Royal Enfield plans a new product every year from 2016

Royal Enfield's last new product, the Continental GT, was launched in November 2013. Now the company has revealed that it plans to introduce a new model every year starting from 2016 in the next 3-5 years.

Royal Enfield has also disclosed that it plans to remain in the 250cc-750cc range. The company plans to bring an all-new product in three years. This bike is likely to be the Himalayan, which has been spotted testing on numerous occasions.

For the development of these products and other activities, Royal Enfield is investing Rs. 500 crores. A large chunk of this investment is in a new R&D centre in Mahabalipuram, in Chennai. The company is also working on expanding its expansion capacity. While the company was able to roll out 20,000 units at the beginning of last year, it has been able to produce 30,000 units at the start of this year. It plans to increase this number to 50,000 units by the start of next year. The company claims that it is cutting down the waiting period for its vehicles from 9 months to 5 months.

Source: ET Auto