apart from this, the brand has also increased by 18.42% in sales of 350cc bikes and registered 5,25,300 units sales this year. The brand is also facing some challenges in the market including rising competition and the economic slowdown. However, the company is confident of achieving its sales target for FY2024.

Before you go, don’t forget to check out the launching details of Royal Enfield’s Himalayan 450 Raid Motorcycle.

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