New Delhi:
The legacy of stylish and classical bullet motorcycle will continue to flourish in India as the Royal Enfield on Monday began commercial production from its new manufacturing facility at Vallam Vadagal near Chennai.
The company statement stated that the plant spread over 50 acres and is the third manufacturing facility which will manufacture Royal Enfield motorcycles for India and international markets.
With the new plant coming onstream, the total production capacity from all the three plants is planned to be 8.25 lakh units in FY18, it added.
The company’s other two plants are also located in Chennai.
In FY17, Royal Enfield produced and sold 6,67,135 motorcycles, nearing its installed capacity.
The company has earmarked Rs 800 crore investment in 2017-18 mainly on capacity expansion at Vallam Vadagal, new products and platforms, and technical centres in the UK, Leicester and Chennai.
It will fund the investment through internal accruals.
(With PTI Inputs)
