Royal Enfield, the global
leader in mid-sized motorcycles, announced its planned capital expenditure of Rs
800 crore for the year 2018-19. The capex announced will include the
commencement of construction of Phase-2 of the Vallam Vadagal plant in Tamil
Nadu this year.
Siddhartha Lal, MD & CEO,
Eicher Motors Ltd. said, “Our demand continues to exceed supply, and we
continue to see strong growth from all our markets. Therefore, we have decided
to expand our production capacity with the second phase of our Vallam Vadagal
plant near Chennai, Tamil Nadu. We will also complete construction of our
Technology Centre in Chennai this year, and invest further in the development
of new products to meet upcoming regulations and to expand our portfolio for our global markets.”
Royal Enfield has al o decided
to set up wholly owned subsidiaries in Indonesia and Thailand in 2018-19. “We
continue to strengthen our offerings with new models and variants such as the
new Thunderbird X, the Classic Gunmetal Grey, Stealth Black and Redditch
series, as well as our soon-to-be-introduced Twins. With a wide distribution
network in India, a growing international presence and state-of-the-art
capabilities in product development, Royal Enfield is well positioned to grow
the middleweight motorcycle segment globally,” said Siddhartha.
In 2018-19, with the first
phase of the Vallam Vadagal factory enjoying its first full year of operations,
and with productivity optimisation at its Oragadam plant, Royal Enfield will
have an annual production capacity of about 950,000 units.
Source: Royal Enfield
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