Royal Enfield Looking To Commission New Assembly Plant In South East Asia

Editor@Throttle|Updated: May 16, 2018 8:15
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The fact that Royal Enfield is doing very well in terms of domestic and international sales is no longer in doubt. In fact, Royal Enfield is pretty bullish about setting up assembly plants in South East Asia, preferably in countries like Thailand, Vietnam and Indonesia. Globally, the mid-capacity segment of motorcycles which ranges from 350 cc - 650 cc is a 2 million unit industry. Siddhartha Lal, MD and CEO, Eicher Motors and President, Royal Enfield had long ago said that the company is looking to grab a lion's share of this particular segment with its motorcycle model portfolio.

 

The company is all set to increase the manufacturing capacity at its new plant in Vallam Vadagal in Tamil Nadu. Royal Enfield plans to invest ₹ 800 crore in a bid to increase capacity of the plant to a total of 1.3 million units per annum. The company plans to increase the manufacturing capacity by an additional 3.5 lakh units by the second half of the next financial year.

 

Article Source : CarAndBike