"Our recently launched motorcycles continue to perform well across markets, and we have had a great start to the new year. We are confident that we will sustain our growth momentum for months to come," said B Govindarajan, CEO at Royal Enfield.
Royal Enfield: The proposed investment will be majorly used for the development of new products, EVs (product development and capacity building) and also additionally for any capacity enhancement for ICE, whenever required. It is expected to create employment opportunities for up to 2,000 individuals, both directly and indirectly, the company said.
Royal Enfield, a unit of Eicher Motors Ltd, Monday said it has signed a Memorandum of Understanding (MoU) with Tamil Nadu government to develop new products, Electric Vehicles (EVs) products and capacity building.
Royal Enfield has launched Reown, a pre-owned bike business initiative, allowing customers to buy, sell, exchange, and upgrade their motorcycles. The initiative aims to create easier access to ownership and upgrading, while ensuring trust and convenience. With a wide retail network and Enfield collectors, Reown will be available in Delhi, Mumbai, Kolkata, Bangalore, and Chennai.