Royal Enfield to set up third plant in India

As a part of its domestic-cum-export expansion strategy, Royal Enfield Motors has decided to set up a second project in the Oragadam area. This will be the company's third plant in the country. Its first plant is located at Thiruvottiyur.

The Eicher Motors-owned company has paid Rs. 57 crore to acquire a 50 acre plot at Vallam Vadakal near Chennai. The plot is located at a distance 10 km from its Oragadam factory. Royal Enfield is planning to increase its total production capacity from 3 lakh units to 4 lakh units in 2015 and 6 lakh units in 2016.

Royal Enfield is also planning to expand its dealer network from 300 in early 2014 to 400 by the end of 2014 and 500 in 2015.

Source: The Hindu