Royal Enfield, the global leader in mid-size motorcycles, has started commercial production from its new manufacturing facility at Vallam Vadagal near Chennai, Tamil Nadu, India, said Eicher Motors in a BSE filing.
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 FY2017-18, the combined production capacity from all the three plants is planned to be 8,25,000 units. In FY2016-17, Royal Enfield produced and sold 6,67,135 motorcycles, nearing its installed capacity.
Royal Enfield’s sales have grown at a compounded rate of over 55% over the past six years. The order book continues to be strong and there is a large unmet demand. In FY2017-18, the company plans to invest Rs 800 crore, largely towards capacity expansion at Vallam Vadagal, new products and platforms, and technical Centres in Leicester, UK and Chennai, India, added the company.
Eicher Motors ended at Rs 31,252 per share, up by Rs 445.25 or 1.45% on Monday, on the BSE..
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 FY2017-18, the combined production capacity from all the three plants is planned to be 8,25,000 units. In FY2016-17, Royal Enfield produced and sold 6,67,135 motorcycles, nearing its installed capacity.
Royal Enfield’s sales have grown at a compounded rate of over 55% over the past six years. The order book continues to be strong and there is a large unmet demand. In FY2017-18, the company plans to invest Rs 800 crore, largely towards capacity expansion at Vallam Vadagal, new products and platforms, and technical Centres in Leicester, UK and Chennai, India, added the company.
Eicher Motors ended at Rs 31,252 per share, up by Rs 445.25 or 1.45% on Monday, on the BSE..
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