Eicher Motors shares surge over 6% as firm’s December motorcycle sales rise 25%

Eicher Motors shares surge over 6% as firm’s December motorcycle sales rise 25%
Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December.In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to 79,466 units as against 63,387 units in the year-ago period.
The company’s international business outperformed by rising 90% to 11,575 units.At 11:50 am on January 2, Eicher Motors shares were trading over 6% higher at Rs 5,199.5 apiece. The market capitalisation of the stock is Rs 1.43 lakh crore.
B Govindarajan, CEO, Royal Enfield said, “As 2024 draws to a close, we reflect on a truly remarkable year for us at Royal Enfield. We’ve launched some category-defining motorcycles through the year and it is encouraging to see the response to our recently launched motorcycles both in India and international markets. As we gear up for 2025, we are looking forward to sustaining our growth momentum and continue inspiring our riding community across the globe with Pure Motorcycling initiatives across the board.”
“Royal Enfield commenced operations of its first fully owned and operated CKD assembly facility outside India in Samut Prakan, Bangkok. The new plant highlights the brand’s commitment to the Thai market and the wider APAC region. With a modern 57,000 sq. ft. setup and an installed capacity of over 30,000 units annually, the facility is Royal Enfield’s sixth CKD assembly unit globally, joining existing plants in Argentina, Colombia, Brazil, Bangladesh, and Nepal,” said Eicher Motors in a statement.
Royal Enfield’s premium line-up includes electric vehicle brand, Flying Flea – including the Classic-styled Flying Flea C6 and Scrambler-styled Flying Flea S6 – that recently showcased in Milan. It also includes the, Bear 650, Classic 650, Guerrilla 450 modern roadster, Hunter 350, Meteor 350, Super Meteor 650, Interceptor 650 and Continental GT 650 twins, the Shotgun 650, the new Himalayan adventure tourer, the Scram 411 ADV Crossover, the iconic Bullet 350, Classic 350 and the new Goan Classic 350.Pongal 2025 Date: When Is Harvest Festival Celebrated In Tamil Nadu This Year?