💨 Abstract

Royal Enfield, a motorcycle manufacturer owned by Eicher Motors, posted a quarterly profit exceeding expectations, indicating that the toughest phase of competition is over, according to analysts. The company's stock surged, and demand for its motorcycles has remained strong, especially due to successful launches of premium models. Royal Enfield's CEO highlighted increasing rural demand, which accounts for a significant portion of sales.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖