comScore
Active Stocks
Mon Dec 11 2023 15:59:37
  1. Tata Steel share price
  2. 130.05 0.66%
  1. ICICI Bank share price
  2. 1,017.05 0.6%
  1. HDFC Bank share price
  2. 1,650.75 -0.14%
  1. Bharti Airtel share price
  2. 997.45 -0.21%
  1. State Bank Of India share price
  2. 614.35 0.06%
Business News/ Companies / News/  Royal Enfield forays into pre-owned bike segment, launches ‘Vintage’ store
Back Back

Royal Enfield forays into pre-owned bike segment, launches ‘Vintage’ store

The 'Vintage' store is a new format dealing exclusively in pre-owned, refurbished and restored motorcycle segment and would serve customers looking for certified-pre-owned bikes

Royal Enfield, India-Business, head, Shaji Koshy said the company plans to open 10 such stores this year across the country. Photo: ReutersPremium
Royal Enfield, India-Business, head, Shaji Koshy said the company plans to open 10 such stores this year across the country. Photo: Reuters

Chennai: Niche bike maker Royal Enfield on Thursday forayed into a pre-owned motorcycle segment with the launch of first such store ‘Vintage’ in Chennai and plans to expand across the country.

The ‘Vintage’ store is a new format dealing exclusively in pre-owned, refurbished and restored motorcycle segment and would serve potential Royal Enfield customers looking for quality tested and certified-pre-owned motorcycles.

“With Vintage, we have created a place where epic motorcycling journeys, experiences, and stores will never end and will be passed on from one owner to another. We have observed a healthy demand for refurbished and pre-owned Royal Enfield motorcycles," Royal Enfield, India-Business, head, Shaji Koshy said after inaugurating the first store in Chennai.

He said the company plans to open 10 such stores this year across the country. The ‘Vintage’ store is located at Mylai Balaji Nagar, Velachery Main Road, Pallikaranai.

He said the Vintage store would only deal with Royal Enfield badged motorcycles and would have three lines of business—pre-owned, refurbished and restored motorcycles.

In pre-owned and refurbished segments, the motorcycles would undergo ‘quality check’ and ‘refurbishment’ is undertaken as per requirement.

Under ‘restored’ category, the motorcycles would be repaired and restored to original condition. The motorcycles will be quality tested and repaired by trained Royal Enfield technicians. Each motorcycle would undergo a thorough 92-point quality check ensuring quality assurance and reliability.

The store would also offer assistance on financing towards purchase of the motorcycles, providing motor insurance and also offer post-sales service for customers.

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 08 Mar 2018, 03:32 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App