Royal Enfield India Monthly Sales Fall Below 50,000 For The First Time In 3 Years

Royal Enfield's domestic sales in July 2019 fell by 27 per cent, with sales less than 50,000 motorcycles for the first time since May 2016.

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Royal Enfield sales fall a whopping 27 per cent in July 2019

Highlights

  • In May 2016, Royal Enfield had sold 47,232 motorcycles
  • RE sales have been falling in the middle of an auto industry slowdown
  • Exports have grown over 140 per cent, but volumes are just over 5,000

The Indian auto industry slowdown has hit Indian motorcycle brand Royal Enfield hard, with the company's sales volumes falling below the 50,000 units for the first time since May 2016, more than three years ago. The last time Royal Enfield sold below 50,000 motorcycles was in May 2016, when the company had despatched 47,232 units in the domestic market, and overall sales (including exports) being at 48,604 units. In July 2019, Royal Enfield despatched 49,182 units, a massive drop of 27 per cent over July 2018, when the company had despatched 67,001 motorcycles.

Also Read: RE Sales Under Pressure, Eicher Motors Profit Falls 21.5 Per Cent

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The Royal Enfield Classic 350 is the highest selling Royal Enfield model in the domestic market

In the period from April to July, 2019, Royal Enfield's overall sales are down 19 per cent, while in the domestic market alone, sales have slipped 22 per cent from the same period a year ago. The only silver lining is that Royal Enfield's exports seem to have taken off with the company pushing aggressively at newer markets with its new 650 Twins - the Royal Enfield Interceptor and the Royal Enfield Continental GT 650.

Also Read: Royal Enfield June 2019 Sales Fall 22 Per Cent

royal enfield 650 cc twins

The Royal Enfield 650 Twins seem to have generated considerable interest in overseas markets with exports showing impressive growth

Exports for July 2019 is at 5,003 units, a whopping 143 per cent growth from 2,062 units exported in July 2018. Cumulative sales in July 2019 is at 54,185 motorcycles, down 22 per cent from 69,063 units in July 2018. And exports in the April to July, 2019 period have grown 84 per cent, when the company despatched 14,162 motorcycles, up from 7,698 units in the same period a year ago.

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Royal Enfield is currently working on upgrading its bestselling models with a new Royal Enfield Classic and Royal Enfield Thunderbird, which will meet the upcoming Bharat Stage VI (BS6) emission regulations. Apart from having new fuel-injected engines, the new models will get significant cosmetic upgrades, as well as a new chassis and possibly even a six-speed gearbox. With the upgrades, the new models will be expected to be expensive than the current models available on sale. The coming months will be crucial, as the festive season kicks in, as well as some pre-buying before the BS6 norms come into effect from April 1, 2020.

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