Royal Enfield, the world's oldest motorcycle manufacturer still in production is set to open a third manufacturing plant in Tamil Nadu, India. The Chennai based two-wheeler motorcycle manufacturer is looking to double its production capacity to 9 lakh units per annum.
Currently, Royal Enfield, the two-wheeler arm of Eicher Motors has two manufacturing units in the outskirts of Chennai. The company is already in the process of increasing its production capacity to 4.5 lakh units by the end of this year.
Siddhartha Lal, the Managing Director and Chief Executive Officer of Eicher Motors confirmed that the board has accepted the proposal of a third plant, which will be set up at Vallam Vadagal, Tamil Nadu. The board is yet to finalise the investment amount, which will happen in February next year, during a board meeting.
And, speaking about vehicle launches, the CEO confirmed that Royal Enfield will launch two new products, one early next year and the other in 2017. Also, Royal Enfield is looking to have 500 dealerships across India by the end of this year.