Perhaps because the customers of its premium motorcycle brand Royal Enfield were less affected by the currency constraint. Importantly, the long waiting period helped to sustain sales growth for the March quarter at 20.8% year-on-year (y-o-y). Undoubtedly, however, robust motorcycle sales propelled operating performance of the standalone entity, whose revenue grew by 22% to Rs1,883.5 crore. Consolidated numbers got a further fillip from the CV business, which posted a robust growth in revenue and profitability. For now, according to dealers, there is a waiting period of two months for Royal Enfield’s motorcycles.

Source: Mint May 08, 2017 02:15 UTC