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Royal Enfield opens second facility near Chennai
Royal Enfield on Tuesday inaugurated its greenfield manufacturing facility at Oragadam near Chennai.
The total capacity of the plant is five lakh motorcycles a year. The company has invested Rs 150 crore in the first phase.
Royal Enfield already has a plant in Thiruvottiyur, Chennai. Last year, the company produced 1.13 lakh motorcycles. With the new facility, the combined production is expected to touch 1.75 lakh units this year. Next year, the target is 2.50 lakh units, said Siddartha Lal, MD and CEO, Eicher Motors, which owns Royal Enfield.
The second plant will begin with the production of Desert Storm and Thunderbird vehicles. By the end of the year, the company expects the entire range including the Bullet and Classic, said Lal.
Exports from the plant are also on the cards, he said. The company already exports to over 40 countries from its Thiruvottiyur plant.
With the new facility, the company also hopes the waiting period for its vehicles will come down from eight months now to six-seven months by the end of the year.
SOURCE: Royal Enfield
SOURCE:Royal Enfield opens second facility near Chennai - Business Line
Finally
Royal Enfield opens second facility near Chennai
Royal Enfield on Tuesday inaugurated its greenfield manufacturing facility at Oragadam near Chennai.
The total capacity of the plant is five lakh motorcycles a year. The company has invested Rs 150 crore in the first phase.
Royal Enfield already has a plant in Thiruvottiyur, Chennai. Last year, the company produced 1.13 lakh motorcycles. With the new facility, the combined production is expected to touch 1.75 lakh units this year. Next year, the target is 2.50 lakh units, said Siddartha Lal, MD and CEO, Eicher Motors, which owns Royal Enfield.
The second plant will begin with the production of Desert Storm and Thunderbird vehicles. By the end of the year, the company expects the entire range including the Bullet and Classic, said Lal.
Exports from the plant are also on the cards, he said. The company already exports to over 40 countries from its Thiruvottiyur plant.
With the new facility, the company also hopes the waiting period for its vehicles will come down from eight months now to six-seven months by the end of the year.
SOURCE: Royal Enfield
SOURCE:Royal Enfield opens second facility near Chennai - Business Line
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