Motorcycle manufacturer Royal
Enfield has started commercial production from its new manufacturing facility
at Vallam Vadagal near Chennai, Tamil Nadu in India. Spread over 50 acres, the
Vallam Vadagal plant will be Royal Enfield’s third manufacturing facility and
will manufacture Royal Enfield motorcycles for India and international markets.
In FY 2017-18, the combined
production capacity from all the three plants is planned to be 825,000
units. In FY 2016-17, Royal Enfield
produced and sold 667,135 motorcycles, nearing its installed capacity.
Royal Enfield acquired a 50
acre plot in Vallam Vadagal in October 2014 as the site for its third
manufacturing facility. The construction of the facility started 15 months back
and has been completed in record time. The new facility has been benchmarked to
the highest level of quality and productivity. The capacity in this facility
will enable the company to meet its next level of growth.
Royal Enfield’s sales have grown
at a compounded rate of over 55% over the past 6 years. The order book continues to be strong and
there is a large unmet demand. In FY 2017-18, the company plans to invest Rs
800 crores, largely towards capacity expansion at Vallam Vadagal, new products
and platforms, and technical centres in Leicester, UK and Chennai, India. This
investment will be funded through internal accruals.
Source: Royal Enfield
Together with its partners BMW – in the context of the Car Connectivity Consortium – is continuing to press ahead with the development and distribution of the BMW Digital Key. Now the BMW digital key ...
TVS Srichakra Limited, India’s leading manufacturer & exporter of two and three wheelers tyres, participated in the 2021 edition of the EICMA International Exhibition, held from 23rd to 28th of Novemb...
Finally it's that time of the year when we look forward to enjoying the holidays at our favourite destinations and what better way to travel, than on your favourite motorcycle, the all-new Classic 350...