Eicher Motors share price soars to all-time high on robust Royal Enfield sales in December

Eicher Motors share price: Shares of Eicher Motors climbed to their all-time high level on Thursday as Royal Enfield reported strong sales in December 2024.

The stock climbed as much as 7% to a record high of ₹5,228.15 per share on the National Stock Exchange.

At 12:04 pm, the scrip was trading at ₹5,185 apiece, up 6.14%. The company's market capitalisation stands at ₹1,42,139.05 crore.

Royal Enfield sells 79,466 units in December 2024

Royal Enfield recorded monthly sales of 79,466 motorcycles in December 2024, reflecting a 25% jump from 63,387 units sold in the same month in the previous financial year.

It exported 11,575 motorcycles in the month under review as against 6,096 during a year back, translating to a 90% year-on-year growth.

Commenting on the performance, B Govindarajan, CEO of Royal Enfield, stated that 2024 was a remarkable year for the company.

"We’ve launched some category-defining motorcycles through the year and it is encouraging to see the response to our recently launched motorcycles both in India and international markets," he said adding, "As we gear up for 2025, we are looking forward to sustaining our growth momentum and continue inspiring our riding community across the globe with Pure Motorcycling initiatives across the board."

In December, Royal Enfield benign operations at its new assembly plant in Thailand. It also expanded its pre-owned motorcycle business, REOWN, to 236 cities across India.

A division of Eicher Motors Ltd, Royal Enfield operates through over 2000 stores across India. It has been in the production of motorcycles since 1901.