“When what you are deeply passionate about, what you can be best in the world at and what drives your economic engine come together, not only does your work move toward greatness, but so does your life. For, in the end, it is impossible to have a great life unless it is a meaningful life. And it is very difficult to have a meaningful life without meaningful work. Perhaps, then, you might gain that rare tranquility that comes from knowing that you’ve had a hand in creating something of intrinsic excellence that makes a contribution. Indeed, you might even gain that deepest of all satisfactions: knowing that your short time here on this earth has been well spent, and that it mattered.”

Latest News


Tuesday, August 18, 2015

Royal Enfield direct sales in the US

To cater to the North American market, niche bike maker Royal Enfield has set up a direct distribution subsidiary in the US, its first outside India.

The company, the two-wheeler division of Eicher Motors, also plans to open its fully-branded retail stores in the US that will sell its entire product line up of motorcycles and gear.

The subsidiary will directly sell to dealers and even to customers as a well as directly conduct all market development and support activities such as marketing, service, after sales etc for the Royal Enfield brand in North America, the company said in a filing to the BSE.

"North America is a key international market for Royal Enfield with a rich history of riding enthusiasts. Given the lack of attractive options in the mid-size segment, we are well poised to fill the gap and serve potential customers at a close, intimate level by localising our operations in North America," Royal Enfield President Rudratej Singh said.

This strategic announcement is in line with Royal Enfield's focused international thrust of leading and expanding the global mid-sized motorcycle segment (250cc-750cc), with North America representing a priority market for it, the company said.

Royal Enfield's current product line up in North America includes Bullet 500 cc, Classic 500cc and the Continental GT 535 cc cafe racer, priced between USD 4,995 to USD 5,995.

Royal Enfield North America, President, Rod Copes said: "Royal Enfield's first fully branded retail store in the US will soon be launched in Milwaukee that will retail its entire product line of motorcycles and gear."

Over the next 18 months, the company plans to launch several such stores in key metropolitan areas across the US, he added.

"We are also focussing on building a strong independent dealer network that will maximise our brand awareness and sales," Copes said.

The company's current distributors - Classic Motor Works (CMW) located in Fairbault, MN, would be transitioning out of distributing Royal Enfield motorcycles by the end of 2015, he added.

The Chennai-based bike maker has been exporting bikes to North America for 15 years.

All manufacturing activities of the company would continue in Chennai, while global headquarters would also continue to reside in Gurgaon, it said.

In 2014, Royal Enfield sold more that 3 lakh bikes globally. In 2015, the company aims to produce 4,50,000 motorcycles to support its growth strategy globally.

Source: ETAuto
  • Blogger Comments
  • Facebook Comments


Post a Comment

Item Reviewed: Royal Enfield direct sales in the US Description: Rating: 5 Reviewed By: Unknown
Scroll to Top