Royal Enfield Reports 11% Sales Growth in February, Plans Capacity Expansion

Royal Enfield reported an 11% year-on-year increase in total sales to 100,905 units in February, driven by a 13% rise in domestic sales to 91,248 units. However, exports declined by 2% to 9,657 units. CEO B Govindarajan highlighted sustained demand and announced plans to expand production capacity from 1.46 million to 2 million units annually through a brownfield expansion at the Cheyyar facility over the next 18 months to meet growing demand.