Eicher Motors sells 30,240 units in February

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SME Times News Bureau | 02 Mar, 2015
Two-wheeler maker Eicher Motors Ltd Sunday said it closed last month selling 30,240 units, logging a growth of 49 percent over the corresponding period last year.

In a statement, the company said it closed last month selling 30,240 units (domestic 29,491 units, exports 749 units) up from 20,343 units (domestic 19,840 units, exports 503 units) logged during February 2014.

The company making Royal Enfield bikes said it is targeting to roll out 450,000 this calendar year.

It also said it would build two new technology centres with a view to become the leader in the global mid-sized motorcycling.

"The larger one will be at a new 4.5 acre property on Old Mahabalipuram Road in Chennai, and will be operational by Q2 2016; a smaller satellite center is being set up in Leicestershire, Britain, and will be operational by the end of 2015," the statement said.

These technology centres will significantly enhance capability to execute Royal Enfield's long term product strategy.

According to Eicher Motors, it would be investing Rs.500 crore in 2015 in all strategic areas-capacity expansion, product development, frontline and backend-for growing its two wheeler business.