Royal Enfield’s backlog jumped threefold in about three months as supply-chain issues continue to hurt the maker of the Bullet and the Classic motorcycles.
The backlog rose to 1.25 lakh bookings as of Thursday from from 40,000 pending bookings in August. That comes as the company has seen demand recover.
“It’s not a generic supply-chain problem,” Vinod Dasari, chief executive officer at Royal Enfield, part of Eicher Motors Ltd., said during an analyst call on Thursday evening after the quarterly earnings. The firm is facing certain supply issues at its vendors and specific models, he said, without specifying details.
Dasari said the company has removed some bottlenecks with minor capital expenditure here and there, and is now looking to increase the capacity by about 5% this year.
Siddhartha Lal, managing director of Eicher Motors, the company has a higher capacity addition target…