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
South Korean brand Daewoo has introduced a complete range of automotive batteries in India. The Korean technology automotive batteries cover a comprehensive range, including car, truck, tractor, and b...
BorgWarner has clinched an agreement with a major North American OEM to supply its bi-directional 800V Onboard Charger (OBC) for the automaker’s premium passenger vehicle battery electric vehicle (BEV...
Uno Minda, a leading tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs), has unveiled an innovative range of side stand sensors and switches that use advanc...