Royal Enfield unveils Classic 500 | autos | Hindustan Times
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Royal Enfield unveils Classic 500

Eicher Group company Royal Enfield On Wednesday launched two motorbikes, Classic 350 and Classic 500, priced at Rs 98,086 and Rs 1.25 lakh) in Delhi, respectively.

autos Updated: Nov 04, 2009 21:43 IST
HT Correspondent

Eicher Group company Royal Enfield On Wednesday launched two motorbikes, Classic 350 and Classic 500, priced at Rs 98,086 and Rs 1.25 lakh) in Delhi, respectively.

The Classic 500 is powered by a single cylinder 500 cc unit-construction engine (UCE) supported by electronic fuel injection.

“We hope to close this year with sales of 50,000 bikes, with the domestic market accounting for nearly 95 percent,” said Siddharth Lal, managing director and chief executive officer, Eicher Motors. “Going forward we are sure the overseas markets will increase their share in the pie and that will have a positive influence on our balnce sheets as well.”