Royal Enfield, the flagship company of Eicher Motors will be investing Rs 600 crore in its two wheeler business for FY-17, as it creates new capacity to meet the sustained strong demand.
The investment will be made in the upcoming third plant in Vallam Vadagal on outskirts of Chennai, which will go on stream by September of 2017, the investment in UK tech center and new products.
Come FY-19, Royal Enfield will have a capacity of 9,00,000 units. The company will be launching one major product and few variants for the next couple of years to sustain the excitement in the brand.
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