The Pune-headquartered company, which posted an impressive 35 percent jump in net profit in the March quarter, is betting its CNG-driven bike, the world s first, will attract fuel-conscious customers
On the margin front, EBITDA rose by 2.5 percent or 250 basis points to 14 percent from 11.5 percent in the same period last year “aided by commodity costs, leap savings, premiumisation and judicious price changes”.
While Hero MotoCorp will continue to bet on the commuter segment in the long run, the overall market will start looking up as government spending and the resulting jobs and incomes push up demand for two-wheelers.
Royal Enfield has inaugurated its first warehouse in the eastern region, located near Kolkata, to address spare parts needs. Covering 50,000 sq ft in the Bagnan area of Howrah district, the warehouse aims to significantly reduce transit time for motorcycle parts supply and facilitate the development of channel partners. The facility will serve as a distribution hub for spare parts in the entire eastern and northeastern region.