Eicher Motors is planning to invest around Rs 1,250 crore in 2017-18 both in Royal Enfield and VE Commercial Vehicles (VECV).The proposed investment of around Rs 800 crore by Royal Enfield would be towards company's upcoming manufacturing facility at Vallam Vadagal near Chennai, product development, two technical centres in UK & India and towards market expansion. The plant is expected to be operational by August 2017. With this third plant, combined capacity of Royal Enfield is expected to be 825,000 motorcycles in 2017-18. "Our immediate business outlook remains strong and Royal Enfield continues to grow consistently, competitively and profitably towards leading and expanding the mid-sized motorcycle segment globally" said Siddhartha Lal, MD & CEO, Eicher Motors Ltd.VE Commercial Vehicles (VECV) is planing to invest around Rs 450 crore in 2017-18 across all areas of its business.Meanwhile, Eicher Motors has reported a net profit of Rs 459.44 crore as compared to Rs 343.10 ...
Exports during April under review grew 36% to 1,578 units as compared to 1,160 units in April 2016
Over 60,000 units sold in April
Royal Enfield has strong presence in Colombia, another important two-wheeler market in Latin America
Enfield enjoys almost the entire 250-350 cc motorcycle market in country
Exports during the month under review grew by 24% to 1,564 units
Siddhartha Lal, who is now eyeing a global presence for Royal Enfiel, is BS CEO of the Year 2016
Bajaj's Dominar sells 3,000 units in first month, plans to reach 10,000 units by September
The two-wheeler manufacturer had sold 49,156 units in February 2016
The new plant is coming up at Vallam Vadagal, around 7 km from the company's Oragadam facility near Chennai
Company's total production capacity will increase to 900,000 units a year once the new facility starts
By end of the current year, total capacity of Royal Enfield would be around 6,75,000 units
The company had sold 44,491 units in the same month last year, a company statement said
Launched in March this year, the motorcycle maker has managed to sell around 4,000 units in the country so far
Exports soared 40% to 1,250 units compared with 893 units in the corresponding month last year
Company wants to build manufacturing plant, in product development and R&D centres
The Royal Enfield gear is about safety and style without compromising on comfort
Investment will be towards product development, capacity expansion and R&D
To rectify issues including engine noise, hard gear shift, stand gap & change of sari guard on an unspecified number of units
RE's helmets, riding gear, saddle bags and others will be sold through e-commerce site