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...