Royal Enfield to invest Rs 800 crore during the fiscal

Cornelia Mascio
Mag 6, 2017

Royal Enfield is planning into a Rs 800 crore investment in the financial year 2017-18 on various processes, including product development and the new manufacturing plant in Chennai, PTI reported. "We will be investing Rs 800 crore in FY 2017-18 towards our upcoming manufacturing facility at Vallam Vadagal near Chennai, product development, two technical centres in United Kingdom and India and towards market expansion", Eicher Motors MD and CEO Siddhartha Lal said in a statement. With our third plant, combined capacity of Royal Enfield is expected to be 825,000 motorcycles in 2017-18.

Royal Enfield is a part of Lal led Eicher Motors.

For the year ended March 31, the company posted a consolidated net profit of Rs 1,665 crore, up 45.7 per cent from Rs 1,143 crore in 2015-16.

The company's consolidated total income rose 23.3 percent at Rs 2,132.5 crore against Rs 1,729 crore during the corresponding quarter.

The company's two-wheeler division Royal Enfield sold 1,78,345 motorcycles in the fourth quarter, posting a growth of 20.8 per cent over 1,47,618 motorcycles sold in the same period previous year. With this, Royal Enfield now has 25 exclusive stores in its global markets. "The Himalayan has been well received in India and with it we are creating a full new segment in the country", its CEO, Siddhartha Lal said in a statement. The Classic 350 Redditch series was also added to Royal Enfield's India product line up in January.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE