Updated Jan 13, 2021 | 22:44 IST
The management is focused on the 250-750 cc segment and sees a double-digit CAGR growth in next 5 years.
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In a discussion with ET NOW, Vinod Dasari, CEO, Royal Enfield, highlighted two reasons behind the spurt in demand - namely pent up demand and substitution for public transport. He also mentioned that the smaller cities have registered higher demand compared to the bigger cities. The management sees high demand levels to continue through 2021 with dealer inventory at 2 weeks presently. The company has fixed most issues at its Chennai plant however production remains constrained due to shortage of steel supply.