Despite the recent effects of the demonetisation drive in the country, Royal Enfield began 2017 with a strong performance and posted sales of 59,676 motorcycles in combined domestic wholesale and exports in January 2017. The two wheeler maker registered a growth of 34% over the same period last year.
The year-on-year sales for January grew from 47,140 units in 2016 to 58,133 units in 2017, a jump of 23%. The exports business witnessed a huge leap too, registering a growth of 171% against January 2016. The overall year-on-year growth for the month of January stood at 25%.
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Check out the complete year-on-year and year-to-date sales report below:
Vehicle sales | January | YTD | ||||
2017 | 2016 | Growth | 2016’17 | 2015’16 | Growth | |
DOMESTIC | 58,133 | 47,140 | 23% | 535,821 | 401,165 | 34% |
EXPORTS | 1,543 | 570 | 171% | 12,117 | 6,513 | 86% |
TOTAL BUSINESS | 59,676 | 47,710 | 25% | 547,938 | 407,678 | 34% |
The year-to-date numbers for the domestic market jumped to 535,821 in 2016-17 against 401,165 2015-16, registering a growth of 34%. The same for exports saw a leap of 86%, going up from 6,513 units in 2015-16 to 12,117 units in 2016-17.