Royal Enfield prices limited edition bike range at Rs 2.17 lakh  - The Financial Express

Royal Enfield prices limited edition bike range at Rs 2.17 lakh 

Cult bike-maker Royal Enfield will price its limited edition range of motorcycles, inspired by u0027despatch ridersu0027 of World Wars, at Rs 2.17 lakh (on-road Delhi).

By: | Updated: March 21, 2016 12:28 PM

Royal Enfield bikes

Royal Enfield said it is opening online bookings for the limited edition bike from July 15. (Reuters)

Cult bike-maker Royal Enfield will price its limited edition range of motorcycles, inspired by 'despatch riders' of World Wars, at Rs 2.17 lakh (on-road Delhi).

The motorcycle will be available in two colours in India -- Desert Storm Despatch and Squadron Blue Despatch -- and only 200 units of each colour variant will be manufactured for the domestic market, the company said in a statement.

Royal Enfield said it is opening online bookings for the limited edition bike from July 15.

In May, the company had unveiled the bike along with new collection of gears and accessories for both domestic and international markets.

The limited edition range is based on Classic 500 model.

The bikes are inspired by despatch riders, who relayed vital information between headquarters and ground forces through the World Wars.

Moreover, the World War inspired range includes gears and accessories such as leather jackets and shoes with ankle guards. These would also be available at around 50 global markets where the company is present.

ionaires at a rapid pace; we forecast 437,000 millionaires by 2018, and potentially double that number by 2023," Wealth-X said in its report titled 'Decades of Wealth: The Next 10 Years In Wealth and Luxury'.

According to the report, emerging markets such as India and South Africa would see their millionaire populations rise significantly in the coming decade.

"We may be now entering 'India's Decade', Wealth-X said adding that over the last year, the rise in Indian wealth and the number of wealthy has been "impressive".

Moreover, the nation also has a young, well-educated population with high levels of entrepreneurship and business ownership, underpinned by a well-developed legal system that in turn would help in wealth creation, the report said.

Aligned to this wealth growth will be an equally substantial increase in luxury consumption, the report said.

"The rise in discernment amongst the world's wealthy will not only affect the brands they buy, but it will also affect what they buy. Increasingly, the wealthy will spend more on experiential luxury and less on physical luxury, as has already become the case amongst the wealthy in Europe and North America," It added.

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