Motorcycle manufacturer Royal Enfield has started commercial production from its new manufacturing facility at Vallam Vadagal near Chennai, Tamil Nadu in India. Spread over 50 acres, the Vallam Vadagal plant will be Royal Enfield’s third manufacturing facility and will manufacture Royal Enfield motorcycles for India and international markets.
In FY 2017-18, the combined production capacity from all the three plants is planned to be 825,000 units. In FY 2016-17, Royal Enfield produced and sold 667,135 motorcycles, nearing its installed capacity.
Royal Enfield acquired a 50 acre plot in Vallam Vadagal in October 2014 as the site for its third manufacturing facility. The construction of the facility started 15 months back and has been completed in record time. The new facility has been benchmarked to the highest level of quality and productivity. The capacity in this facility will enable the company to meet its next level of growth.
Royal Enfield’s sales have grown at a compounded rate of over 55% over the past 6 years. The order book continues to be strong and there is a large unmet demand. In FY 2017-18, the company plans to invest Rs 800 crores, largely towards capacity expansion at Vallam Vadagal, new products and platforms, and technical centres in Leicester, UK and Chennai, India. This investment will be funded through internal accruals.
Source: Royal Enfield
The 2024 Mahindra Thar Roxx from Mahindra and Mahindra Ltd. is the first new passenger vehicle to feature Monroe OE Solutions passive dampers fitted with Tenneco’s Monroe Ride Refine Advanced Hydrauli...
Lanxess is offering a new solution for the rapidly growing battery industry. The Lewatit MK 51 ion exchange resin from Lanxess selectively removes boron from metal concentrates, thus enabling the extr...
Magenta Mobility, India’s leading sustainable logistics solutions provider, has developed and implemented NorMinc, an advanced IoT-powered vehicle management platform designed to transform fleet opera...