Royal Enfield Electric Motorcycle Incoming Soon!
Article by Drivio | 16th May 23
The first electric bike from Royal Enfield will probably hit showrooms by 2025.
- It should be priced around the Rs 1.90 lakh mark (ex-showroom).
- Performance should be on par with 250cc bikes.
- It’ll look like a typical Royal Enfield bike: retro and old-school
Eicher Motors, the parent company of Royal Enfield, plans to invest more than Rs 1,000 crore in FY24 in order to meet the increased demand for the firm's motorcycles. 8,34,895 motorcycles were sold by Royal Enfield in FY23, the most ever, a 38.4% increase from 6,02,268 units in FY22.
The milestone of 100,000 export shipments was also reached by Royal Enfield throughout the year for the first time. Siddhartha Lal, MD of Eicher Motors, expressed optimism for the future of RE as the overseas markets reached a turning point by selling 1 lakh units.
Although the transition to electric vehicles is accelerating, according to Lal, internal combustion engines will continue to be used for at least the next ten years. For short-distance city commutes, electric vehicles are gaining ground, but until the time-weight-cost equation remains favourable, internal combustion engines will remain the primary option.
Regarding Royal Enfield's own EV plans, Lal stated that the company is working around the clock on EVs and that the speed of EV development is "crazy fast." Since our testing and validation procedure is superior to the best in the world, our method does require more time and effort.
Lal reaffirmed that Royal Enfield's new product development process is nimble, saying that if particular technologies, such batteries or motors, improve more quickly, those components can be upgraded in a shorter amount of time. This is in light of the swift change of pace on the electrification front.
On the front of popular two-wheelers, the business reports that the recently introduced Hunter 350 has already surpassed the 1 lakh sales milestone, with the bulk of the purchasers not intending to purchase a Royal Enfield.