Royal Enfield A ‘Rare Pocket Of Growth’ In A Slowing Two-Wheeler Market: BofA

That Royal Enfield is “made like a gun” is in its tagline. Now, the world’s oldest motorcycle brand in continuous production has new “growth bullets” at play. “Comebacks are stronger than setbacks,” BofA Securities said in a note dated March 4. “We think Royal Enfield is a rare pocket of growth in an otherwise slowing auto market.”Sales of the Bullet maker rose for the third straight month in February — up 19% year-on-year to 90...