Since its launch, the prices for the Royal Enfield meteor bike have been increased for the first time. The Meteor 350 is currently sold in three variants - Fireball, Supernova, and Stellar. A price hike has been implemented on all three variants. The most affordable Royal Enfield Meteor 350 Fireball variant, has been affected by a price hike of Rs. 2927 and now costs Rs. 1,78,744.
The price for Royal Enfield Meteor 350 Stellar variant has been increased by Rs. 3010, making it Rs. 1,84,377. The top-spec variant, Royal Enfield Meteor 350 Supernova, is now priced at Rs. 1,93,656 with a price hike of Rs. 3146.
Royal Enfield’s cheapest offering, the Bullet 350 bike, has received a price hike of Rs. 7000 to Rs. 13,000 depending on the variant.
Another highly popular model, the Royal Enfield Classic 350 bike, has received a price hike of Rs. 10,000. The revised price for the Royal Enfield Bullet 350 is now Rs. 1,40,828, which has gone up from Rs. 1,33,446.
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The Bullet 350 X KS was earlier priced at Rs. 1,27,279. After the price hike, it will now be sold for Rs. 1,34,347. Another variant, the Bullet 350 ES, was earlier sold for Rs. 1,42,890. This model is now priced at Rs. 1,55,480.
The dual-channel ABS variant of the Royal Enfield Classic 350 bike has been priced in the range of Rs. 1,80,880- Rs. 1,98,600.
The Royal Enfield Himalayan has not been affected by the price hikes yet. The updated 2021 variant of the same is all set to be introduced in the market soon, and the company might implement the price hike later on. For the updated model of the Himalayan, Royal Enfield will introduce a tripper navigation system, and minor changes for the bike’s frame will be sported.
Royal Enfield’s 650 twins have also been affected as a result of the price hike. The Inceptor 650 model has witnessed a price hike of Rs. 2989- Rs. 3220 for its’ different variants. For the Continental GT 650, the prices have seen an increment of Rs. 3166- Rs. 3378. Despite the switch from Pirelli Phantom Sports comp tyres to CEAT Zoom Cruz F rubber, the price changes have been implemented.
The company has recently launched a refreshed version of the 650 twins. The Inceptor 650 and the Continental GT 650 have both been updated with some new colors. A Bluetooth connectivity feature along with a tripper navigation pod will be added to these models. The Royal Enfield Himalayan has also received new color schemes.
Talking about other new offerings in the company’s pipeline, the Royal Enfield next generation Classic 350 is expected to be launched in the coming months. Royal Enfield has packed their schedule for the next seven years, with one new launch planned for every upcoming quarter.
The company has not yet announced the official reason for the price hike, but it is very likely for increased manufacturing costs be the cause. Just like several other companies, Royal Enfield might be facing difficulties in accommodating these prices.
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With the part of increased costs being projected on consumers, it is yet to be seen if these cause any implications on the company’s sales figures. You can use our Bike Loan EMI Calculator to calculate monthly EMI, Downpayment, and other figures.