2024 Royal Enfield Classic 350 Specification
The new Enfield Classic 350 will be available in seven colours. Besides, the new version will have a USB charging port, LED lighting all-around, and dual-channel ABS in all variants.
2024 Royal Enfield Classic 350 Price
Royal Enfield, however, has not revealed the price of the new Classic 350. It will be available across India starting September 1. The company is expected to reveal its price then.
During the launch event, the company also announced Factory Customs programme which will allow buyers to customise their motorcycles from the factory itself.
Eicher Motors , which makes the Royal Enfield line of motorcycles, reported a bigger-than-expected first-quarter profit last week.
The company’s profit rose almost 20% year-on-year to 11.01 billion rupees ($131.2 million) in the April-June quarter, beating analysts’ average estimate of 10.14 billion rupees, as per LSEG data.Eicher clocked record-high sales in the previous two fiscal years due to strong demand from urban consumers, its key demographic. But demand has begun to peter off due to various factors, including rising competition and persistently high inflation.Still, domestic sales of Royal Enfield’s models with an engine capacity of more than 350cc, such as the Interceptor 650, jumped 29% in the quarter, according to previously released monthly data.
These higher-margin motorcycles accounted for roughly 14% of sales, up from 11.1% last year.
That helped counter the roughly 4% drop in domestic sales of the company’s sub-350cc models, such as the Hunter 350, which accounted for roughly 85% of overall sales.
Overall revenue from operations, which includes sales of commercial vehicles such as trucks, rose more than 10% to 43.93 billion rupees, topping analysts’ estimate of 42.38 billion rupees.
Royal Enfields are the market leader among India’s premium motorcycles, but its lead is being eaten into by Triumph, which has partnered with Bajaj Auto in India, as well as Harley Davidson, whose local partner is the country’s No.1 two-wheeler company, Hero MotoCorp.