Royal Enfield to Invest Rs 800 crores on R&D and New Motorcycles in FY-18
Royal Enfield is on an expanding spree with CEO Siddhartha Lal ready to invest INR 800 Crore in business development, 2 R&D centres (UK & Chennai), new products and their third manufacturing plant near Chennai.
Royal Enfield is currently the most profitable motorcycle company around the world. The news regarding the brand has been trending since last few months, majorly covering all of its aspects like spied twin cylinder motorcycle, considerable increase in sales and following BS4 norms at right time.
The spyshots of a 750 cc, twin cylinder motorcycle that was covered under the same body as Continental GT were seen first from Europe and then from India. They are moving forward toward their goal of becoming the world leader in middleweight segment.
The motorcycle has twin exhaust and shared most design elements with the cafe racer. The gain in production capacity in their third plant will allow to manufacture future products with much ease. Royal Enfield recently launched updated motorcycles in India (fuel injection upgrade) and in UK (Classic and Bullet with rear disc and ABS).
Not just that, their existing superstar product, Classic 350 can even be produced in more numbers for the domestic market. Last month, the motorcycle maker sold more than 60,000 units from their lineup.
The new plant will help them take the total annual production capacity to 8,25,000. Also, they can raise their exports to different international markets. The most powerful engine currently in the lineup is plugged into the Continental GT, producing 29.1 BHP and 44 Nm of torque.