Maersk, Royal Enfield sign deal
"Bullet" manufacturer Royal Enfield to use Maersk's Nagpur warehouse for distribution
Maersk announced a strategic partnership with Royal Enfield, effective April 2023, to provide a robust omni-channel fulfilment solution for all their riding gear requirements.
"With a monthly throughput exceeding 250,000 units and an inventory capacity of one million pieces, we possess the comprehensive resources necessary to seamlessly meet demands, regardless of their scale," says Maersk in its LinkedIn post.
Maersk's state-of-the-art distribution centre in Nagpur, Maharashtra is designed to address both the domestic and international needs of customers.
Royal Enfield has 1,090 stores and 969 studio stores across 1,750 cities in India, and 1,150 global touchpoints with 207 exclusive stores.
Eicher Motors, the parent company of Royal Enfield, reported a 40 percent increase in total revenue from operations at Rs 14,442 crore ($1.8 billion) while net profit increased 74 percent to Rs 2,914 crore ($364 million) for the year ended March 31, 2023.