Royal Enfield To Invest Rs 600 Crore On New R&D Units, Expansion

Written by | May 7, 2016 | 0

New Delhi: Niche bike maker Royal Enfield, plans to invest Rs 600 crore during the current fiscal for product development, setting up of two R&D centres and expansion of manufacturing capacities in India and the UK.

The company sells various popular models like Bullet, Classic, Thunderbird and Continental GT.

“We will be investing Rs 600 crore towards product development, setting up of the two technical centres, in Leicestershire, UK and Chennai, enhancing our manufacturing capacity and market development activities across geographies,” Eicher Motors Ltd Managing Director & CEO
Siddhartha Lal said in statement.

The UK technology centre will be operational by the second half of 2016-17 while the Chennai centre will be operational by 2017-18, he added.

On manufacturing capacity, Lal said: “In FY 2016-17, we plan to manufacture 675,000 motorcycles.”

On outlook, he added, “Our immediate business outlook remains strong and Royal Enfield continues to grow consistently, competitively and profitably towards leading and expanding the mid-sized motorcycle segment globally.”

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