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Royal Enfield announces Rs 800 crore investment for 2018-19 | Auto

Apr 03, 2018, 22:59 ISTSource: ANI

Royal Enfield, Indian motorcycle giant has announced a fresh investment of ? 800 crore for the financial year 2018-19. The investment will be used by Royal Enfield for a number of activities including capacity expansion, new product development and increased presence in global markets. This year the company will also complete the construction of its new Technology Centre in Chennai. In addition, the motorcycle maker also announced that it will setup two fully owned subsidiaries in Thailand and Indonesia during this fiscal. Royal Enfield’s new investment will see the commencement and construction of Phase-2 of the Vallam Vadagal plant in Tamil Nadu this year. The expansions, in addition to the Oragadam facility will its annual production capacity to touch about 950,000 units. Vallam Vadagal plant’s Phase-1 was inaugurated in 2017 and completes its first full year of operations. Its decision to expand in South East Asia, comes on the back of increased demand for the manufacturer’s offerings. Royal Enfield previously had limited presence in the region with flagship stores in main cities, but will now expand presence once the wholly owned subsidiaries are established. Royal Enfield also announced that it will be spending a sum of the new investment on upgrading its motorcycles to meet the upcoming regulations. This is likely to see that apart from the other changes, Royal Enfield introduce Anti-Lock Brakes (ABS) on its existing range to meet the future safety norms. Meanwhile, Royal Enfield is gearing up to unleash the highly awaited Interceptor 650 and Continental GT 650 later in the year. These 650 twins will be the Royal Enfield’s first middleweight offerings and will also be the most affordable twin-cylinders to go on sale in the country.

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