April 18, 2021

Royal Enfield might take a look at climbing costs once more in April

NEW DELHI: Area of interest bike maker Royal Enfield might take a look at climbing costs from April in view of rising commodity costs, a prime firm official mentioned on Wednesday. The corporate, which is part of , has already elevated costs by a number of instances during the last six months.

“Commodity costs have gone up, we’ve tried to offset it by a number of issues together with value hikes in the previous few months. We’ll in all probability be rising costs once more in April like everybody else within the trade,” Royal Enfield CEO Vinod Okay Dasari advised reporters.

When requested in regards to the quantum of the worth hike, Dasari mentioned it could be in single digit (share phrases).

Elaborating on the corporate’s export plans, Eicher Managing Director Siddhartha Lal mentioned the corporate goals to be the primary participant within the mid-sized bike section globally.

“We need to be current throughout all related markets throughout the globe. Our intention is to be primary participant within the mid measurement bike section within the subsequent decade,” he famous.

Lal mentioned the corporate had sufficient headroom for a 12 months or two when it comes to manufacturing capability throughout its manufacturing crops. On introducing electrical autos, he mentioned time was not ripe to come back out with merchandise which the corporate wish to carry, as a result of value and different elements.

The corporate is engaged on the EV expertise however there have been no rapid plans concerning introduction of such autos, he added. Through the quarter ended December 31, 2020, Royal Enfield offered 1.99 lakh items, up 5 per cent from 1.89 lakh items in October-December 2019-20.