Royal Enfield domestic sales up 33% in October

Royal Enfield sold 33% more motorcycles in October 2016 than it did in the same month last year, data released by the Society of Indian Automobile Manufacturers showed. 

In the month, it sold 59,127 units of Royal Enfields, up from the 44,522 units sold in the same period last year, a 33% rise. 

Eicher-Motors-led Royal Enfield sold 55,188 units of motorcycles with the engine capacity upto 350cc in the month, up 35% from the same period last year, while it sold 3,939 units of bikes with engine capacity exceeding 350cc, a 6% rise from October 2015. 

Royal Enfield's exports were up 95%. It shipped 748 motorcycles in October, up from the 384 motorcycles exported in the same period last year, a robust growth of 95%.

At 1002 hours, Eicher Motors' share were trading at Rs 24824.80, up Rs 803.00 or 3.34% from its previous close.