Two-Wheeler Sales September 2022: Royal Enfield Registers 145 Per Cent Growth YoY

Chennai-based motorcycle maker, Royal Enfield reported its sales for September 2022 and the company despatched 82,097 units, witnessing a two-fold growth of 145 per cent year-on-year. In comparison, the company sold 33,529 units in September 2021. It's noteworthy that the two-wheeler sector was still struggling last year in the wake of the pandemic making for a low base year despite the advent of the festive season. That said, Royal Enfield's September 2022 sales managed to outperform volumes during the pre-pandemic period, which stood at 54,858 units in September 2019.

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Speaking about sales of September 2022, B Govindarajan, CEO - Royal Enfield said, "Buoyed by a good start to the festive season this year, and by the spectacular response to the recently launched Hunter 350, we are happy to see a more than 145% growth in volumes for the month. As we move ahead, we are confident that the Hunter 350 will unlock newer markets for us."

The Classic 350 remains a strong seller for the brand while the new Hunter 350 is off to a good start

With respect to domestic sales, Royal Enfield's volumes stood at 73,646 units, a growth of 170 per cent over 27,233 units sold in September 2021. Exports registered a growth of 34 per cent last month with 8,451 units shipped overseas from India as against 6,296 units during the same period last year. The company's year-to-date volumes also saw a 60 per cent growth with 394,969 units sold between April and September 2022, as opposed to 247,067 units sold during April and September 2021.

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Royal Enfield's volumes continue to grow on the back of new and updated products across its range. The company's sub 350 cc engine-powered offerings continue to be its biggest contributor, especially with the new Hunter 350 off to a good start. The Classic 350 continues to be a strong seller for the brand.