India’s Eicher Motors group has announced a record sales volume for its Royal Enfield motorcycle subsidiary in the first three months of 2015, rising by 45% to 93,000 bikes.
Royal Enfield, which is responsible for slightly more than a third of Eicher’s turnover but about 80% of its operating profit, achieved a 64% leap in quarterly revenue to the rupee equivalent of £102m and an operating profit figure up by 85% to £25m. Overall Eicher group net profit climbed by 50% to £23m.