Royal Enfield plant near Chennai
Royal Enfield plant near ChennaiReuters File

Eicher Motors, which makes Royal Enfield motorcycles, reported a 63 percent increase in sales for the month of February 2016, while export of the two-wheeler has gone up by more than 100 percent.

The company sold 49,156 units of Royal Enfield in February 2016, up substantially from 30,240 units sold in February 2015.

Exports rose 112 percent to 1,589 units from 749 units sold in February 2016, the company said in a regulatory filing with the stock exchanges on March 1.

Cumulative sales for the months of January and February in the current year stood at 96,866 units, up 64 percent from 59,167 units during the corresponding period last year.

Eicher Motors was trading at 19,272 at around 12.35 p.m., up 2 percent from its previous close.

Eicher Motors also has a commercial vehicle business in partnership with Volvo Group, VE Commercial Vehicles (VECV).

Royal Enfield has been expanding its global footprints across UK, Europe, Latin America, Middle-East and now in South East Asia. It recently opened a showroom in Bangkok.

"Our phenomenal success in India gives us the confidence to thrive in similar markets like Thailand and Indonesia, which will play an instrumental role in fuelling our growth in Asia," Arun Gopal, international business head, Royal Enfield, had said in a statement last month.

In 2015, the company sold over 4.5 lakh motorcycles across the globe and also announced its plan to produce up to 9 lakh motorcycles by the end of 2018, from two of its existing manufacturing facilities and a third upcoming facility near Chennai.