This electric motorcycle can be introduced next year. Royal Enfield Siddhartha Lal, Managing Director of Eicher Motors, which owns the company, has confirmed the development of an electric motorcycle. After announcing the company’s quarterly results, he said, “We are confidently moving forward in our EV journey. We have made a lot of progress with our electric motorcycle plans. It is also a great start to our partnership with Stark Future. It’s the beginning.” Royal Enfield also plans to manufacture batteries and motors. It has started work on adding new supply partners and setting up production lines.
Royal Enfield CEO, B Govindarajan said, “We are focused on working with suppliers on technology. We are preparing the initial production line for EV. We want to make the battery and motor ourselves. It will take six The situation will become clear in eight months.” Last month, Royal Enfield sold 73,136 units, up 18 percent year-on-year. In the same month last year, the company had sold 62,155 units. However, the company suffered a setback in exports. Its exports have decreased by almost half in the last month.
Royal Enfield had told that the company’s sales in the country increased to 68,881 units. It was at 53,852 units in the same month last year. However, the company’s exports came down to 4,255 units. This was against 8,303 units in the same period last year. However, the company expects a pick-up in demand. Recently, Royal Enfield launched the Hunter 350 in the US and Latin America. The price in the US is $3,999. The Made in India motorcycle is also sold in Indonesia, Thailand, New Zealand, Germany, France, Italy, Australia, UK, Argentina, Mexico and Colombia.