Royal Enfield is fast growing In Latin America and Europe, but is penalized by domestic sales in India. Global registrations at the end of May 2021 have been 276.423, up 46.3% compared with the same period 2020 but down 15.2% compared with the 2019.
McD tracks new vehicles registrations across the World (over 80 countries), reporting data on calendar year. When you wish to compare data reported by us to those declared by the manufacturers, consider they usually report their “sales” (vehicles invoiced), which are usually different from “registrations”, accordingly with their fiscal year split.
Global Registrations Data in 2021
Royal Enfield this year looks the best performer among the Indian motorcycles manufacturers. Sales are obviously penalized by the slow recovery in India, but less than for the others.
Global registrations at the end of May 2021 (Jan-May in this calendar year) have been 276.423, up 46.3% compared with the same period 2020 but down 15.2% compared with the 2019.
In the Indian region, TVS is penalized by the still strong covid19 presence in India (sales -13.9% vs 2019), but even by the block to import in Sri Lanka (-96% vs 2019). In all other regions, sales are growing very well.
Royal Enfield is the only Indian company to have approached the European market and the results are outstanding, with sales up 47.0% (vs 2020) and amazing success in Italy (+147%), France and UK.
In Latin America the brand is fast growing as well, hitting new records months after months and with actual sales up an impressive +98.4%, booming in Brazil, Argentina and Colombia.
Sales are going up even in North America, Asia, Pacific while only in the ASEAN the brand is hit by the local industry decline.
Global Sales dropped near 30% in 2020
Following the 2019 stop to the continue sales growth, the 2020 is running very badly for the Indian manufacturers, still too depending by the domestic market.
As other Indian motorcycles manufacturers the company base its success to the domestic market and the relevance of international sales are marginal, although in recent years the company gave priority to the international growth already gaining the first positive results.
However domestic sales counts 93% of global sales and the 2020 was really awful for Royal Enfield at home, penalized by the presence in mid-high engine displacement, while rural areas and low cost segments were more resilient than others. So the manufacturer lost more than any other Indian company at home (-31.2%).
The outstanding performances scored in Europe (+4.3%, in ASEAN (+7.0%) and in Latin America (+13.8%) have marginally changed the annual score, with full year global sales just a bit over half a million units, down 29.7% from the previous year.
Royal Enfield is a company 100% controlled by the Indian conglomerate Eicher. Located in Chennai (India) is among the largest motorcycles company worldwide. The history of this company started at the at the beginning of the 20th century. Indeed, in 1901 Royal Enfield brought to the market its first motorcycles.
In 1949 K. R. Sundaram Iyer launches Madras Motors to import British motorcycles within India’s territory. Besides Norton and Matchless machines, he sells Royal Enfields.
In 1952 Madras Motors receives an order from the Indian Army for 800 350cc Bullets. At the beginning of 1953, the shipping arrived in India and they proved to be a great success because of their hardy and easy to maintain aspects. Johnny Brittain won the prestigious Scottish Six Days Trial on his 350cc Bullet, “HNP 331”.
In 1955 the Redditch company became partner of Madras Motors and they founded ‘Enfield India’. They engaged in the construction of a purpose-built factory at Tiruvottiyur, near Madras.
In 1956 the Tiruvottiyur factory opened and Bullets began to be manufactured under license. The early production was based on machines that came from England in sets subsequently assembled in Madras. A total of 163 Bullets were built by the end of that year.
In 1964 the iconic Continental GT café racer was launched to great acclaim when a team of photojournalists ride it from John ‘o Groats to Lands End in under 24 hours, by way of 7 laps at the Silverstone circuit. The GT featured a racing petrol tank, clip-on handlebars, rear sets, a humped race seat, rev counter and a swept-back exhaust.
Production of motorcycles ceased in 1970 and the original Redditch, Worcestershire-based company was dissolved in 1971.
Enfield of India continued producing the ‘Bullet’, as “Enfield Bullet”, due to dispute around the legitimacy of using the “Royal” nameplate. Finally, in the 1999 a lawsuit over the use of ‘Royal’, brought by trademark owner David Holder, was judged in favour of Enfield of India. The brand “Royal Enfield” was back in the market with the Bullet 350 and the new models designed and produced in India, including Cafe Racers, Cruisers, Retros and Adventure Tourers.
In 1977, Royal Enfield was back at home because of Indian companies export of the 350cc Bullet to the UK and Europe. Sales grew rapidly as the bikes developed, followed by classic British motorcycle enthusiasts.
In 1994, the Eicher Group acquired Enfield India Limited. The company was renamed Royal Enfield Motors Limited.
In 2013 Royal Enfield commenced to manufacture at its second facility at Oragadam, Tamil Nadu. With increased capacity, the state-of-art factory will be the nucleus of the company’s global ambitions in the future.
In 2014, Royal Enfield introduced the possibility of a new retail experience by opening the first-of-its-kind exclusive gear store at Khan Market, New Delhi.