Eicher Motors Limited — Important, 01-12-2024: Monthly Business Updates

Eicher Motors Limited reported total motorcycle sales of 82,257 units in November 2024, marking a 2% increase from 80,251 units sold in the same month last year. Domestic sales totaled 72,236 units, reflecting a slight decline of 4%, while exports surged by 96% to 10,021 units. Year-to-date, total sales rose by 4% to 647,611 units compared to 621,672 units last year, supported by international business growth of 29%.

In November, Royal Enfield launched several new models, including the Goan Classic350—a bobber-inspired motorcycle priced at INR 2.35-2.38 lakhs—and the Bear650 scrambler, starting at INR 3.39 lakhs. The introduction of the Flying Flea brand for electric motorcycles was also announced, aiming to release models by early 2026. The recent Motoverse 2024 event attracted nearly 10,000 attendees, showcasing the brand's commitment to community engagement and innovation in the motorcycling sector. Positive momentum in sales and new product launches signal strong growth prospects for Royal Enfield moving forward.