Royal Enfield to invest Rs 8 bn in 2018-19, to expand production capacity

Capex includes construction of Phase-II of Vallam Vadagal plant near Chennai

Royal Enfield, a leading mid-sized motorcycles manufacturer, is planning to invest around Rs 8 billion in 2018-19. The capex includes construction of Phase-2 of the Vallam Vadagal plant in Tamil Nadu this year.
 

Siddhartha Lal, MD & CEO, Eicher Motors Ltd. said demand continues to exceed supply, and the company is seeing strong growth from all the markets.
 

To meet the demand, the company has decided to expand its production capacity with the second phase of our Vallam Vadagal plant near Chennai, he added.
 

The company will also complete construction of its technology centre in Chennai this year, investing further