Royal Enfield Rides Its Third Track In Latin America Into Argentina
With its first
flagship store in Buenos Aires, commencing its full operation, including after
sales, spares and service, Royal Enfield has forayed into Argentina, the second
biggest motorcycle market in Latin America.
The motorcycle
maker has appointed Grupo Simpa as its official dealer-partner for Argentina,
which will look after all market development and support activities such as
marketing and after sales, for the brand in the country.
Argentina is the
third country after Brazil and Colombia in the Latin American region to have an
exclusive Royal Enfield store.
Rudratej (Rudy)
Singh, President (Royal Enfield) said, “Our approach in international markets
has been to focus on key cities that strongly influence the motorcycling and
lifestyle culture in the country. More recently our focus has been on fast
emerging motorcycle markets, like South East Asia and Latin America. The
company has been expanding its footprint in the Latin American region and
has already established presence in key cities like Sao Paulo, Medellin and
Bogota.”
Last year, Royal Enfield
sold more than 660,000 units globally and intends to ramp-up its production
capacity to up-to 900,000 motorcycles by end of 2018, to meet rising global
demands.
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