Read more about Royal Enfield recalls about 237,000 motorcycles on ignition coil defect on Business Standard. Royal Enfield said it will recall close to 236,966 motorcycles across some models due to defects in the ignition coil that can cause misfiring and, in rare cases, an electric short circuit
Indian motorcycle maker Royal Enfield suspends business in Vietnam
By Thanh Nhan April 5, 2021 | 11:32 am GMT+7
A Royal Enfield Interceptor 650 model. Photo by Vnexpress/Luong Dung.
Indian motorbike maker Royal Enfield has suspended business in Vietnam since late March after a disappointing two-year run.
Al Naboodah International, the official distributor of the brand, said the decision was made since business results did not meet expectations.
It said since Royal Enfield vehicles are imported from India they do not get import tax waivers like other brands such as Honda, Ducati and Kawasaki, which are shipped from Thailand.
Another reason for the poor sales was that the retro and classic designs of Royal Enfield motorcycles were not popular in Vietnam, it said.
Indian motorcycle maker Royal Enfield bids goodbye to Vietnam
By Thanh Nhan April 5, 2021 | 11:32 am GMT+7
A Royal Enfield Interceptor 650 model. Photo by Vnexpress/Luong Dung.
Indian motorbike maker Royal Enfield is pulling out of Vietnam after a disappointing four-year run.
Al Naboodah International, the official distributor of the brand, said the decision was made since business results did not meet expectations.
It said since Royal Enfield vehicles are imported from India they do not get import tax waivers like other brands such as Honda, Ducati and Kawasaki, which are shipped from Thailand.
Another reason for the poor sales was that the retro and classic designs of Royal Enfield motorcycles were not popular in Vietnam, it said.
The sale of Royal Enfield motorcycle soared 84% to 66,058 units in March 2021 from 35,814 units in March 2020.
Sequentially, the company s total motorcycles sales surged 3.96% in March 2021 from 63,536 units sold in February 2021.
The sales of models with engine capacity upto 350cc climbed 93% to 58,471 units and the sales of models with engine capacity exceeding 350cc improved 39% to 7,587 units in March 2021 over March 2020.
Royal Enfield motorcycle exports surged 85% to 5,885 units in March 2021 from 3,184 units in March 2020.
Meanwhile, VE Commercial Vehicles (VECV), an unlisted subsidiary of Eicher Motors, sold 7037 vehicles in March 2021 compared with 1499 vehicles sold in March 2020. Total domestic sales were at 6054 units in March 2021 as against 1409 units sold in March 2020. The company exported 816 vehicles during the month compared with 67 vehicles exported in the same period last year. Total Volvo Trucks & Buses sales stood at 167 units in March 2021 as against 23
Total Royal Enfield sales increased 10% to 69,659 units in February 2021 from 63,536 units in February 2020.
Sequentially, the company s total motorcycles sales improved 1% last month from 68,887 units sold in January 2021.
While the sales of models with engine capacity upto 350cc jumped 12% to 64,362 units, the sales of models with engine capacity exceeding 350cc declined 15% to 5,297 units in February 2021 over February 2020.
Royal Enfield motorcycle exports surged 94% to 4,545 units in February 2021 from 2,348 units in February 2020.
Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden s AB Volvo - Volvo Eicher Commercial Vehicles (VECV) which operates in India s commercial vehicle space.